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Judge Approves Vick Bankruptcy Plan

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A judge in Virginia has approved a plan for Michael Vick to repay $20 million to his creditors and emerge from bankruptcy. U.S. Bankruptcy Judge Frank Santoro approved the plan Thursday on the condition that Vick retain a personal financial planner to manage his future earnings with the Philadelphia Eagles.

Santoro says while Vick is "at the pinnacle of his profession," he has proven unable to manage his finances in the past. The plan was overwhelmingly approved in a ballot of creditors.

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