Michael Vick‘s legal troubles continue as two banks have filed lawsuits against the former Atlanta Falcons quarterback over failure to repay loans, according to Associated Press reports.
In one suit, filed by 1st Source Bank alleges that Vick and his company, Divine Seven LLC, for failure to make payments on a $2 million dollar loan. The loan was originally taken out in January for the purchase of several automobiles for an Atlanta based rental car business.
Vick is listed as the Chief Financial Officer for the company and personally signed a form guaranteeing the repayment of the loan. According to court documents, 1st Source sent a written statement to both Vick and Divine Seven asking for repayment of the money, but both parties have “failed and refused to pay.”
But the drama doesn’t end there.
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Royal Bank of Canada also filed suit against Vick for $2.3 million, citing his suspension from the NFL will affect his ability to repay. That money was taken out for various real estate investments.
If it seems that matters could not get any worse for Vick, there’s more.
In addition to the guilty plea he entered in federal court on charges stemming from a dog fighting ring run from a home that Vick owned, he may face more charges in that matter from the state of Virginia.
Last month, Vick was indicted in Surry County for “beating or killing or causing dogs to fight other dogs and engaging or promoting dog fighting,” according to reports.
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The original dog fighting charges have also cost Vick several lucrative endorsements and he’s currently under curfew until his Dec. 10 sentencing after testing positive for marijuana.
