Michael Vick makes final payment on debt from bankruptcy deal

Michael Vick has made his final payment to creditors stemming from when he filed for bankruptcy in 2008.

According to ESPN, with his $1.5 million payment made Thursday to creditors, Vick has now paid back $17.4 million of the $17.6 million he owed.

Vick filed for Chapter 11 bankruptcy back in 2008, which gave him the option of paying back all the money he owed. Had he decided to file Chapter 7 bankruptcy he would have had all of his debt erased. He would have had to liquidate all of his assets to do so, but he would not have had to pay back any of the money he owed.

He did not want to do that saying back in 2014 he, "didn't want to stiff people who never stiffed me."

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Vick has now paid back more than 99 percent of what he owed which Joseph Luzinski, a senior vice president at Development Specialists Inc., a management consultancy firm and the liquidating trustee in Vick's bankruptcy, said is not common.

"Paying 99 cents on the dollar, which he did, is remarkable," Luzinski said. "It happens in, maybe, one out of 100 cases."