Arkansas's John L. Smith Now $40.7M in debt | TigerDroppings.com
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Arkansas's John L. Smith Now $40.7M in debt

Arkansas coach John L. Smith has amended his bankruptcy filing, listing $40.7 million in debts - up from $25.7 million just last month. The filing in U.S. Bankruptcy Court in Little Rock on Wednesday shows Smith has $1.3 million in assets. His previous filing listed $25.7 million in debts and $1.2 million in assets.

The difference appears to be $15 million owed to Branch Banking & Trust in Louisville, Ky. The original filing on Sept. 19 listed the amount owed to Branch Banking & Trust as unkno
Filed Under: SEC Sports, Arkansas
Originally published on SECRant.com

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MThawg - 23 months ago
Failed businesses and terrible real estate with greedy over lending banks.
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Polycarp - 23 months ago
That'll cool your piss off
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mandevilletiger34 - 23 months ago
What did he spend that much on?
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LSUAlum2001 - 23 months ago
I see nothing wrong with it.

JLS is just doing what the US government has been doing for a long time.
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km - 23 months ago
This is clinton country, any thing is possible. "I did not have loans with that banker" "define: debt"
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Worley13 - 23 months ago
nice. Wish I was just in the position to borrow THAT much money, if I wanted. I cant even fathom that much money- much less OWE it.
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SouljaBreauxTellEm - 23 months ago
Smile
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LSU1NSEC - 23 months ago
Over leveraged to say the least.
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TigerB8 - 23 months ago
I'm thinking JLS should have filed for bankruptcy a long time ago.
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dagrippa - 23 months ago
The banks were retarded and greedy.
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Dignan - 23 months ago
The Arkansas AD had integrity when he fired Petrino, but it's hard to believe he couldn't have found a more suitable interim replacement.
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MoreOrLes - 23 months ago
How does a person with 1.3 million in assets borrow and credit that much money?

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