News:
Popular Forums:

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: Arkansas
Originally published on SECRant.com

Comments (12) - Add Comments

1
0
Report Abuse
MoreOrLes - 18 months ago
How does a person with 1.3 million in assets borrow and credit that much money?

0
0
Report Abuse
Dignan - 18 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.
0
1
Report Abuse
dagrippa - 18 months ago
The banks were retarded and greedy.
0
0
Report Abuse
TigerB8 - 18 months ago
I'm thinking JLS should have filed for bankruptcy a long time ago.
0
0
Report Abuse
LSU1NSEC - 18 months ago
Over leveraged to say the least.
0
0
Report Abuse
SouljaBreauxTellEm - 18 months ago
Smile
0
0
Report Abuse
Worley13 - 18 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.
2
0
Report Abuse
km - 18 months ago
This is clinton country, any thing is possible. "I did not have loans with that banker" "define: debt"
1
0
Report Abuse
LSUAlum2001 - 18 months ago
I see nothing wrong with it.

JLS is just doing what the US government has been doing for a long time.
0
0
Report Abuse
mandevilletiger34 - 18 months ago
What did he spend that much on?
1
0
Report Abuse
Polycarp - 18 months ago
That'll cool your piss off
0
0
Report Abuse
MThawg - 18 months ago
Failed businesses and terrible real estate with greedy over lending banks.
Add a Comment