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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
Originally published on SECRant.com

Comments

12 Comments
Failed businesses and terrible real estate with greedy over lending banks.
Reply43 months
That'll cool your piss off
Reply43 months
What did he spend that much on?
Reply43 months
I see nothing wrong with it.

JLS is just doing what the US government has been doing for a long time.
Reply43 months
km
20
This is clinton country, any thing is possible. "I did not have loans with that banker" "define: debt"
Reply43 months
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.
Reply43 months
Smile
Reply43 months
Over leveraged to say the least.
Reply43 months
I'm thinking JLS should have filed for bankruptcy a long time ago.
Reply43 months
The banks were retarded and greedy.
Reply43 months
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.
Reply43 months
How does a person with 1.3 million in assets borrow and credit that much money?

Reply43 months
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