menu

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.
Reply50 months
That'll cool your piss off
Reply50 months
What did he spend that much on?
Reply50 months
I see nothing wrong with it.

JLS is just doing what the US government has been doing for a long time.
Reply50 months
km
20
This is clinton country, any thing is possible. "I did not have loans with that banker" "define: debt"
Reply50 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.
Reply50 months
Smile
Reply50 months
Over leveraged to say the least.
Reply50 months
I'm thinking JLS should have filed for bankruptcy a long time ago.
Reply50 months
The banks were retarded and greedy.
Reply50 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.
Reply50 months
How does a person with 1.3 million in assets borrow and credit that much money?

Reply50 months
Popular Stories
comments38

LSU QB Commit Myles Brennan Continues To Hear From New Schools

Brennan decided to reopen his recruitment last week.
comments16

Photo: Ed Orgeron & Corey Raymond Visit 5-Star LSU Commit JaCoby Stevens

Stevens is No. 1 safety in the country for the class of 2017.
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram