New Documents: John L. Smith's Debt Reaches $40 Million
By: KARK 4 News, Little Rock
Updated: October 3, 2012
Arkansas Razorbacks head football coach John L. Smith filed new
documents on Wednesday that show he has more than $40 million in
liabilities.
According to USAToday.com, Smith filed amended documents that show a newly listed debt of $15 million owed to Branch Banking and Trust in Louisville, Ky.
Coach Smith also cashed in a life insurance policy in order to pay bills and add money to his checking account, according to the article.
Smith filed for Chapter 7 bankruptcy in early September.
To read the original article, click here.
According to USAToday.com, Smith filed amended documents that show a newly listed debt of $15 million owed to Branch Banking and Trust in Louisville, Ky.
Coach Smith also cashed in a life insurance policy in order to pay bills and add money to his checking account, according to the article.
Smith filed for Chapter 7 bankruptcy in early September.
To read the original article, click here.
