John L. Smith debt always $40.7M
FAYETTEVILLE, Ark. -- An attorney for Arkansas coach John L. Smith said Friday that a computer error in his bankruptcy case is behind what appeared to be a huge jump in his debt.
Smith's initial Chapter 7 filing in September listed $25.7 million in debt. He later amended that to $40.7 million, blaming land deals gone bad in Kentucky. Attorney Jill Jacoway, speaking during a hearing in U.S. Bankruptcy Court, said the computer error resulted in her assistant listing $25.7 million in debt. ...
Read full story