Arkansas coach Smith amends bankruptcy filing

    5:34 PM, Oct 3, 2012   |    comments
    John L. Smith
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    LITTLE ROCK, Ark. (AP) - Arkansas football coach John L. Smith has amended his bankruptcy filing with documents showing his finances are worse than when first reported two weeks ago.

    Wednesday's filing in U.S. Bankruptcy Court in Little Rock shows Smith has $40.7 million in liabilities and $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 unknown. Wednesday's filing says the exact amount owed is unknown - but is more than $15 million.

    Smith filed for Chapter 7 bankruptcy on Sept. 6.

    The largest debt listed is $20 million to Terra Springs LLC of Louisville.

    (Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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