Creditors Meet in John L. Smith Bankruptcy Case
A Friday meeting of creditors in the personal bankruptcy of Arkansas Razorbacks football coach John L. Smith produced a few lighthearted moments.
But portions of the cordial half-hour meeting in Fayetteville’s John Paul Hammerschmidt Federal Building underscored the stress and damaged relationships from real estate deals gone bad in Kentucky.
Lawyers representing only three of the potential 38 creditors listed in Smith’s bankruptcy petition attended the hearing: John D. Rhodes of Louisville, a former business partner; RLBB Acquisition LLC of Louisville; and Signature Bank of Fayetteville.
The interim head football coach said that among his various business partnerships he was the only one getting sued by other partners, although other individuals signed personal guaranties as well. Click here to read the full story ArkansasBusiness.com.