LITTLE ROCK, Ark. (AP) - Creditors suing former Arkansas coach John L. Smith claim he stashed or lost track of more than $2 million before asking for liquidation of his $40.7 million debt in bankruptcy court.
Prior to starting his lone season leading the Razorbacks, Smith revealed he would file for Chapter 7 bankruptcy protection in an attempt to wipe away the debt incurred through real estate deals. In a recent filing, creditors say Smith can't account for $1 million and moved more than $1 million to family members.
Smith's lawyer, Jill Jacoway of Fayetteville, didn't return phone and email messages seeking comment. Smith didn't reply to an email requesting comment and a spokesman at Fort Lewis College in Durango, Colo., where Smith is now head coach, said Smith was out of town.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)