Arkansas' new coach is broke?

[57stratdawg]

John L. Smith files for bankruptcy

Not something you see everyday. I think it hurts Ark too. Their recruiting class is really struggling btw. Ranked in the 50s right now.

 

[FreeDawg]

Wow. That is definetely something different. I agree that this cant help them at all. I wonder if this has ever happened before?

 

[FlabLoser]

Man that guy is old.

The bankruptcy deal could be strictly a business failure instead of a guy really being broke. Bankruptcy is a highly abused move to escape debt. It's not exactly an easy get out of jail free card, but there are people who wouldn't think twice about doing it. It's certainly possible to make bad investments with some loans and bail out with the bankruptcy card, all while maintaining a good lifestyle.