Arkansas Razorbacks Football Coach John L. Smith's $40 Million Mistake by Mark Friedman Posted 11/5/2012 12:00 am Updated 4 years ago John L. Smith's actions that led to his seeking Chapter 7 bankruptcy protection serves as a cautionary tale for those involved in LLCs who sign loan documents without first understanding the terms. Want the Full Article? Get Unlimited Archive Access for $19.95 per Year Readers must pay to access stories older than 15 days. Purchase Now Already have archive access? Login to view this article.