Arkansas Razorbacks Football Coach John L. Smith's $40 Million Mistake by Mark Friedman Posted 11/5/2012 12:00 am Updated 5 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 articles older than 15 days. Articles newer than 15 days are not included in this offer. Purchase Now Already have archive access? Login to view this article.