Former UGA football coach Jim Donnan owes creditors nearly $10 million, according to documents filed Friday in federal bankruptcy court.
Donnan and his wife, Mary, have filed Chapter 11 bankruptcy in the middle district of Georgia, according to documents obtained by the AJC.
The financial disclosures indicate the Donnans owe $8.25 million to GLC Limited, the same company that also filed for bankruptcy in the spring.
In March, a judge ordered the Donnans to turn over income-tax returns and other financial records the case. Jim Donnan is listed as a creditor of GLC Limited, the parent company of a chain of liquidation stores and other businesses.
Among the other debts, the Donnans also owe the IRS $300,000 for 2010 income taxes and $1.2 million to four separate banks. The court filings include 65 pages of creditors the Donnans owe, including names and addresses from individuals and companies from several states, including Georgia, Ohio, West Virginia, Tennessee, Indiana and Kentucky.
The Donnans, who live in Athens, were ordered to undergo credit counseling, which they did June 22.
Jim Donnan coached the Bulldogs from 1996 until 2000, compiling a 40-19 record.
About the Author
