Former MU coach Jim Donnan files for bankruptcy
HUNTINGTON -- Former Marshall University head football coach Jim Donnan and his wife, Mary, filed for Chapter 11 bankruptcy Friday in the middle district of Georgia.
Donnan, who coached at Marshall from 1990 to 1995, checked a box on the federal filing that estimates his liabilities between $10 million and $50 million. He checked the box for estimated assets for $1 million to $10 million.
The federal documents state the largest creditor to be GLC Limited at $8.25 million, though it is listed as "disputed." GLC Limited is a Tri-State based company that filed for bankruptcy in the spring. A May 9 court filing listed Donnan as GLC's first investor. It only stated Donnan "invested a substantial amount" and received "certain commissions as alleged therein" for his work in soliciting additional investors for the company.
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