Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Bankruptcy trustee discloses plan to shut down Alex Jones' Infowars and liquidate assets
The judgment against Jones is non-dischargeable and if Jones obtains any non-exempt assets, there will be further actions taken by the plaintiffs.
Link to tweet
https://www.houstonchronicle.com/business/article/bankruptcy-trustee-discloses-plan-to-shut-down-19532155.php
A U.S. bankruptcy court trustee is planning to shut down conspiracy theorist Alex Jones' Infowars media platform and liquidate its assets to help pay the $1.5 billion in lawsuit judgments Jones owes for repeatedly calling the 2012 Sandy Hook Elementary School shooting a hoax.
In an "emergency" motion filed Sunday in Houston, trustee Christopher Murray indicated publicly for the first time that he intends to "conduct an orderly wind-down" of the operations of Infowars' parent company and "liquidate its inventory." Murray, who was appointed by a federal judge to oversee the assets in Jones' personal bankruptcy case, did not give a timetable for the liquidation.
Jones has been saying on his web and radio shows that he expects Infowars to operate for a few more months before it is shut down because of the bankruptcy. But he has vowed to continue his bombastic broadcasts in some other fashion, possibly on social media. He also had talked about someone else buying the company and allowing him to continue his shows as an employee......
Jones has about $9 million in personal assets, according to the most recent financial filings in court. Free Speech Systems has about $6 million in cash on hand and about $1.2 million worth of inventory, according to recent court testimony.
On June 14, Lopez, the bankruptcy judge, approved converting Jones' personal bankruptcy case from a reorganization to a liquidation, which Jones requested. Lopez also dismissed the reorganization bankruptcy case of FSS, after lawyers for Jones and the Sandy Hook families could not agree on a final bankruptcy plan.
In an "emergency" motion filed Sunday in Houston, trustee Christopher Murray indicated publicly for the first time that he intends to "conduct an orderly wind-down" of the operations of Infowars' parent company and "liquidate its inventory." Murray, who was appointed by a federal judge to oversee the assets in Jones' personal bankruptcy case, did not give a timetable for the liquidation.
Jones has been saying on his web and radio shows that he expects Infowars to operate for a few more months before it is shut down because of the bankruptcy. But he has vowed to continue his bombastic broadcasts in some other fashion, possibly on social media. He also had talked about someone else buying the company and allowing him to continue his shows as an employee......
Jones has about $9 million in personal assets, according to the most recent financial filings in court. Free Speech Systems has about $6 million in cash on hand and about $1.2 million worth of inventory, according to recent court testimony.
On June 14, Lopez, the bankruptcy judge, approved converting Jones' personal bankruptcy case from a reorganization to a liquidation, which Jones requested. Lopez also dismissed the reorganization bankruptcy case of FSS, after lawyers for Jones and the Sandy Hook families could not agree on a final bankruptcy plan.