Alex Jones initiates Chapter 7 liquidation to sell Infowars and pay off legal debts.

Alex Jones, the controversial figure behind Infowars, has requested a U.S. judge to convert his bankruptcy case into a Chapter 7 liquidation to help pay off the $1.5 billion settlement owed to the Sandy Hook victims' families. This move would involve selling off his assets, including his stake in Free Speech Systems, the parent company of Infowars.

There is no reasonable prospect of a successful reorganization,
stated Jones' lawyers in a recent court filing, emphasizing the need for a more streamlined process. The shift to Chapter 7 is intended to lower costs and expedite the liquidation, contrasting with the higher expenses associated with Chapter 11 bankruptcy.

image



Background on the Case
Jones was found liable for defamation and emotional distress after spreading false claims about the 2012 Sandy Hook school shooting, which tragically took the lives of 20 students and six staff members. He had propagated the theory that the event was staged by crisis actors, a claim he later admitted was false.

Most of the defamation verdicts cannot be legally discharged,
ruled the judge, due to the willful and malicious injury caused by Jones. Despite filing for Chapter 11 bankruptcy to restructure his debts, Jones has yet to pay any part of the settlement.

Impact on Infowars
If the judge approves the motion, a court-appointed trustee will manage the liquidation of Jones' personal assets, including his ownership in Free Speech Systems. While this could result in a new owner for Infowars, Jones has publicly expressed doubts about the site's future.

In a recent emotional broadcast, Jones mentioned that Infowars might be shut down soon, claiming that the Sandy Hook families were trying to silence him through legal means.

Continued Harassment
The families of Sandy Hook victims have testified about the severe harassment and threats they've endured from Jones' followers. This ongoing abuse, coupled with the failure to receive any settlement payments, has intensified the need for legal resolution.

Jones had proposed a $55 million settlement, which was unanimously rejected by the families, who have put forth their own plan for liquidating his assets. The judge will consider this proposal in an upcoming court hearing on June 14.

image
Credit: NBC
POLL
June 9   |   1 answers
Alex Jones to Sell Infowars to Pay Off Sandy Hook Settlement

Will Alex Jones' shift to Chapter 7 liquidation resolve the Sandy Hook settlement issue?

Yes, it will help pay off his debts.00 %
No, the families will still face challenges.00 %
Maybe, it depends on the court's decision.00 %
Uncertain, more legal battles might arise.00 %
LIST OF POLL
Latest 10 stories