Judge rejects bankruptcy plan for Alex Jones’ Infowars but allows him to liquidate his personal assets

Good riddence, InfoWars! Will Gd5150 pull his head out of his rectum now?

https://www.cnn.com/2024/06/14/media/infowars-alex-jones-liquidation-ruling/index.html

A Texas bankruptcy judge has rejected a proposed liquidation of conspiracy theorist Alex Jones’ company Free Speech Systems, the parent company of Infowars, saying that a denial of the bankruptcy plan was, in his opinion, in the best interest of the creditors. But the judge approved a separate liquidation of Jones’ personal assets.

Judge Chris Lopez said the Infowars bankruptcy process had dragged on and that it needed to stop “incurring costs” and let the families of Sandy Hook victims try to claim what they are owed through state courts. The families have not received payment of the approximately $1.5 billion in damages against Jones that they have won after he lied about the 2012 school massacre.

The rejection of the bankruptcy plan leaves many questions to sort out in the decision’s wake. Among them: What happens next for Infowars? And what legal avenues remain for the victims’ families to collect the massive sum Jones still owes them?

This judgment could be viewed as a partial victory for Jones, who fought the liquidation proposal – but so too did some families, whose attorneys said they’ll benefit more from the bankruptcy plan’s dismissal by going after Jones’ assets immediately – rather than waiting for a prolonged bankruptcy procedure to play out.

That ruling leaves Free Speech Systems to face its creditors outside of bankruptcy in state courts, noted Marie Reilly, professor of bankruptcy law at Penn State University.

In a statement, an attorney for the families said they would press on.

“Today is a good day. Alex Jones has lost ownership of Infowars, the corrupt business he has used for years to attack the Connecticut families and so many others,” said Chris Mattei, an attorney for the families. “The Court authorized us to move immediately to collect against all Infowars assets, and we intend to do exactly that.”