DEVELOPING: Bankruptcy Trustee to Shut Down Infowars, Liquidate Its Assets to Pay Sandy Hook Families
A bankruptcy trustee on Sunday filed an emergency motion to shut down Infowars and Alex Jones’ parent company Free Speech Systems and liquidate its assets to pay the Sandy Hook families.
Earlier this month a federal judge ordered the liquidation of Alex Jones’ personal assets.
Judge Christopher Lopez approved Alex Jones’ request to convert a Chapter 11 business reorganization bankruptcy to a Chapter 7 personal bankruptcy.
However, a couple of weeks ago the judge dismissed the bankruptcy reorganization of Infowars and its parent company Free Speech Systems.
Legal experts said the Sandy Hook families could go back to the bankruptcy court and demand Alex Jones liquidate his company to pay off the Sandy Hook debt.
On Sunday the bankruptcy trustee said he intends to conduct an “orderly wind down” of Alex Jones’ media company.
The New York Post reported:
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.
Murray also asked US Bankruptcy Judge Christopher Lopez to put an immediate hold on the Sandy Hook families’ efforts to collect the massive amount Jones owes them. Murray said those efforts would interfere with his plans to close the parent company, Free Speech Systems in Austin, Texas, and sell off its assets — with much of the proceeds going to the families.
In December 2022 Alex Jones filed for personal bankruptcy protection in a Texas court after the Sandy Hook verdict.
A Connecticut judge previously ordered Alex Jones to pay an additional $473 million to Sandy Hook families, Reuters reported.
This is in addition to the $1 billion Alex Jones was ordered to pay for questioning the Sandy Hook shooting.
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