Friday, June 7, 2024 4:48PMConspiracy theorist Alex Jones is seeking court permission to convert his personal bankruptcy reorganization to a liquidation, which would lead to a sell-off of a large portion of his assets to help pay some of the $1.5 billion he owes relatives of victims of the Sandy Hook Elementary School shooting.
The Sandy Hook families, meanwhile, are asking the same judge to convert Free Speech Systems' case from a reorganization to a liquidation. Liquidation could mean that Jones would have to sell most of what he owns, including his company and its assets, but could keep his home and other personal belongings that are exempt from bankruptcy liquidation. Proceeds would go to his creditors, including the Sandy Hook families.
But a liquidation of Jones' and his company's assets would raise only a fraction of what he owes the Sandy Hook families. Last weekend, Jones warned on his show that his company faced an imminent shutdown because of what he called a conspiracy by the government and Democrats related to his bankruptcy cases. He urged his supporters to form a human chain around his Austin studio to prevent a takeover, and said he was sleeping in the studio to guard against a shutdown - which didn't happen.
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