A hearing in Free Speech Systems' bankruptcy case was scheduled for Monday related to a dispute over the company's financesRelatives of victims of the Sandy Hook Elementary School shooting are asking a bankruptcy judge to liquidate conspiracy theorist Alex Jones' media company, including Infowars, instead of allowing him to reorganize his business as they seek to collect on $1.5 billion in lawsuit verdicts against him.
“There’s really no avenue out of this,” Jones said on his show Sunday. “I’m kind of in the bunker here. And don’t worry. I’ll come back. The enemy can’t help but do this attack.” Liquidation could mean that Jones, based in Austin, Texas, 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. There is no agreement or court ruling yet, however, on how a liquidation would work in Jones’ cases.
The families of many, but not all, of the Sandy Hook victims sued Jones and won the two trials in Connecticut and Texas.
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