Alex Jones bankruptcy trustee plans to wind down Infowars

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 43 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 56%
  • Publisher: 66%

Jones News

Company,Bankruptcy,Jones

Court-appointed bankruptcy trustee intends to shut down Alex Jones’ Infowars

A court-appointed bankruptcy trustee on Sunday signaled his intent to shut down Alex Jones’ Infowars company, but said he wants to prevent a “money grab” by families who have sued Jones over his lies about the deadly 2012 Sandy Hook school shooting.

But that effort has been imperiled by some of the families’ recent efforts to collect on their debts, according to Murray, who was appointed to sell Jones’ assets on June 14. “The specter of a pell-mell seizure of FSS’s assets, including its cash, threatens to throw the business into chaos, potentially stopping it in its tracks,” Murray wrote. “The Trustee seeks this Court’s intervention to prevent a value-destructive money grab and allow an orderly process to take its course.”

FSS was dismissed from bankruptcy on the same date that Murray was placed in charge of Jones’ finances. The dismissal allowed the company to continue broadcasting, but also allowed its creditors to resume collection efforts.Before Free Speech Systems was dismissed from bankruptcy, the Sandy Hook families were divided on what should happen to the company.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 31. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bankruptcy trustee discloses plan to shut down Alex Jones' Infowars and liquidate assetsA U.S. bankruptcy court trustee is planning to shut down conspiracy theorist Alex Jones' Infowars media platform and liquidate its assets to help pay the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Alex Jones to liquidate assets, sell Infowars to pay off Sandy Hook settlementThe liquidation will help Alex Jones pay off the massive US$1.5-billion legal settlement he owes to the families of Sandy Hook victims.
Source: GlobalCalgary - 🏆 50. / 61 Read more »

Alex Jones seeks court permission to convert his personal bankruptcy into a liquidationJones and his media company both filed for bankruptcy reorganization after the Sandy Hook families won lawsuits against him for his repeatedly calling the 2012 school shooting a hoax on his Infowars programs
Source: globeandmail - 🏆 5. / 92 Read more »

Supreme Court Rejects Petition From InfoWars Host After Jan. 6 ConvictionNick Visser is a senior reporter on HuffPost’s breaking news team, covering the environment, U.S. politics and world news. Originally based in New York, he now lives in Sydney.
Source: HuffPostCanada - 🏆 61. / 53 Read more »