Infowars owner and host Alex Jones on Thursday asked that a judge convert his bankruptcy into Chapter 7 liquidation. This is after the families of the Sandy Hook shooting victims rejected a settlement of $55 million over 10 years that would have seen Jones able to retain control of his assets and earn income to pay off the debt.
Jones’ lead bankruptcy attorney Vickie Driver said in court, “With the anticipated conversion or dismissal of the Free Speech Systems case, he does not believe his own estate would continue to benefit by remaining in Chapter 11,” according to the Daily Mail .
“Thus, drawing out the Chapter 11 process would result in additional administrative expense with little benefit to [Jones’] estate,” she added. “Accordingly, he submits that this Chapter 11 case should be converted to Chapter 7.”
While Chapter 11 protections could have led to a larger payment to the families of […]
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