Conspiracy theorist Alex Jones is seeking court permission to convert his personal bankruptcy reorganization to a liquidation.
FILE - Conspiracy theorist Alex Jones takes the witness stand to testify at the Sandy Hook defamation damages trial at Connecticut Superior Court in Waterbury, Conn., Sept. 22, 2022. Jones asked the court permission on Wednesday, June 5, 2024, 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.
Jones' lawyers have said that the company's case also appeared to be headed toward a liquidation, or it could be withdrawn. 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.
Jones had offered a bankruptcy reorganization plan that would have let him keep operating Free Speech Systems and Infowars while paying the Sandy Hook families a minimum total of $55 million over 10 years. Before that proposal, the families had offered to settle their debt for a minimum of $85 million.
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