in World News Infowars to be Liquidated and Auctioned Off to Help Pay Sandy Hook Families
A bankruptcy judge approved Infowars to be liquidated and auctioned to help pay Sandy Hook families this November.
In June a bankruptcy trustee filed an emergency motion to shut down Infowars and Alex Jones’ parent company Free Speech Systems and liquidate its assets.
Earlier this year a federal judge ordered the liquidation of Alex Jones’ personal assets.
Judge Christopher Lopez approved Alex Jones’ request to convert a Chapter 11 business reorganization bankruptcy to a Chapter 7 personal bankruptcy.
Alex Jones said he will continue his show through social media accounts or a new website.
ABC News reported:
[Infowars] media platform and its assets will be sold off piece by piece in auctions this fall to help pay the more than $1 billion he owes relatives of victims of the Sandy Hook Elementary School shooting, under an order expected to be approved by a federal judge.
U.S. Bankruptcy Judge Christopher Lopez in Houston said during a court hearing Tuesday that he will approve the auctions that start in November. But he said he first must change a previous order to make it clear that the trustee overseeing Jones’ personal bankruptcy case controls all the assets of Infowars parent company Free Speech Systems, which is owned 100% by Jones.
Despite the pending loss of his company, Jones vows to continue his talk shows through other means, possibly including a new website and his personal social media accounts. He also has suggested that Infowars’ assets could be bought by his supporters, allowing him to continue hosting his show as an employee under the Infowars brand in their home city of Austin, Texas.