Alex Jones seeks court permission to convert bankruptcy reorganization to liquidation
Conspiracy theorist Alex Jones is seeking court permission to convert his bankruptcy reorganization to a liquidation to pay $1.5 billion he owes Sandy Hook families. Jones faces challenges in resolving the cases, with a court hearing scheduled for June 14 to decide on the matter.
Key Points
- Jones owes $1.5 billion to Sandy Hook families for defamation related to the 2012 shooting
- Jones filed for bankruptcy reorganization but is now seeking to convert it to liquidation
- Jones' bankruptcy lawyers have not responded to inquiries regarding the situation
- The Sandy Hook families are pushing for meaningful accountability from Jones
- A court hearing is scheduled for June 14 to decide on the conversion of bankruptcy cases
Pros
- Jones may be able to pay off some of the $1.5 billion owed to Sandy Hook families
- Proceeds from liquidation could go towards compensating creditors
Cons
- Liquidation may result in Jones having to sell off a large portion of his assets
- Jones' financial statements show only a fraction of what he owes is covered by his assets