Infowars host Alex Jones asks to convert bankruptcy to a Chapter 7 liquidation
SUMMARY
Alex Jones has sought to convert his bankruptcy to Chapter 7, conceding efforts to settle substantial legal debts linked to his claims about the 2012 Sandy Hook shooting. His legal team contends that reorganization isn't feasible, citing $1.5 billion defamation judgments. Chapter 7, overseen by a trustee, streamlines asset liquidation. Prior rulings deemed most defamation verdicts non-dischargeable. Despite Jones' offer of a $55 million settlement, Sandy Hook families proposed their own liquidation plan, pending court approval. Facing asset liquidation, Jones opts for a cost-efficient process. Initially filing Chapter 11, Jones now sees little benefit amid mounting legal costs.
