Infowars Fire Sale: Jones Shuttered!

Everything Must Go! A bankruptcy trustee has been appointed in Alex Jones’ Chapter 11 bankruptcy. What does the trustee intend to do? Shut down Infowars!

This post was updated on December 5, 2024.

WATERBURY, CONNECTICUT – SEPTEMBER 21: InfoWars founder Alex Jones speaks to the media outside Waterbury Superior Court during his trial on September 21, 2022 in Waterbury, Connecticut. Jones is being sued by several victims’ families for causing emotional and psychological harm after they lost their children in the Sandy Hook massacre. A Texas jury last month ordered Jones to pay $49.3 million to the parents of 6-year-old Jesse Lewis, one of 26 students and teachers killed in the shooting in Newtown, Connecticut. (Photo by Joe Buglewicz/Getty Images).

How Does the InfoWars Shutdown Work?

I’ve posted before about the issues public figures face in bankruptcy and how they relate to a standard debtor’s bankruptcy case. For example, one of my first posts was about Cardi B as a creditor in a lawsuit she won against YouTuber Tasha K, who filed for Chapter 11 bankruptcy.

Rudy Giuliani, whom I consider the gift that keeps giving as a blogger on bankruptcy, has homestead exemption issues. Giuliani also has problems with his Chapter 11 bankruptcy because the judge is seconds away from appointing a bankruptcy trustee.

Creditors have accused Giuliani of not cooperating by failing to provide financial documents and shuffling money around. The latest was that he was paying his girlfriend’s daughter’s bills.

So it’s been a wild ride with the famous and infamous when it comes to bankruptcy, and now Alex Jones’ time of financial reckoning has come.

Alex Jones Assets and Liquidation with the Appointment of the Bankruptcy Trustee

In a prior post about Jones, I referenced the liquidation of InfoWars and his conversion from Chapter 11 to Chapter 7 bankruptcy. How that works is simple enough. Let’s start with the conversion.

In bankruptcy, a case can be converted from one chapter to another. In this case, Jones, realizing he would never be able to wipe out the $1.5 billion judgment against him from the victims and their families of the Sandy Hook Elementary School Shooting, Jones filed a motion to convert from Chapter 11 to Chapter 7 bankruptcy.

However, his home would be protected because Jones lives in Texas, which has generous bankruptcy exemptions. However, as I posted on X/Twitter, Jones isn’t going anywhere, unfortunately, but how things work moving forward will change.

The InfoWars Fire Sale- The Powers of the Bankruptcy Trustee

The bankruptcy trustee will move to liquidate InfoWars’ assets. What does this mean? It means whatever assets InfoWars has are sold. Who can buy those assets? Whoever wants to and has the winning bid in an auction.

So if there are additional InfoWars shareholders that fall under one of Jones’ companies, known as Free Speech Systems, those shareholders can buy out the bankruptcy trustee.

My concern is that Jones gets hired as an “independent contractor” and gets paid via a 1099, which would prevent his wages from being garnished.

Of course, once a paycheck is deposited into his bank account, those funds aren’t protected, but no doubt Jones will attempt to be judgment-proof to prevent paying the judgment from the Sandy Hook Elementary School lawsuit.

What Else Can Alex Jones Do?

Jones does have the option to open another company to continue to spread his conspiracy theories. For example, if the “Alex Jones Show” is a separate entity that the trustee liquidates, Jones can open a new company. That’s legal, however, the victims of the Sandy Hook School Shooting could still pursue those assets.

Any updates, I’ll be sure to post them.

See below for additional categories of interest:

• Bankruptcy
• Your Wallet

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