Right-wing conspiracy theorist Alex Jones speaks to the media after arriving at the federal courthouse for a hearing in front of a bankruptcy judge Friday, June 14, 2024, in Houston.
It wasn’t immediately clear what will happen to Free Speech Systems, which is Infowars’ parent company. Jones has about $9 million in personal assets, while his company has about $4 million in cash on hand, according to the most recent financial filings in court. Jones and Free Speech Systems initially filed for bankruptcy reorganization protection that would have allowed him to run Infowars while paying the families with revenues from his show. But the two sides couldn’t agree on a final plan, and Jones recently filed for permission to switch his personal bankruptcy from a reorganization to a liquidation.
If Free Speech Systems’ case is dismissed, the company could return to the same position it was in after the $1.5 billion was awarded in the lawsuits. Efforts to collect the damages would go back to the state courts in Texas and Connecticut. That could give Infowars an extended lifeline as collection efforts played out.