Alex Jones arrives at the federal courthouse for a hearing in front of a bankruptcy judge on Friday, June 14, 2024, in Houston. The judge ordered the liquidation of Jones ′ personal assets to pay the judgments in the Sandy Hook cases. ′ personal assets but dismissed his company’s separate bankruptcy case, leaving the future of his Infowars media platform uncertain as he owes $1.
One scenario could be that the company and Infowars are allowed to keep operating while efforts to collect on the $1.5 billion debt are made in state courts in Texas and Connecticut, where the families won lawsuits against Jones, according to lawyers involved with the case.Another scenario is that lawyers for the Sandy Hook families go back to the bankruptcy court and ask Lopez to liquidate the company as part of Jones’ personal case, because Jones owns the business, lawyers said.
Jones has about $9 million in personal assets, according to the most recent financial filings in court. Free Speech Systems, which employs 44 people, has about $6 million in cash on hand and about $1.2 million worth of inventory, according to J. Patrick Magill, the chief restructuring officer appointed by the court to run the company during the bankruptcy.
The families in the Connecticut lawsuit, including relatives of eight dead children and adults, asked that Free Speech Systems’ bankruptcy case also be converted to a liquidation. But the parents in the Texas suit — whose child, 6-year-old Jesse Lewis, died — want the company’s case dismissed.