A jury finds Infowars conspiracy theorist Alex Jones must pay $45.2 million in punitive damages

[BumRushDaShow]

30. The first time he had his company attempt to declare bankrupty

a court pooh-poohed it and then DOJ started making waves -

InfoWars to Dismiss Bankruptcy After Deal With DOJ Watchdog (1)
June 2, 2022, 4:08 PM; Updated: June 2, 2022, 5:08 PM

InfoWars and two affiliates tied to right-wing radio host Alex Jones struck a deal with the Justice Department to dismiss their bankruptcy cases pending in Texas.

Jones was criticized for abusing the bankruptcy system by having his companies file for bankruptcy in April to limit their liability after a defamation judgment against him and InfoWars for making false statements about the Sandy Hook Elementary School shooting. Jones and his main company with assets, Free Speech Systems LLC, didn’t file for bankruptcy.

The bankrupt companies’ chief restructuring officer “determined that it is in the best interest of the debtors’ estates and their creditors not to continue the Chapter 11 cases in light of the dismissal with prejudice of the Debtors from the lawsuits against them by the Texas and Connecticut plaintiffs,” according to the stipulationfiled Wednesday in the U.S. Bankruptcy Court for the Southern District of Texas.

The stipulation was signed by the debtors, a trustee overseeing the case, and the U.S. Trustee, which is the Justice Department’s bankruptcy watchdog. After Jones sought bankruptcy for his companies, the Sandy Hook victim families who sued him in Connecticut and Texas for defamation responded by dismissing his three bankrupt companies from their lawsuits.

(snip)

https://news.bloomberglaw.com/bankruptcy-law/infowars-to-dismiss-bankruptcy-after-deal-with-justice-department

But then he recently came back to have the parent company of InfoWars (going up one level) "Free Speech Systems LLC", file and that is being contested -

August 3, 2022
8:37 PM EDT
Last Updated 2 days ago

Sandy Hook parents seek to stop InfoWars bankruptcy payments to Alex Jones
By Dietrich Knauth



Aug 3 (Reuters) - Parents of children killed in the 2012 Sandy Hook school massacre urged a U.S. bankruptcy judge on Wednesday not to allow the parent company of far-right website InfoWars to send any money to its founder, conspiracy theorist Alex Jones, or his companies until they have an opportunity to get to the bottom of InfoWars' finances.

As a jury deliberates in Austin, Texas, over how much Jones must pay two parents for his false claims that the deadly shooting was a hoax, families of Sandy Hook victims who have sued Jones for defamation in that trial and others who have sued in Connecticut warned a bankruptcy judge in Houston that Jones might continue to pull assets from InfoWars parent company Free Speech Systems LLC while using its bankruptcy case to avoid paying court judgments in the defamation cases.

Marty Brimmage, an attorney for the Sandy Hook parents, told U.S. Bankruptcy Judge Christopher Lopez in Houston on Wednesday that Jones had told his audience that the bankruptcy would "tie up" any defamation judgment for years.

(snip)

https://www.reuters.com/business/media-telecom/sandy-hook-parents-seek-stop-infowars-bankruptcy-payments-alex-jones-2022-08-03/

So don't know how this is going to work out (or even whether he attempts to final personal bankruptcy for himself).