Alex Jones would get $520,000 salary under bankruptcy plan

Alex Jones’ media company has proposed a plan in its bankruptcy case to pay the conspiracy theorist $520,000 a year while leaving $7 million to $10 million annually to pay off creditors, including relatives of Sandy Hook shooting victims.

The Sandy Hook families won nearly $1.5 billion in lawsuits last year against the Infowars host, for his calling the 2012 shooting that killed 20 children and six educators in Newtown, Connecticut, a hoax perpetrated by crisis actors. The families also said they were harassed and threatened by Jones’ followers.

But it remains unclear how much money the Sandy Hook families will actually get from Jones and Infowars’ parent company, Free Speech Systems. Jones is appealing the verdicts and has said on his show that he has $2 million or less to his name.

Free Speech Systems, owned solely by Jones, filed a proposed reorganization plan Tuesday in its Chapter 11 bankruptcy case in Houston that predicts it will have $7 million to $10 million annually after expenses to pay creditors from 2023 to 2027. The judge in the case, which was filed last year, would determine who gets that money and how much.

A bankruptcy lawyer for Jones did not

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March 10, 2023 by ATTORNEY

U.S. Supreme Court says bankruptcy can’t nix debts for others’ frauds

  • U.S. Supreme Court says debtors unaware of fraud cannot wipe out debts
  • Case concerned sale of San Francisco home with undisclosed defects

Feb 22 (Reuters) – The U.S. Supreme Court on Wednesday ruled that individuals cannot use the bankruptcy process to wipe out debts incurred through fraud even in instances when they were not the ones who personally deceived their creditors.

The high court unanimously rejected Kate Bartenwerfer’s bid to use bankruptcy to eliminate debts stemming from a home sale in San Francisco on the grounds that she was unaware of fraudulent omissions her husband made in selling their house.

She had sought to discharge a debt owed to the buyer, Kieran Buckley, who had sued Kate and David Bartenwerfer for selling him their house while withholding information about major defects, like a leaky roof and defective windows.

But conservative Justice Amy Coney Barrett said the bankruptcy code allows someone like Kate Bartenwerfer, who was unaware of the deceit, to still be held liable as the law “turns on how the money was obtained, not who committed fraud to obtain it.”

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She noted the bankruptcy code’s bar on debtors discharging debts for money “obtained

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March 5, 2023 by ATTORNEY

Alex Jones Discloses More Guns, Moving Crypto in Bankruptcy (1)

Right-wing conspiracist Alex Jones and his lawyers told creditors involved in his bankruptcy that he has 49 firearms and donated about $7.8 million worth of cryptocurrency to his businesses.

As creditors scrutinize his assets, Jones and his lawyers also said at a meeting Thursday that he owns several Rolex watches and a bag of silver coins.

The Department of Justice’s bankruptcy watchdog, the US Trustee, and others used the meeting to ask Jones questions about personal financial statements he filed last week.

Jones’ personal bankruptcy has temporarily protected him against roughly $1.4 billion in defamation judgments. Juries have found Jones and his company, Infowars parent Free Speech Systems LLC, financially liable for spreading falsehoods about the 2012 Sandy Hook Elementary School shooting that killed 20 children and six school staffers.

Jones’ bankruptcy protects him from creditor collection efforts and other court proceedings, but he is required to disclose all of his assets and business activities.

Last week, Jones disclosed that he has been “holding firearms” for people who participated in the Jan. 6 attack at the US Capitol.

US Trustee Jayson Ruff on Thursday told Jones that he needs to better describe his personal and household items.

“It needs to

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March 4, 2023 by ATTORNEY

Warner Bros. Discovery Regional Sports Networks May File For Chapter 7 Bankruptcy

The steady decline of cable networks, both basic and regional sports networks, has been apparent in recent years as cord cutting and cord shaving have been key themes amongst consumers. Although there have been a slew of indie cable nets that have gone dark in recent years, major cable networks and regional sports networks (RSNs) have seemed able to weather the storm until Friday when The Hollywood Reporter stated that Warner Bros. Discovery (WBD) is exiting the RSN business.

However, it won’t do so in the usual way—via putting the channels on the market and selling them to the highest bidder. Rather, WBD reportedly sent a letter to the owner of teams that it airs on its four RSN subsidiaries do not have the money to pay upcoming rights fees and WBD will not fund any shortfalls. WBD has proposed handing control of the RSNs over to the teams and leagues, or putting them into Chapter 7 bankruptcy.

It owns three AT&T SportsNet channels in Denver, Houston & Pittsburgh with a minority interest in Roots Sports in Seattle (with the Mainers owning the other

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March 2, 2023 by ATTORNEY

Chris Pettit wants trial postponed to negotiate possible plea deal

U.S. District Judge Orlando Garcia agreed Monday to reset the trial to May 22 from March 20 after Pettit’s attorney asked for a 90-day delay.

Mathew T. Allen, Pettit’s defense lawyer, said in a court filing last week that he needed the extra time to review “the voluminous” amount of documents filed in the case. But he also wanted more time “to have thorough and adequate negotiations (with prosecutors) in an attempt
to resolve this matter
without a trial.”

Last month, the judge agreed to push back the trial’s Feb. 13 start date by five weeks after Allen said he needed more time to review the material in the case.

On ExpressNews.com:

Chris Pettit’s forgotten clients: He settled lawsuits for Latino clients who didn’t get their money

Allen didn’t respond to a request for comment Monday.

Garcia set a May 11 deadline for the parties to notify the court of any plea agreement. If no deal is reached, a pretrial conference will be held May 18.

A grand jury indicted Pettit, 55, in December on five counts of wire fraud and three counts of money laundering, charges that could land him in prison for years if convicted. He has

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February 28, 2023 by ATTORNEY
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