Alex Jones agrees to liquidate his assets to pay Sandy Hook families, in move that would end his ownership of Infowars

Got_Bent@lemmy.world to politics @lemmy.world – 809 points –
Alex Jones agrees to liquidate his assets to pay Sandy Hook families, in move that would end his ownership of Infowars | CNN Business
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Well, this past weekend, he talked as if it was his last show, that they were "gonna put the padlocks on the building and close us down" and that he knew they were going to do that because his powers told him so, powers from God. They even did a greatest hits with guests like Roger stone, Steve bannon, and Nick Fuentes and best of all, Flat Earth Dave (not really best of all but it was a hell of a segment). They also had actual clips of past times Alex has been, well, Alex. He also pretty clearly got drunk during the show. But this isn't the end for him. He'll just go work for his dad doing the exact same thing. As Alex has frequently said, his dad is basically his only sponsor now. So whatever happens to infowars, this isn't the end of Alex Jones. Even if it should be.

As I understand it, civil judgements are not dischargeable in bankruptcy. Even if Alex sells everything he owns, that won't be enough to pay off his share of the judgement and so any income he makes post-Infowars will be subject to garnishment.

So yeah. He'll continue making the right-wing circles, and he'll be hawking his dad's boner pills, but at least the Sandy Hook families will start getting what he owes them.

Unfortunately there are still a million ways for him to live in luxury and not have any "official" income.

Yes, but the families can keep going after him for failing to pay.

Which is probably his goal, since his entire legal strategy so far has been to delay: hope the families and/or their lawyers stop going after him due to the massive amount of time and money it would cost to keep taking him to court.

You're missing the point - they can only go after his money or his company's money. He has people around him who he could work as a minimum wage employee for (on paper), while living on "their" money.

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