Alex Jones' Future Assets Targeted by Creditors
Lawyers pursuing Alex Jones due to a $1.4 billion judgement in favor of Sandy Hook families have requested a Texas court to assign a receiver to oversee assets he obtained after his recent Chapter 7 bankruptcy conversion. This action aims to manage any new 'non-exempt' assets or ventures that Jones might establish in the future. If the receiver determines that Jones' name, as a business or brand, holds value, they could seize control of any profits or business activity generated under it to pay off the debt.
Jones discussed the situation on Friday:
Breaking exclusive! The democrats have launched a new attempt to take me off the air and shut down INFOWARS on October 18th! The deep state is openly planing to trigger a civil war if Trump is reelected and wants my show off air so I can’t expose their plans! pic.twitter.com/DpGl0olTO6
— Alex Jones (@RealAlexJones) October 4, 2024
Breaking! Democrat Party Lawyers Have Filed In Texas State Court To Appoint A Receiver Over Alex Jones The Person, Literally Repealing the 13th Amendment's Outlawing Of Indentured Servitude and Slavery.
Alex Jones is LIVE on air right now, laying out a battle plan to stop the… pic.twitter.com/LddfhMhmZa
— Alex Jones (@RealAlexJones) October 4, 2024
Non-exempt Assets and Their Implication
Non-exempt assets refer to properties and income streams that are not covered by bankruptcy protection. In Jones' situation, this could encompass future earnings from personal appearances, revenue from digital content, or any new business initiatives started after the conversion of his bankruptcy case from Chapter 11 to Chapter 7.
As of this writing, Jones has managed to raise just under $80,000 in a GiveSendGo campaign to cover his legal expenses.
InfoWars' Response
In response to the situation, InfoWars issued the following statement:
As President Trump has rightly stated hundreds of times, “They’re not after me, they’re after you—I’m just in the way, ” when you stand with Alex Jones in the face of the globalist onslaught you are standing up not only for yourself but your family, your country, and God.
Again, your desperately needed donations will fund Alex Jones’ legal defense and expenses associated with staying on the air that are essential to him being able to stay on the air regardless of what happens to InfoWars.
We the people have turned the tide but evil is striking back. Without your support the enemies of humanity will win.
Thank you,
Alex Jones & Crew
* * *
See the filing below:
Bottom Line
This case involving Alex Jones' future assets is a complex one, with potential implications for how bankruptcy and debt repayment are handled. It raises questions about the extent to which a person's future earnings and business activities can be targeted to satisfy a debt. What are your thoughts on this situation? Do you think it's fair for Jones' future assets to be targeted in this way? Share your thoughts and this article with your friends. Don't forget to sign up for the Daily Briefing, which is delivered every day at 6pm.
