Alex Jones owes $1.5bn and declared bankruptcy. So how is Infowars still running?December 8, 2022 – Media Mention
Brian Davidoff, Chair of the Bankruptcy, Reorganization & Capital Recovery Group, shared his insights regarding Alex Jones declaring personal bankruptcy, as well as with Infowars' parent company, Free Speech Systems.
Brian Davidoff, a bankruptcy attorney at Greenberg Glusker who is not advising Jones, said he was “befuddled” by Jones’s decision: “I’m not quite sure how it’s going to help him.”
In the short term, Jones is “obviously looking for the benefit of the automatic stay”, said Davidoff, referring to a powerful provision under US law that pauses any legal actions being taken against someone who files for bankruptcy (and, for now, means Jones can retain control of Infowars).
But in any event, Davidoff said, it’s unlikely that the families will get anywhere close to $1.5bn. “One of the unfortunate realities in litigation is that on one hand, you have the merits of the case. On the other hand, you have the economic realities. And it’s clear that Alex Jones’ business enterprises are essentially crumbling as a result of these claims, and their value is probably just a fraction of what they were.”