Alex Jones has deal to sell his Texas ranch with feral hogs to pay lawyers, Sandy Hook families
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Alex Jones has a buyer for his 127-acre game range in Texas that Jones wants to sell to pay lawyers in his ongoing bankruptcy fight, promising any sale money left after legal bills would go to Sandy Hook families who won defamation judgments against him of $1.5 billion.
“It will not only bring in slightly in excess of $2.7 million in net proceeds to the estate, but it also liquidates a nonexempt asset and eliminates the need to maintain or insure the property,” Jones’ lawyers write to the judge in federal bankruptcy court in Texas, where Jones and his Infowars merchandising broadcast business is headquartered. “In addition, it provides liquidity to his estate for administrative expenses, and if it is more than those, cash for making the initial payment to (Sandy Hook families) under a confirmed plan in this case.”
Translation: federal bankruptcy Judge Christopher Lopez should approve the ranch sale at a May 21 hearing to give Jones access to cash to continue his 17-month Chapter 11 fight, according to his attorneys.
Content retrieved from: https://www.newstimes.com/news/article/alex-jones-deal-sell-ranch-pay-lawyers-sandy-hook-19459498.php.
