Alex Jones’ Business Entities Agree to Drop Bankruptcy Filing Following Sandy Hook Verdict

After learning of the unfavorable verdict that was reached in the Sandy Hook defamation lawsuits, Infowars founder Alex Jones responded by filing for Chapter 11 bankruptcy. Before the judge presiding over the case had the opportunity to list the damages Jones would be responsible for paying the Sandy Hook shooting victims, it appears he attempted to “shield his assets from liability,” reports Reuters (1), by seeking bankruptcy protection.

Jones filed for Chapter 11 bankruptcy back in April 2022 and it has recently come to light that his companies agreed to dismiss the bankruptcy case at the beginning of June 2022.

Why are Alex Jones’ companies dismissing the Chapter 11 bankruptcy case?

After the families involved in the Sandy Hook defamation case caught word that Jones had filed for bankruptcy following the court’s ruling that he would be required to pay damages, they were outraged. In fact, the U.S. Trustee accused Jones of using the Chapter 11 bankruptcy as a way “to protect [his] personal wealth ahead of trials to determine how much he owes in damages for the defamation judgments,” shared Reuters.

Although Jones’ lawyers have denied the allegations, his companies have agreed to not proceed with bankruptcy. Prior to the decision being made, the families involved in the defamation lawsuits reportedly decided to drop Jones’ companies as defendants, which means the Jones would solely be liable for compensating the victims.

Is filing for bankruptcy in Alabama a good decision following a lawsuit?

Many creditors today are turning to the legal system in an effort to collect unpaid debt. Credit card companies and other types of lenders are using civil lawsuits as a way to get debtors to repay them some or all of the money that is owed. If you were named as a defendant in a lawsuit involving a creditor, bankruptcy can put the lawsuits on pause.

Although bankruptcy shouldn’t be utilized to avoid paying a creditor, especially if you have the funds to repay them, it can help get the debt erased if your bankruptcy petition is approved and your debt qualifies for discharge. If you’d like to learn more about how bankruptcy can protect you from civil lawsuits filed on behalf of your creditors, start searching for a local Alabama bankruptcy lawyer near me.

The Pell City, AL bankruptcy attorneys at Hill, Gossett, Kemp & Hufford, P.C. would be happy to explain the protections bankruptcy offers and even review your current circumstances to determine if you make for a good candidate. Contact Hill, Gossett, Kemp & Hufford, P.C. today for an initial consultation and to find out if a Pell City, Alabama bankruptcy lawyer is the professional you need that can help you get a handle on your debt.

Disclaimer: No representation is made that quality of legal services provided is greater than the quality of legal services provided by other attorneys.

Hill, Gossett, Kemp & Hufford, P.C. can be reached at:

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Moody, Alabama 35004

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