Birdwatch Note Rating
2024-09-25 08:05:26 UTC - NOT_HELPFUL
Rated by Participant: 72FAD1952D95256BCA81A4B711B75FDCB03986586589F1B9369AFD9A52F0F390
Participant Details
Original Note:
Judge Lopez is allowing Alex Jones’s Infowars (Free Speech Systems LLC) to be auctioned off at Jones' request (NOT FORCED). Jones filed to convert the Chapter 11 bankruptcy to Chapter 7 (i.e., liquidation). https://storage.courtlistener.com/recap/gov.uscourts.txsb.459750/gov.uscourts.txsb.459750.684.0_6.pdf https://www.reuters.com/world/us/alex-jones-asks-convert-his-bankruptcy-chapter-7-liquidation-2024-06-06/#:~:text=Chapter%207%20liquidation%20allows%20streamlined%20procedure%20for%20selling%20assets https://www.pbs.org/newshour/nation/alex-jones-seeks-permission-to-convert-his-personal-bankruptcy-into-a-liquidation#:~:text=Conspiracy%20theorist%20Alex,Elementary%20School%20shooting https://www.bbc.com/news/articles/c4nnpyxvnxno#:~:text=Mr.%20Jones%20has%20asked%20the%20court%20to%20convert%20his%20previous%20personal%20Chapter%2011%20bankruptcy%20claim%20to%20Chapter%207%2C%20which%20would%20allow%20the%20media%20personality%20to%20sell%20any%20assets%20rather%20than%20try%20to%20restructure%20his%20finances Chapter 7 is selling assets to pay creditors. https://www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/chapter-7-bankruptcy-basics#:~:text=This%20chapter%20of%20the%20Bankruptcy%20Code%20provides%20for%20%22liquidation%22%20%2D%20the%20sale%20of%20a%20debtor%27s%20nonexempt%20property%20and%20the%20distribution%20of%20the%20proceeds%20to%20creditors https://www.irs.gov/businesses/small-businesses-self-employed/chapter-7-bankruptcy-liquidation-under-the-bankruptcy-code#:~:text=A%20Chapter%207%20Trustee%20is%20appointed%20to%20convert%20the%20debtor%E2%80%99s%20assets%20into%20cash%20for%20distribution%20among%20creditors https://www.experian.com/blogs/ask-experian/what-is-chapter-7-bankruptcy/#:~:text=A%20Chapter%207%20bankruptcy%20is%20also%20called%20a%20liquidation%20bankruptcy%20because%20you%20have%20to%20sell%20nonexempt%20possessions%20and%20use%20the%20proceeds%20to%20repay%20your%20creditors https://en.wikipedia.org/wiki/Chapter_7,_Title_11,_United_States_Code#:~:text=In%20a%20Chapter%207%20bankruptcy%2C%20the%20trustee%20is%20appointed%20almost%20immediately%2C%20with%20broad%20powers%20to%20examine%20the%20finances%20of%20the%20business%20in%20bankruptcy%3B%20generally%2C%20the%20trustee%20sells%20the%20assets%20and%20distributes%20the%20money%20to%20the%20creditors
All Note Details