Alex Jones' media company has proposed a plan in its bankruptcy case to pay the conspiracy theorist $520,000 a year while leaving $7 million to $10 million annually to pay off creditors, including relatives of Sandy Hook shooting victims.
FILE - Infowars founder Alex Jones appears in court to testify during the Sandy Hook defamation damages trial at Connecticut Superior Court in Waterbury, Conn., Sept. 22, 2022. On Tuesday, March 7, 2023, Free Speech Systems, Jones' media company, proposed a plan in its bankruptcy case to pay the conspiracy theorist $520,000 a year while leaving $7 million to $10 million annually to pay off creditors, who include relatives of victims of the Sandy Hook school shooting.
FILE - Infowars founder Alex Jones appears in court to testify during the Sandy Hook defamation damages trial at Connecticut Superior Court in Waterbury, Conn., Sept. 22, 2022. On Tuesday, March 7, 2023, Free Speech Systems, Jones' media company, proposed a plan in its bankruptcy case to pay the conspiracy theorist $520,000 a year while leaving $7 million to $10 million annually to pay off creditors, who include relatives of victims of the Sandy Hook school shooting.
But it remains unclear how much money the Sandy Hook families will actually get from Jones and Infowars’ parent company, Free Speech Systems. Jones is appealing the verdicts and has said on his show that he has $2 million or less to his name.Chapter 11 bankruptcy case in Houston that predicts it will have $7 million to $10 million annually after expenses to pay creditors from 2023 to 2027. The judge in the case, which was filed last year, would determine who gets that money and how much.A bankruptcy lawyer for Jones did not respond to an email message Tuesday. Lawyers in Texas and Connecticut for the Sandy Hook families declined to comment.
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