A bankruptcy judge is set to hear arguments Monday in conspiracy theorist Alex Jones ’ effort to stop the satirical news outlet The Onion from buying Infowars and turning it into a parody.
Jones alleges fraud and collusion marred the bankruptcy auction in which The Onion was named the winning bidder on Nov. 14 over a company affiliated with him.
It’s not clear how soon U.S. Bankruptcy Judge Christopher Lopez in Houston will issue a ruling. He could allow The Onion to move forward with the sale, order a new auction or name the other bidder as the winner. At stake is whether Jones gets to stay at Infowars’ studio in Austin, Texas, under a new owner friendly to him, or whether he gets kicked out by The Onion.
But it isn’t even a lower payment!
The only reason the business is being auctioned is to pay down his debts to his creditors. The onion bid reduces his debt more because some of the creditors are reducing the IOU they got in addition to the cash from the onion.
The net effect is a greater reduction in the amount Jones owes by taking the onion bid even though there is less cash.
Jones could have avoided such an insane judgment by working in good faith with the courts, but this turd was wildly contemptuous throughout, leading to liability by default in the separate cases.
He also could have avoided it by not being a malicious lying sack of shit.
That’s not possible, though.
He could at least try.
I sincerely doubt he could.