(PatriotWise.com) — A Houston bankruptcy judge on Monday allowed the media company owned by Alex Jones to continue operating for two weeks longer to allow for time to decide whether to liquidate his assets.
Jones spent the weekend warning his fans that his company, Free Speech Systems, was about to be shut down by the government because of his bankruptcy.
The conspiracy theorist and his company filed for bankruptcy reorganization after Jones was ordered to pay $1.5 billion to the families of the Sandy Hook shooting victims. The families sued Jones for defamation over his claims that the school shooting was a “hoax.”
On June 2, the families filed an emergency motion to liquidate Free Speech Systems rather than reorganizing it, arguing that Jones had made little progress in showing how he planned to pay the judgments.
Bankruptcy Judge Christopher Lopez said on Monday he would address the families’ motion on June 14, when he will likely decide whether Jones must liquidate assets.
Throughout the weekend, Jones held a series of “emergency broadcasts,” informing his fans that Free Speech Systems could be shut down at any time by the bankruptcy court and the federal government. He even urged his supporters to come to his Austin, Texas, studio and form a human chain to protect it.
Jones also attacked the restructuring officer appointed by the court over an ongoing dispute.
The officer is charged with overseeing Free Speech Systems and the nutritional supplement company PQPR Holdings Limited, which is mostly owned by the broadcaster.
Stephen Lemmon, the lawyer for the supplement company, told the judge in the June 3 hearing that PQPR opposed allowing Free Speech Systems to remain in operation until June 14. The lawyer claimed that Jones was not cooperating in the bankruptcy talks.
Lemmon told Judge Lopez that PQPR believed that it would be better if Free Speech Systems “just gets shut down right now.”
The attorney representing the families accused Jones of creating a crisis over the threat of being shut down, arguing that the current dispute was between Free Speech Systems and PQPR.
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