Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Latest Breaking News
In reply to the discussion: Alex Jones must pay $1.1 billion of Sandy Hook damages despite bankruptcy - court [View all]Chi67
(1,082 posts)8. Never say never
It may not be $1 billion, but he will have to pay quite a bit eventually:
Without that cash, Jones will be forced to hand over his personal assets, according to bankruptcy attorney Brian Davidoff, who notes that there are some state exemptions. At least one of Jones properties will likely be protected by Texas Homestead Law, which prevents creditors from seizing certain properties to prevent homelessness. If hes got five homes, not all of them are going to qualify [for an exemption], says Davidoff. Apart from those covered by the exemptions, all the other assets will be available for the judgment. As for the home Jones transferred to his wife, that too could be seized by creditors if a court decides that it was a fraudulent transfer made intentionally to avoid creditors.
https://www.forbes.com/sites/jemimamcevoy/2022/10/13/alex-jones-likely-doesnt-have-1-billion-he-does-own-five-homes-in-texas-though/?sh=30d79e4d426b
https://www.forbes.com/sites/jemimamcevoy/2022/10/13/alex-jones-likely-doesnt-have-1-billion-he-does-own-five-homes-in-texas-though/?sh=30d79e4d426b
Edit history
Please sign in to view edit histories.
35 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
Alex Jones must pay $1.1 billion of Sandy Hook damages despite bankruptcy - court [View all]
Eugene
Oct 2023
OP
It will never happen. But, hopefully it means that he won't retire in luxury.
Oopsie Daisy
Oct 2023
#7
It will offer protection of your primary residence IF you own it free and clear
ToxMarz
Oct 2023
#25