Bankruptcy Judge Rules Alex Jones Must Liquidate Personal Assets To Pay Sandy Hook Families
A federal bankruptcy judge in Texas ruled Friday that Infowars founder Alex Jones must liquidate personal assets to pay families of victims of the Sandy Hook shooting, rejecting Jones’ proposed bankruptcy plan for Infowars’ parent company, Free Speech Systems. Presiding Judge Christopher Lopez ordered Jones to liquidate his personal assets to pay $1.5 billion in […]
Rudy Giuliani misusing money meant for bankruptcy case to pay salaries of girlfriend, her daughter: creditors
New court documents claim that Rudy Giuliani misused funds set aside for his bankruptcy to pay the salaries of his girlfriend and her daughter. A group of creditors who owe the former New York City mayor more than $150 million are asking a judge to immediately appoint a receiver to manage his estate “to protect […]
Milwaukee Bucks co-owner wants to save Red Lobster from bankruptcy
A Wall Street investment firm run by billionaire Milwaukee Bucks co-owner Wesley Edens could step in to save Red Lobster from bankruptcy, according to reports. Fortress Investment Group, a $48 billion private equity firm that specializes in restructuring distressed companies, is the most likely to take over the embattled casual-dining chain as it seeks to […]
Alex Jones seeks permission to convert his personal bankruptcy into a liquidation
Conspiracy theorist Alex Jones is asking the court for permission to convert his bankruptcy reorganization into a liquidation, which would allow him to sell off most of his assets to partially repay the $1.5 billion he owes the families of the victims of the Sandy Hook Elementary School shooting. Jones and his media company, Free […]
Alex Jones to Convert his Bankruptcy into Chapter 7 Liquidation to Pay Sandy Hook Families
Radio host Alex Jones on Thursday asked a U.S. court to convert his bankruptcy to a Chapter 7 liquidation proceeding, abandoning efforts to settle a huge legal judgment related to comments he made about the 2012 Sandy Hook Elementary School shooting. Reuters Report Jones believes there is “no prospect of a successful restructuring” of the […]
Red Lobster Could Close Another 135 Restaurants After Filing for Bankruptcy
Red Lobster faces having to close more than 100 more restaurants if it can’t renegotiate rents for its buildings for cheaper prices, court documents show. The seafood chain abruptly closed 93 of its roughly 700 locations in May and filed for Chapter 11 bankruptcy protection, after which it said 135 locations were “at risk of […]
Flavor Flav orders ‘whole menu’ at Red Lobster amid bankruptcy woes
Call him the flavor savior. Flavor Flav expressed his unwavering support for the struggling Red Lobster on Wednesday after the chain filed for bankruptcy. “I meant it when I said I’d do anything to help Red Lobster and save Cheddar Bay Biscuits,” the 65-year-old hip-hop legend said. Share with X Monday. “I ordered everything on […]
Mohamed Hadid claims he’s the ‘victim’ in bitter feud with lender after filing fifth bankruptcy
Cash-strapped real estate developer Mohamed Hadid Celebrity Jonathan Hadid, father of supermodels Gigi Hadid and Bella Hadid, claims he is the “victim” of unscrupulous lenders after filing for bankruptcy over a prized California property, The Washington Post has learned. Hadid, who made a cameo appearance on “The Real Housewives of Beverly Hills” with her ex-wife […]
Romance Writers of America files for bankruptcy amid racism spat
See what’s clicking on FoxBusiness.com Hang up the ripped bodice, tell Fabio the bad news, and call the lawyers: The National Association of Romance Writers of America, a nonprofit that helps romance authors build their careers, is heading to bankruptcy court. Like many romantic troubles, the trouble started at a hotel — specifically, the hotel […]
WeWork cleared to exit bankruptcy as it moves on from Adam Neumann
A U.S. bankruptcy judge on Thursday approved WeWork’s Chapter 11 bankruptcy plan, allowing the shared office space provider to eliminate $4 billion in debt and transfer its shares to a group of lenders and real estate technology company Yardi Systems. WeWork used its bankruptcy to negotiate significant reductions in its future rent costs with its […]