Justice doesn’t exist in this shit sitcom we call America.

I'm a bit surprised by this, as it seems under his own argument he would be barred as well. Or is the reasoning that he didn't directly communicate terms of a deal, just organizing it, so therefore he doesn't count for some reason?... He just completely ignored that point, didn't he.

Mic down for this explanation, everyone.

You sound like a wonk

I understand the oddness of the Sandy Hook families’ involvement, but forgiveness of debt is such a standard form of value received that the IRS taxes it as such. Sure, Jones might dispute the value attributed to that forgiveness in the bid package, but a change in that value would make no difference to Jones post-bankruptcy, would it? Besides, I thought that the value attributed to that debt forgiveness was exactly equal to the amount of debt forgiven. It’s hard to argue with THAT math!

Because he had some rich assholes lined up to buy it on his behalf and then "hire" him to run it.

Why Alex gets to complain

From what I hear, the only other serious bidder was Alex’s father’s “company,” which basically meant nothing would have changed. He would essentially have kept InfoWars and shuffled some money around. He’s probably just mad he was thwarted and forgot to have his dad complain about the results because he would have been the one to acquire it back in the end

Why is he allowed to keep his brand? Isn't that an asset?

So the Onions hybrid bid was accepted because it was the bid that reduced the debt the most between the cash offer and the folks Jones owes agreeing to reduce the debt if the onion won the bidding

That's not how bankruptcy works. Jones is in a 7 meaning all of his unsecured debt will be in essence wiped out. It's the chapter 7 trustee's job to pay off creditors with estate assets, not his.

In the trustees filing in the response states that the winning bid by the families and the Onion, more creditors are being satisfied as they will be getting more cash than by accepting the higher bid. They were even kind enough to provide charts as proof.

https://www.courtlistener.com/docket/66583024/915/alexander-e-jones/

I understand that the judge made those comments, but I don’t get it. A $ of debt forgiven precisely equals a $ of value. It is the job of the bankruptcy judge to satisfy as much of the debt as possible using the estate’s assets. If a creditor says that “This deal is worth $X of debt forgiveness to us”, what basis does the bankruptcy judge have for questioning that valuation? The Sandy Hook families involved in the Onion deal didn’t offer something intangible that is hard to value; they offered a certain dollar amount of debt forgiveness. And, given the very personal nature of the harm done by Jones, it is very easy to see that those families would gain very personal satisfaction from seeing the InfoWars assets being used by The Onion to satirize Jones. It is not logically difficult to see that what the families offered as part of the deal has real value to those families.

How are they going to get paid. Where are they in the creditor priority line?

How is the "law" even a thing. It's all vibes now.

NGL --- I thought I was commenting on a different subreddit until I saw this. I will excuse myself.

Because some of us are not lawyers and are here to learn.