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EXPLAINER: What does Infowars' bankruptcy filing mean? - KSTP.com Eyewitness News

Infowars has filed for Chapter 11 bankruptcy protection as the websiteโ€™s founder and conspiracy theorist Alex Jones faces defamation lawsuits over his comments that the Sandy Hook Elementary School shooting was a hoax. The bankruptcy filing in Texas puts civil litigation on hold while the business reorganizes its finances. In the court filing Sunday, Infowars says it has estimated assets of $50,000 or less and estimated liabilities of $1 million to $10 million. Creditors listed in the bankrupt...
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Source: kstp.com

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The NRA says it's moving to Texas. Bankruptcy experts say it may be more of a legal move than a physical one.

The NRA says itโ€™s moving to Texas. Bankruptcy experts say it may be more of a legal move than a physical one. Texas Tribune Updated:ย  Tags:ย  The National Rifle Association filed Chapter 11 bankruptcy Friday and said it would eventually reincorporate in Texas โ€” a move experts say is a legal maneuver to escape an aggressive lawsuit being pursued by the New York attorney general. Officials in Texas โ€” which is known as both a gun-friendly and debtor-friendly state โ€” welcomed the NRAโ€™s a...
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