Jones technically has not controlled the Infowars business for some time, given that Free Speech Systems has also filed for bankruptcy protection. The company’s business has, thus, been under the supervision of a court appointed restructuring officer.
A hearing is scheduled for next Friday, June 14th to determine the fate of Free Speech Systems’ bankruptcy.
But regardless of what happens in that case, June 6th’s legal move sets the stage for a court-appointed trustee to liquidate Jones’ personal assets, which includes his stake in Infowars.
The liquidation of Jones’ assets does not mean that Infowars will cease to exist. Several outcomes are possible. The court-appointed trustee could sell the business to another owner, for instance.