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LetMyPeopleVote

(155,158 posts)
5. This is from the article cited in the OP
Mon Aug 1, 2022, 03:33 PM
Aug 2022

This is another bankruptcy scam by Jones

That lawyer, Avi Moshenberg, told The Texas Tribune the filing’s timing is significant because he believes Jones hopes to declare bankruptcy as a small business, with limited debt, prior to the culmination of the current trial. The damages awarded would drastically increase the company’s debt, and eliminate the possibility of filing for bankruptcy as a small business.

“There's all sorts of protections that are supposed to be designed for a swift, quick bankruptcy with not a lot of oversight — the kind of oversight you’d see in a normal bankruptcy — because it's designed for small businesses,” Moshenberg said. He believes that Free Speech Systems hopes to take advantage of that lack of oversight.

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