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Agents are GO! posted:Seriously, bankruptcy court has been around a long time, Alex Jones isn't competent enough to think of anything they haven't seen a thousand times before.
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Apr 4, 2023 04:51
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cowboy
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Volmarias posted:Let me ask this way: let's say that suddenly AJ ends up with $100K of cocaine up his nose from no clear source. No getting that back. What happens now? his heart would probably explode
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Apr 4, 2023 04:52
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Jones has not displayed any sort of cunning that supports these hypotheticals. His idea of a foolproof asset protection scheme was to "owe" money to a company wholly owned by his parents. And if he somehow gets enough money that it completely disappears up his nose without anyone knowing, that'd be the subtlety that Jones is not known for.
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Apr 4, 2023 05:16
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Volmarias posted:Let me ask this way: let's say that suddenly AJ ends up with $100K of cocaine up his nose from no clear source. No getting that back. What happens now? and there's a listing for a corporation that, as far as the report writers can tell, is just a misspelling of a different corporation? i'm just saying i don't think he's a criminal mastermind that's going to pull out a foolproof hail mary at the perfect time also, with any crime, if you destroy the evidence you get away with it. in your hypothetical how do the authorities know about the coke?
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Apr 4, 2023 05:47
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I think the question is what happens if Alex throws all of the money he can get is hands on into a volcano along with al of his earthly belongings? So he literally has zero assets. Will he somehow be in more trouble?
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Apr 4, 2023 05:52
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Volmarias posted:Let me ask this way: let's say that suddenly AJ ends up with $100K of cocaine up his nose from no clear source. No getting that back. What happens now? I think I get what you mean. Like what if he's supposed to be living a humble and ordinary lifestyle but he keeps finding cash and spending it irretrievably before the collectors can get to it. He goes downtown and "happens to run into a fan" who loves him so much he hands him $1000 cash and Jones turns and goes directly to a steakhouse and spends it on a meal. I mean I guess nobody's going to be standing there waiting to slap the fork out of his mouth.
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Apr 4, 2023 06:02
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Pirate Radar posted:I mean I guess nobody's going to be standing there waiting to slap the fork out of his mouth. For 1 billion in debts and the crime of being Alex "astronomical rear end in a top hat" Jones, there should be. Like, I want the court to hire some dude to go everywhere with him carrying a sign, warning passersby what a colossal loving rear end in a top hat he is and encouraging people to boo and jeer every time he opens his loving mouth.
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Apr 4, 2023 07:06
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There are limits on how much someone can "burn" money in an irretrievable way (spend it on something consumable like food/drugs or a spontaneous event of some kind), and while Alex could well be petty enough to do something like that, anything of actual significance isn't the kind of thing he can get away with before being intercepted. Like he could probably blow a few hundred at a bar or restaurant if he got his hands on cash somehow, but he couldn't buy a new fancy car or watch, at least not without it being seized eventually.Stefan Prodan posted:drat do they really take your pets in bankruptcy I think a rough rule of thumb is that a bankruptcy court isn't going to seize anything if they can't somehow flip it in a way that makes money. Remember they're not operating punitively, they just need money from you somehow to repay your creditors, so the only stuff they'll take from you is stuff that'll have some theoretical value to a total stranger at a bankruptcy auction (e.g. they're not going to take your family photo albums). Now, again, since this is the government it doesn't necessarily care about making a profit, so they'll take something that's almost worthless from you because they might be a few dollars or even pennies for it. However, when you can just roll up to an animal shelter and get a dog for free (and where the government has to pay to maintain the animal until they resell it) I think that makes pets an unlikely target of seizure unless they're some young specialty breed that's ordinarily very expensive. But in some jurisdictions you might have to hedge your bets a little, I mentioned before but in a normal bankruptcy where you're "done" owing poo poo once the bankruptcy is settled, you can shortlist a few items that have value to make them immune from seizure. It's basically so you can do things like, say, "this pearl necklace has been in my family for generations" and also to leave you with a few things (because they know a total cleanout isn't good for rehabilitation). This is what's listed in the filing that Alex is trying to keep in this sense. Homestead household goods 17,940 Per Appraisal Expedition 21,463 Kelly Blue Book Clothes 300 Per appraisal Cat 200 Internet search results Stacatto XC 9MM handgun 2500 Internet search results Falcor Petra 300WinMag 22" rifle 3000 4000 new Tudor Genva Chronometer 3000 Per Appraisal Tag Huer Aquaracer 2000 Per Appraisal Total 50,403 AEJ Homestead Exemption 1,633,000.00 Zillow So one property, one vehicle, two firearms, two fancy watches, the cat, some generic clothes, and whatever constitutes household goods. univbee fucked around with this message at 11:26 on Apr 4, 2023 |
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Apr 4, 2023 11:21
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lol those are some lovely rear end watches for someone with his money.
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Apr 4, 2023 12:03
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Those guns aren’t worth that much. I mean maybe they sell for that much (I have no idea) but they’re not worth that much.
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Apr 4, 2023 12:39
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Pirate Radar posted:Those guns aren’t worth that much. I mean maybe they sell for that much (I have no idea) but they’re not worth that much. Whatever someone will pay for something is what it is worth.
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Apr 4, 2023 13:30
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There was another filing that detailed the transfer of his meathead muscle cars to his dad that were quite valuable.
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Apr 4, 2023 13:42
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Can the creditors assign their own values to things? "I will pay $3000 for his dining table, and by 'pay' I mean 'reduce the amount he owes me by.' "
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Apr 4, 2023 13:43
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univbee posted:There are limits on how much someone can "burn" money in an irretrievable way (spend it on something consumable like food/drugs or a spontaneous event of some kind), and while Alex could well be petty enough to do something like that, anything of actual significance isn't the kind of thing he can get away with before being intercepted. Like he could probably blow a few hundred at a bar or restaurant if he got his hands on cash somehow, but he couldn't buy a new fancy car or watch, at least not without it being seized eventually. Isn't Texas a state where your primary residence can't be seized to pay debts, even in bankruptcy?
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Apr 4, 2023 13:46
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omg the pieces of that document you guys are posting are just hilariously unreal. 
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Apr 4, 2023 14:03
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I'm going to take a wild guess and assume every appraisal Alex had any hand in is going to be undervalued.
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Apr 4, 2023 14:12
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Baron von Eevl posted:Isn't Texas a state where your primary residence can't be seized to pay debts, even in bankruptcy? Maybe, but I'm assuming you still have to specify it in this kind of filing. You probably do have to actually tell someone what not to seize since it's going to be somewhat subjective in some cases.
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Apr 4, 2023 14:28
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All this will get sold for whatever value the court can get from it, this isn't Storage Wars and the creditors go to the bankrupt's house and cart off the silverware in lieu of payment. So if some Alex Jones superfan buys his signed Glock or whatever for 100k even if it has an appraised value of $325.45 then that goes straight into the estate to be disbursed. The estimates are required so the court has an idea of what's there and how to distribute the assets; they're not binding on anyone.Baron von Eevl posted:Isn't Texas a state where your primary residence can't be seized to pay debts, even in bankruptcy?
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Apr 4, 2023 14:34
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Outrail posted:I'm going to take a wild guess and assume every appraisal Alex had any hand in is going to be undervalued.
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Apr 4, 2023 15:32
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What if Jones sold signed prints of him being destroyed on the stand for like $500... It's like an ethics test of how gross it feels to funnel money through him to the sandy hook parents
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Apr 4, 2023 16:56
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Sentient Data posted:What if Jones sold signed prints of him being destroyed on the stand for like $500... It's like an ethics test of how gross it feels to funnel money through him to the sandy hook parents Oh man I just remembered that his buddy Roger Stone sells autographed copies of his presidential pardon.
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Apr 4, 2023 16:58
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Volmarias posted:Let me ask this way: let's say that suddenly AJ ends up with $100K of cocaine up his nose from no clear source. No getting that back. What happens now? Use a modified dialysis machine to get the cocaine back. 
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Apr 4, 2023 17:17
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mojo1701a posted:Oh man I just remembered that his buddy Roger Stone sells autographed copies of his presidential pardon. Absolutely shameless. What a garbage human.
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Apr 4, 2023 17:18
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Pennywise the Frown posted:Absolutely shameless. Honestly it's one of the least objectionable lines of income he's had in his life
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Apr 4, 2023 18:08
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Agents are GO! posted:Use a modified dialysis machine to get the cocaine back. I found my new plot device for the adrenochrome movie
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Apr 4, 2023 18:09
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Pirate Radar posted:Those guns aren’t worth that much. I mean maybe they sell for that much (I have no idea) but they’re not worth that much. They're both high end boutique guns, at least in the realm of tacticool garbage  Both sell for $5-6k new and are limited productions with long waitlists, so tbh those prices if anything are undervaluing them. Which makes sense given it's what he's arguing to keep.
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Apr 4, 2023 18:52
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ishikabibble posted:They're both high end boutique guns, at least in the realm of tacticool garbage Yeah I’m just muttering, you know, ignore me. They’re tacticool garbage and they get people to pay exorbitant amounts for them. On paper they’re worth much more than other guns that are pretty much the same.
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Apr 4, 2023 21:12
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quote:Clothes 300 Per appraisal That sounds extremely low.
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Apr 5, 2023 04:46
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Volmarias posted:That sounds extremely low. They would cost more that that new, but most used clothing is pretty worthless. If it's got stains is worthless even if it is a brand name, and I bet everything he owns has sweat stains because he never stops sweating.
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Apr 5, 2023 05:19
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The sanctions hearing for Reynaul (Alex's Texas lawyer) is happening now, livestream is here
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Apr 5, 2023 15:27
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Is there any good sources for following it via tweet? I'm at work and can't watch the livestream.
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Apr 5, 2023 15:33
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Randalor posted:Is there any good sources for following it via tweet? I'm at work and can't watch the livestream. Yep https://twitter.com/MoString/status/1643620926628540425
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Apr 5, 2023 15:34
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Piell posted:The sanctions hearing for Reynaul (Alex's Texas lawyer) is happening now, livestream is here Thank you for the link.
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Apr 5, 2023 16:04
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Hearing Bankston tear several holes into Reynal is bliss. is it the accent? the fury? the “what is even going on here” feeling? Whatever it is, it’s working
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Apr 5, 2023 16:06
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teen witch posted:Hearing Bankston tear several holes into Reynal is bliss. is it the accent? the fury? the “what is even going on here” feeling? Whatever it is, it’s working It's so good. The judge is over Reynal's poo poo and you can hear it in her tone, too.
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Apr 5, 2023 16:08
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kw0134 posted:All this will get sold for whatever value the court can get from it, this isn't Storage Wars and the creditors go to the bankrupt's house and cart off the silverware in lieu of payment. So if some Alex Jones superfan buys his signed Glock or whatever for 100k even if it has an appraised value of $325.45 then that goes straight into the estate to be disbursed. The estimates are required so the court has an idea of what's there and how to distribute the assets; they're not binding on anyone. Alex should just buy a 1.4 billion dollar house.
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Apr 5, 2023 16:09
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Piell posted:The sanctions hearing for Reynaul (Alex's Texas lawyer) is happening now, livestream is here I loving love this stuff. I'm sad they don't publish the recordings
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Apr 5, 2023 16:16
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Piell posted:The sanctions hearing for Reynaul (Alex's Texas lawyer) is happening now, livestream is here reynaul is currently testifying that he has no idea how much evidence there is and jones was uncooperative
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Apr 5, 2023 16:17
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Yeah, bring up the documents you leaked. And how that was the plaintiffs' fault. Great, buddy.
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Apr 5, 2023 16:18
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lol! "you says the defendants produced thousands of text messages. they sure didn't mean to! you agree with that?" "i-i-i guess"
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Apr 5, 2023 16:22
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