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[-] naonintendois@programming.dev 69 points 1 year ago

Says the judge revoked ALL of his business certificates in New York. Trial will continue to assess damages he must pay.

[-] Mojojojo1993@lemmy.world 7 points 1 year ago

But if he declares bankruptcy ? Plus he can just hide his business in shell companies or his kids

[-] MrMamiya@feddit.de 44 points 1 year ago

Bankruptcy isn’t a get out of debt free card. It’s a “you’re gonna sell this stuff to pay off your creditors” card.

His sons were involved in the lawsuit and cannot legally do business in New York.

[-] Natanael@slrpnk.net 7 points 1 year ago

It's effectively no longer his to be declared bankrupt, the NY state will be appointing people to control it. This is the one he can't escape from

[-] JustZ@lemmy.world 2 points 1 year ago* (last edited 1 year ago)

Can unlicensed biz orgs seek bankruptcy protection?

The recievership can.

[-] HoustonHenry@lemmy.world 2 points 1 year ago

Hopefully, one day, Alex Jones will be made to pony up what he owes

[-] ME5SENGER_24@lemm.ee 3 points 1 year ago

Is he able/or has he already given these to his children yet? You know, like Mar-A-Lago

[-] naonintendois@programming.dev 11 points 1 year ago

This article explains some of the consequences https://www.businessinsider.com/trump-fraud-ruling-corporate-death-penalty-for-his-empire-experts-2023-9

I'm not sure what restrictions will be when he obviously tries to appeal. Can't go to his sons though since they're also affected by the order.

this post was submitted on 27 Sep 2023
790 points (98.9% liked)

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