Free Speech says filing plan now might be ‘detrimental’ to mediation

By Sarah Lizee

Olympia, Wash., Dec. 7 – Free Speech Systems LLC has again asked the U.S. Bankruptcy Court for the Southern District of Texas for more time to file a Chapter 11 plan, according to a motion filed Tuesday.

The company asked for 60 more days to file a plan. The deadline is currently Dec. 16.

Free Speech, owned by Alex Jones, who has also filed Chapter 11 bankruptcy, is currently in mediation with families of Sandy Hook shooting victims and PQPR Holdings Ltd., LLC, which asserts a claim secured by substantially all assets of the debtor.

Judge Marvin Isgur is leading the mediation process.

“The mediation is ongoing and, unless judge Isgur declares an impasse, likely to continue for months as the parties explore the possibility of settlement,” Free Speech said in the motion.

“The filing and prosecution of a plan by the debtor would not be productive at this time and indeed, it might be detrimental to the mediation.”

Austin, Tex.-based Free Speech Systems filed its bankruptcy case on July 29 under Chapter 11 case number 22-60043.

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