> Selling off assets in a non-competitive process is basically a criminal move, especially if you collude with one of the bidders who is also a creditor.
Not sure why the bankruptcy trustee working with the companies largest creditors, so large, that a simple proportionate would result in them claiming pretty much the entire possible payout, can be considered collusion.
The only people who can possibly be harmed are the creditors themselves. If they want to strike a deal that results in more equitable outcome, but with less total cash, that’s their business. Remember Alex Jones is on the hook for close to a billon dollars, and that sum has already been through various appeals and due process already, it’s no longer up for debate. The only question left is how Jones is gonna pay it. Unless someone creditably believes someone is going to hand over close to a billion dollars to purchase InfoWars, it seems silly to reject an offer that the creditors themselves believe is fair and reasonable.