> cash completely trumps any notion of "giving up debt." Not true. The entire point of bankruptcy proceedings is to resolve debt to the creditors. And in fa

> cash completely trumps any notion of "giving up debt." Not true. The entire point of bankruptcy proceedings is to resolve debt to the creditors. And in fact, that wasn't the issue that the Judge took here. The judge didn't like the amount, not the creditors bid. > The other creditors are far better off getting more cash, and those $7 million of claims are worth way less than one cent per dollar. The other creditors signed off on the deal which is why the Trustee took the bid. Alex Jones would have $3.5 million dollars less debt than if he took the FAUC bid. Which is exactly what the Trustee should prioritize, cutting back on Jone's debt.