The vote indicates the creditors’ preference over a competing plan submitted by Jones that would allow him to reorganize by preserving parts of his media empire and paying the group at least $5.5 million a year over 10 years.
Lmao this part cracks me up the most. He was like “how about instead of selling all my stuff, I give you pennies on the dollar of what I owe you for a few years and we call it good?”