Alex Jones to lose Infowars after agreeing to liquidate personal assets to pay Sandy Hook families

A photo shows Alex Jones.

Alex Jones (Joe Buglewicz/Getty Images)

Embattled conspiracy theorist Alex Jones this week asked a federal bankruptcy court to liquidate his personal assets to help him pay out the $1.5 billion judgment levied against him for his repeated defamatory statements about the 2012 mass shooting in Newtown, Connecticut, including his false claim that the tragedy was a “giant hoax.”

The move comes after the families last weekend filed an emergency motion in the U.S. Bankruptcy Court for the Southern District of Texas asking the presiding judge to order Free Speech Systems LLC, the parent company of Infowars, to sell off its assets and put the proceeds toward paying out the families Jones defamed. In the motion, the families argued that Free Speech Systems has “no hope” of coming up with a reorganization plan and has “failed to demonstrate any hope of beginning to satisfy the Connecticut Families’ claims.”

However, the court during a Monday hearing rejected the families’ request and allowed Jones to continue running his company until at least next Friday’s hearing.

In his latest filing asking the court to convert his Chapter 11 bankruptcy into a Chapter 7 liquidation, Jones said there was “no reasonable prospect of a successful reorganization” of his debt. While Chapter 11 bankruptcy would allow Jones to retain control of his assets and create a debt restructuring plan, the increased administrative costs ultimately come with “little benefit” to Jones going forward, the document states.

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