Alex Jones, the far-right conspiracy theorist and owner of InfoWars, started measures on Thursday to sell his assets in order to pay legal damages to victims of the 2012 Sandy Hook school massacre.
He must make this move to finance the $1.5 billion he must pay to the families of the victims, and it would mean the end of his ownership of InfoWars, which he founded in the late 1990s.
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Jones’ lawyers argued in a court filing Thursday that “there is no reasonable prospect of a successful reorganization” of his debts resulting from defamation claims.
Jones asserted on his show that actors staged the school shooting, which claimed the lives of 20 children and six educators, in an effort to secure more gun control legislation.
Over the weekend, Jones predicted on his radio show that Infowars would shut down within months. “There’s really no way out of this,” Jones stated on Sunday. “I’m kind of in the bunker here. And do not worry. I will come back.” The enemy can’t help but launch this attack,” he explained.
Liquidation might require Austin, Texas-based Jones to sell the majority of his assets, including his company, but he could keep his home and other assets exempt from bankruptcy liquidation. The proceeds would go to his creditors, including the Sandy Hook families.
