Alex Jones Moves To Liquidate Assets To Start Paying Sandy Hook Families
Conspiracy theorist Alex Jones has made steps to liquidate his personal assets in order to begin paying damages to the relatives of the 2012 Sandy Hook Elementary School shooting victims, whom he defamed for years.
Jones’ lawyers asked U.S. Judge Christopher Lopez to move his Chapter 11 bankruptcy to Chapter 7 liquidation, which would streamline efforts to sell off Jones’ personal assets.
Jones filed for Chapter 11 bankruptcy in 2022 after he was ordered to pay roughly $1.5 billion in damages to the families he defamed over the course of a decade on his conspiracy program.
Jones falsely claimed for years that the Connecticut school shooting that left 20 kids and six adults dead never happened, and that those whose loved ones died were actors.
Lawyers for Jones wrote in a Wednesday court filing that “there is no reasonable prospect of a successful reorganization” under Chapter 11 bankruptcy to pay off debts stemming from the defamation lawsuits he lost.
As part of Chapter 7, a court-appointed trustee would be assigned to liquidate Jones’ assets, including his stake in his Infowars media empire.
Chris Mattei, a Connecticut lawyer who represents several Sandy Hook families, told CNN that Chapter 7 “will hasten the end of these bankruptcies and facilitate the liquidation of Jones’s assets, which is the same reason we have moved to convert his company’s case to Chapter 7.”
In May, Judge Lopez gave Jones the go-ahead to sell his 127-acre Texas game ranch for $2.8 million to pay his legal expenses, with any money left over going to the Sandy Hook families.
Days before the latest filing, Jones took to Infowars to whine about liquidating his assets.
“There’s really no avenue out of this,” Jones said on his show Sunday. “I’m kind of in the bunker here. And don’t worry. I’ll come back. The enemy can’t help but do this attack.”
