A federal judge on Friday ordered the liquidation of Alex Jones’ personal assets, but a decision has yet to be made on a separate bankruptcy case for his company that threatens to shut down Infowars.
“Infowars will probably end here soon,” the popular Infowars host said Friday morning on his way to a hearing in federal bankruptcy court in Houston, Texas. “If not today, then within the next few weeks or months. But this is just the beginning of my fight against tyranny.”
During a hearing, federal Judge Christopher Lopez in Texas approved Jones’ proposal to convert the bankruptcy proceedings to a Chapter 7 liquidation to streamline the sale of assets to pay off a $1.5 million judgment against him for falsely reporting the 2012 Sandy Hook Elementary School shooting.
The conspiracy theorists have personal assets of $9 million, and the company has about $7.2 million in cash and inventory, according to an assessment by the case’s chief reconstruction officer.
Jones’ primary home and other personal belongings will be excluded from the liquidation, but he has already put his Texas ranch, valued at $2.8 million, up for sale and plans to sell his gun collection and other assets to help pay the judgment.
Lopez has yet to decide the fate of Jones’ Austin, Texas-based media platform’s parent company, Free Speech Systems, which is also in bankruptcy proceedings and seeking liquidation. It was not immediately clear whether the judge would rule on the second lawsuit.
Jones has told followers of his Web and radio shows that his company is on the verge of going out of business, and last week on “The Alex Jones Show” he claimed that the families of 20 first-year students and six staff members killed in the Newtown, Connecticut, shooting were trying to shut it down over “concocted duck court debts.”
Just Friday, a headline appeared on his site reading, “Watch Live! Is This the Last Day of Infowars?”
Jones has encouraged his followers to download the video archives in case the site is shut down, and has directed them to his father’s new website so they can still buy the nutritional supplements his father sold on the show.
Jones and his company filed for bankruptcy in 2022 but began liquidation proceedings after failing to reach a settlement with the families of the victims of the Sandy Hook shooting. Jones was ordered to pay $1.4 billion to the families in a Connecticut lawsuit and another $49 million in a Texas lawsuit.
Jones’ company employs 44 people and made nearly $3.2 million in April from sales of nutritional supplements and clothing that Jones promotes on his show, but expenses were listed as $1.9 million.
A lawsuit is still pending in Texas alleging that Jones hid and embezzled millions of dollars from a family that was heavily in debt.
Jones’ lawyers and Infowars did not immediately respond to requests for comment Friday.
With post wire
