US Court Approves Liquidation of Alex Jones’ Assets
A US judge approved the liquidation of Alex Jones’ personal assets on Friday, paving the way for the repayment of nearly $1.5 billion in damages he owes the victims of a school mass shooting.
The decision by a bankruptcy court in Houston raises questions about the future of Jones’s far-right website InfoWars, known for spreading misinformation. The possibility of a “potential last broadcast” was mentioned on Friday.
Jones was required to pay almost $1.5 billion in damages for falsely labeling the 2012 mass shooting at Sandy Hook elementary school in Connecticut as a “hoax,” resulting in the deaths of 20 children and six adults.
After declaring personal bankruptcy in Texas, where he resides, Jones cited debts surpassing his assets valued between $1 million and $10 million. Free Speech Systems, the company behind InfoWars, also filed for bankruptcy.
The judge permitted Jones to transition his personal bankruptcy case into a liquidation process, but the fate of his company’s liquidation remains undecided. As per reports, Jones’s assets, including a $2.8 million Texas ranch, will be sold to settle the debts, while certain assets such as his Austin home are exempt from liquidation.
Jones has been cautioning his large conservative audience about the possible closure of his company. One headline on his website warned, “This could be THE LAST broadcast of Infowars! DO NOT miss this!”
