Right-wing conspiracy theorist Alex Jones has filed for personal Chapter 11 bankruptcy on Friday in a court in Houston, Texas.
According to Reuters, the bankruptcy filing happened after Jones and his Infowars website were fined about $1.5 billion for spreading lies regarding the 2012 Sandy Hook mass shooting.
Jones Got Fined With Millions Of Dollars For Multiple Lawsuits
The filing revealed that while the extent of the conspiracy theorist's wealth is unclear, Jones has between $1 to $10 million of assets and between $1 to $10 billion of liabilities.
It can be remembered that Jones has claimed for years that the Sandy Hook incident, which took the lives of 20 students and 6 staff at the Sandy Hook Elementary School in Newton, Connecticut.
He also believed that those involved in the mass shooting were actors as part of the government's plan to control the use of guns in America.
Because of this, Gizmodo reports that he faced a lawsuit where he was ordered to pay nearly $1 billion to the families of the victims of the Sandy Hook massacre.
This is on top of another $45.2 million dollars the conspiracist was asked to pay in damages from a similar suit filed in Texas where his company Free Speech Systems was based, forcing him into bankruptcy.
The bankruptcy documents show that Jones has about 100 creditors, and that he has been giving himself a salary of $6 million a year.
This was out of the $53.2 million annual revenue he had on Infowars between 2015 to 2018, all before the lawsuits hit him and his company for the Sandy Hook claims.
According to the bankruptcy filing, one of Jones' biggest creditors are the parents of the victims of the Sandy Hook massacre.
Read More: Alex Jones Ordered to Pay $965M to Sandy Hook Families Over Misinformation Campaign
Families Of The Sandy Hook Victims Believe That The Filing "Will Not Work"
According to CNN Business, the Connecticut attorney working on the case to represent the families of the victims of the mass shooting says that the filing will go to waste.
Attorney Chris Mattei claims that the bankruptcy is a cowardly move on Jones' part, and that despite his filing, the judicial system will still hold him accountable.
"The bankruptcy system does not protect anyone who engages in intentional and egregious attacks on others, as Mr. Jones did," Mattei adds.
It can be remembered that Jones initially lied about the 2012 shooting, which he later acknowledged as true, but has resulted in lawsuits in two states.
A trial was held in September and October in Connecticut to see a trial on how the conspiracy theories promoted lies resulting in relentless harassment against the victims' families.
"The jury found Alex Jones liable for intentional attacks on the Sandy Hook families, so he can't discharge his debt to them in bankruptcy court," Mattei tweeted on Friday.
As far as his company's bankruptcy filing is concerned, a Texas judge says that he is concerned that the Right-wing conspiracist has only been spending more money during this time.
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