Alex Jones filed for Chapter 11 personal bankruptcy in a Houston court Friday, less than two months after he was hit with over $1 billion in compensatory damages.
A jury ordered the InfoWars founder to pay $1.44 billion to families who lost loved ones in the Sandy Hook mass shooting, which Jones falsely claimed was a hoax staged by crisis actors, Reuters reported. Jones has since acknowledged that the shooting was real.
Alex Jones has just filed for Chapter 11 bankruptcy: pic.twitter.com/k4d2Aqms7c
— philip lewis (@Phil_Lewis_) December 2, 2022
The filing indicates that Jones possesses between $1 million and $10 million in assets and between $1 million and $10 million in liabilities, according to Reuters. Jones estimates he has between 50 and 99 creditors, including the Sandy Hook plaintiffs, CNBC reported. The plaintiffs say harassment stemming from Jones’ claims about the shooting has continued through this year, CNBC added.
His affiliated media company, Free Speech Systems, filed for Chapter 11 bankruptcy in July, a separate filing shows. Free Speech Systems is the parent company for Jones’ InfoWars media enterprise. (RELATED: Kanye West No Longer Buying Parler)
The filing estimates Free Speech system holds $14.3 million in assets and $79 million in liabilities. A separate ongoing lawsuit brought by Sandy Hook families alleges that Jones is hiding assets by diverting money to himself and to shell companies affiliated with him, USA Today reported.