A week after he was ordered to pay $45 million for spreading conspiracy theories about the Sandy Hook Elementary School shooting, Alex Jones filed for Chapter 11 in the United States.
Jones was ordered to pay over one billion dollars in damages.
Jones estimated his assets to be between $1 million and $10 million and his liabilities to be between $1 billion and $10 billion.
Free Speech Systems filed for Chapter 11 protection in April with $14.3 million in assets and $79.2 million in debt.
In October, a jury in Connecticut ordered him to pay $965 million in damages to the families of the Sandy Hook victims.
A Texas judge ruled in favor of the parents of a Sandy Hook victim in a defamation case.
Despite the amount of damages owed, Jones was not contemplating any personal bankruptcy, according to his attorney.
There is a billion dollars. The families of Sandy Hook victims brought a number of defamation lawsuits against Jones.
The New York Post reported that Jones was transferring ownership of one of the five homes to his wife in February.
Jones said the rulings to behilarious and denied the possibility of paying the Sandy Hook victims' damages. According to Bernard Pettingill Jr., Jones is worth up to $270 million. A Connecticut judge temporarily froze Jones' assets and limited his spending because he was worried that Jones was "looting" his estate.
There will be a hearing on December 2 in Connecticut.
Alex Jones probably doesn't have a lot of money. He owns five homes in Texas. There is a magazine called "Forbes."
Alex Jones faces over $1 billion in damages for spreading Sandy Hook conspiracy theories, and a judge has frozen his assets.
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