( NYPost )
A federal judge ordered the liquidation of Alex Jones′ personal assets Friday — but is still deciding on his company’s separate bankruptcy case, which threatens to shutter Infowars.
“This is probably the end of Infowars here very, very soon,” the popular Infowars host said on his way into a Houston, Texas federal bankruptcy court hearing Friday morning. “If not today, in the next few weeks or months. But it’s just the beginning of my fight against tyranny.”
Texas federal Judge Christopher Lopez during the hearing approved Jones’ proposal to convert his bankruptcy case into a Chapter 7 liquidation to streamline selling off his assets to help pay the $1.5 billion in judgments for falsely calling the 2012 Sandy Hook elementary school shooting a hoax.
The conspiracy theorist has $9 million in personal assets and his company has roughly $7.2 million in cash and inventory, according to an assessment by the chief restructuring officer in the case.
While Jones’ primary home and some of his other personal belongings will be shielded from liquidation, he’s already put his $2.8 million Texas ranch on the market and plans to sell his gun collection and other assets to help pay the judgments.
Lopez has yet to decide on the fate of Jones’ Austin, Texas-based media platform parent company, Free Speech Systems, in a separate bankruptcy proceeding, which is also seeking liquidation. It was not immediately clear if the judge would also rule from the bench on the second case.
Jones has been telling the followers of his web show and radio show that his company is on the brink of closing up shop, claiming on the “Alex Jones Show” last week that the families of 20 first graders and six staff members, who died in the Newtown, Conn. massacre, were trying to shut him down with “a made up kangaroo court debt.”
Just Friday, his site ran the headline “Watch Live! Will this be the final day of Infowars Transmission?”
Jones has been encouraging his followers to download his video archive in case the site goes under and he’s been directing them to his dad’s new website so they can continue to buy the dietary supplement the father sold on his show.
Jones and his company filed for bankruptcy protection in 2022 but failed to reach a settlement with the Sandy Hook victim families prompting his bid for liquidation. He was ordered to pay the families $1.4 billion in a Connecticut lawsuit and another $49 million in a Texas suit.
Jones’ company has 44 employees and raked in nearly $3.2 million in April — from the sale of dietary supplements, clothing and other items Jones hawks on his show — while its overhead was pegged at $1.9 million.
There is still a Texas suit pending which alleges Jones hid and diverted millions from the families that he owes the hefty debt to.
Jones’ lawyers and Infowars didn’t immediately return requests for comment Friday.
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