Alex Jones to liquidate assets to settle $1.5bn Sandy Hook judgment

Alex Jones, who runs Infowars, asked a court to sell his things to pay a $1.5bn fine for saying the Sandy Hook shooting was fake. He wants to change his bankruptcy to a Chapter 7 liquidation. This could mean he loses control of Infowars, a business he started in the 1990s to share conspiracy theories and sell supplements. Jones admitted he can't pay the Sandy Hook families and wants to sell his assets to do so. The families are worried they won't get the money owed to them if Jones goes bankrupt. Jones' lawyers say it's hard to fix his money problems, so selling his things might be the best option. The families of the Sandy Hook victims are against Jones trying to reorganize his company financially. They think he won't be able to pay them if he keeps control of his assets. If Jones goes through with the liquidation, he might have to sell most of what he owns, including his company. However, he might be able to keep his home and personal belongings. Jones said on his show that there's a plan to shut down Infowars soon. He believes there's a conspiracy against him. Jones and his company filed for bankruptcy after losing lawsuits for defamation. He made money by selling products like supplements and claimed the Sandy Hook shooting was fake. Some victims' families said they were harassed by Jones' followers. Jones later said sorry and admitted the shooting was real. He still owes the Sandy Hook families $1.5 billion.