Alex Jones Bankruptcy Plan Rejected by Judge, Forced to Liquidate Assets and May Include InfoWars

Infamous conspiracy theorist Alex Jones is in deep financial trouble as his unfounded claims about the Sandy Hook massacre have come back to bite him, and he may lose his InfoWars program because of this after a judge threw out his bankruptcy plan and ordered him to liquidate his assets to pay the lawsuits he lost.

The future of the InfoWars conspiracy theory/supplements hawking program is now in question after Judge Christopher Lopez ruled that Jones' proposed personal bankruptcy must be reorganized into a liquidation to pat the Sandy Hook families. The judge also rejected Jones's e attempted reorganization of his company, Austin, Texas-based Free Speech Systems.

According to the Associated Press, if the bankruptcy reorganization of Free Speech Systems were converted to a liquidation, Alex Jones could have lost ownership of not only his company, but also its social media accounts, the Infowars studio in Austin, and all copyrights as the company's possessions, because all of them would have been sold. Jones was seen smiling when the judge dismissed the company's case.

However, the future of the company and Jones's InfoWars program is still very much unknown as it is still unclear if the company and Infowars are allowed to keep operating during the efforts to collect on the $1.5 billion debt is still happening in the state courts in Texas and Connecticut, where the cases filed by the Sandy Hook families happened.

It is also unclear if the lawyers for the Sandy Hook families would go back to the bankruptcy court and ask the judge to liquidate the company as part of Jones' personal case. This is possible because Jones owns the business.

Sandy Hook Families Still Have Not Been Paid by Alex Jones

Jones owes the Sandy Hook families approximately $1.5 billion in judgments against him. However, those same families have yet to see a penny, and they could still ask the judge to liquidate his company.

If the judge rules in favor of the families, this could result in Info Wars being shuttered, according to CNN. Should this happen, a court-appointed trustee would be made to secure the company's assets and sell off parts of the infamous conspiracy theory and health supplement media empire.

"Infowars would no longer exist," Sandy Hook families' lawyer Christopher Mattei told CNN. Should this happen, Jones would be left without a platform to spread dangerous and hateful conspiracy theories that have spread false information in the US, from conspiracy theories that water turns frogs gay to various mass shootings being "false flag operations."

What the Bankruptcy Judge Said Regarding the Alex Jones Case

As to what the judge said during the trial, Judge Lopez noted that dismissing the case was the "right call and added that "the interim trustee, and later the permanent trustee, in Jones' personal case would have an interest in the case."

"Those trustees will make decisions about where things go," he stated. "We're not leaving things into the wind here."

This article is owned by Latin Post.

Written by: Rick Martin

WATCH: Alex Jones forced to liquidate assets and pay families of Sandy Hook victims - CNN