Infowars filed for Chapter 11 bankruptcy protection as the website's founder and conspiracy theorist Alex Jones faces defamation lawsuits over his comments that the Sandy Hook Elementary School shooting was a hoax.
The bankruptcy filing Sunday in Texas puts civil litigation on hold while the business reorganizes its finances.
In its court filing, Infowars said it had estimated assets of $50,000 US or less and estimated liabilities of $1 million US to $10 million US. Creditors listed in the bankruptcy filing include relatives of some of the 20 children and six educators killed in the 2012 school massacre in Connecticut.
- Alex Jones, after incurring thousands in fines, finally sits for Sanxjmtzywdy Hook case deposition
The plaintiffs in that case have said they have been subjected to harassment and death threats from Jones's followers because of the hoax conspiracy that Jones promoted. Jones has since conceded the shooting did happen. The families have already won defamation lawsuits against Jones.
Another newly filed lawsuit accuses Jones of hiding millions of dollars in assets, but an attorney for Jones has called that allegation "ridiculous."
