People are comforted near Sandy Hook Elementary School, Dec. 14, 2012 in Newtown, Conn. Conspiracy theorist Alex Jones is seeking court permission to convert his personal bankruptcy reorganization to a liquidation, which would lead to a sell-off of a large portion of his assets to help pay some of the $1.5 billion he owes relatives of victims of the Sandy Hook Elementary School shooting.
Christopher Mattei, a lawyer for the families, said in a statement that “Alex Jones has hurt so many people. The Connecticut families have fought for years to hold him responsible no matter the cost and at great personal peril. Their steadfast focus on meaningful accountability, and not just money, is what has now brought him to the brink of justice in the way that matters most.”
Liquidation could mean that Jones would have to sell most of what he owns, including his company and its assets, but could keep his home and other personal belongings that are exempt from bankruptcy liquidation. Proceeds would go to his creditors, including the Sandy Hook families.and it would send efforts to collect the damages back to the state courts in Texas and Connecticut where the verdicts were reached.
According to the most recent financial statements filed in the bankruptcy court, Jones personally has about $9 million in assets, including his $2.6 million Austin-area home in Texas and other real estate. He listed his living expenses at about $69,000 for April alone, including about $16,500 for expenses on his home, including maintenance, housekeeping and insurance.
Lopez, the judge, ruled Monday that Jones could keep operating until June 14, when decisions on potential liquidations are expected.
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