A company owned by the far-right radio and internet “star” in the USA, Alex Jones, has filed for bankruptcy after a series of lawsuits were filed against it.
Infowars, according to Bloomberg, has sought protection under the provisions of Section 11 of the South Texas District Bankruptcy Code, as its liabilities are approaching $ 10 million, according to documents submitted to the court. The procedures in paragraph 11 allow a company to continue operating while implementing a restructuring plan due to the inability to service its debt.
Jones and his companies were forced to pay compensation to relatives of children who died in the “Sandy Hook School Massacre” in 2012, which the far-right American commentator called “hoax”.
The Connecticut lawsuit, which will determine the amount of compensation, has not yet taken place. A similar decision to pay compensation was made by a Texas court.
The company’s assets are estimated in the range of $ 0- $ 50,000, while its potential liabilities range from $ 1 million to $ 10 million.
Source: Capital
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