Radio host Alex Jones asked a U.S. judge Thursday to convert his bankruptcy into a Chapter 7 liquidation, dropping an effort to settle massive legal judgments related to his comments about the 2012 Sandy Hook Elementary School massacre.
Reuters reports Jones believes “there is no reasonable prospect of a successful reorganization” of his debts, most of which stem from $1.5 billion awarded in defamation lawsuits, his attorneys said in a court filing.
A Chapter 7 liquidation would not allow Jones to escape paying the legal judgments, but it offers a streamlined procedure for selling his personal assets under the supervision of a court-appointed trustee.
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