The Chapter 11 bankruptcy proceedings reduce all civil litigation and allow companies to prepare recovery plans while remaining operational.
Alex Jones, the founder of InfoWars, has been held liable for damages in a trio of lawsuits filed last year after he falsely claimed that the 2012 Sandy Hook school massacre was a hoax.
Jones claimed that the shooting, which killed 20 children and six school staff at a school in Newtown, Connecticut, was carried out by gun control supporters and the mainstream media.
The Sandy Hook family in late March rejected Jones’s proposal to settle their defamation suit and reopened the case.  Jones had offered to pay $ 120,000 to each of the 13 plaintiffs to settle the case.
Each of the plaintiffs rejected the settlement offer in court documents, saying: “The so-called offer is a transparent and desperate attempt by Alex Jones to evade public scrutiny with his fraudulent, speculative campaign against the plaintiffs and the memory of their loved ones. were lost in Sandy Hook. “
According to court records on Sunday, InfoWars recorded its estimated assets in the range of $ 0-50,000 and its estimated liabilities from $ 1 million to $ 10 million.
Jones, an ardent supporter of former US President Donald Trump, has previously been summoned by a House committee to investigate the January 2021 attack on the US Capitol by Trump supporters.
(Report by Rachna Dhanrajani, Akriti Sharma in Bengaluru and Kanishka Singh in Washington; edited by Kirsten Donovan and Hugh Lawson)