Alex Jones Denies Bankruptcy as InfoWars Host Fights Defamation Lawsuits

Alex Jones has insisted that he and InfoWars have not gone bankrupt, despite a court filing saying companies he owns, including the conspiracy website, have filed for bankruptcy protection. This comes amid an effort to settle litigation brought by relatives of children killed in the 2012 Sandy Hook school massacre.

The far-right pundit sought Chapter 11 protection for three of his companies, including his website Infowars, in Victoria, Texas.

Each company has estimated liabilities of as much as $10 million, according to court documents.

Speaking on the subject on The Alex Jones Show on Monday, Jones denied he or InfoWars were going bankrupt. He said he filed for Chapter 11 for his affiliate companies to pay their creditors in full. Under U.S. bankruptcy law, a successful case filed under Chapter 11 would allow the debtor to continue to operate their businesses and, with court approval, borrow money.

"It's a chapter 11 reorganization in the federal courts, so you can go and show them their books, they can come in and look at your books, and know that we don't have $16 million in a secret bank account, or $5 million or $3 million, and know that what has been claimed by the Texas courts that are very political, and the Connecticut court is not correct and is not true," Jones said, in a rambling address.

"And whether that's successful or not, in the long term, this will be an issue for the bankruptcy courts one way or another," Jones added.

He said it was "just time for that to happen" and for the public to see that InfoWars has less than $3 million in cash, which Jones said will go on operating costs.

"So I'm essentially making no money, which is fine. The whole purpose of this place was not for Alex Jones to make a bunch of money, but it takes a bunch of money to run your own independent, self-sufficient media operation with 3, 4, 5, 6, 7, 8 million people a day watching and listening just in bandwidth alone, and this great crew and we are what the establishment fears are real independent media, giving a system a run for its money."

He then accused "corporate media" and other individuals of trying to obtain court judgments that force Jones into bankruptcy to keep him being on air. He said they would fail in their objectives.

"In fact, if anything, it makes me work harder and value the First Amendment even more. That said, my fate is tied to your fate. And this country and this world is in a lot of trouble. And so we're all going to share this misery together," Jones added.

The financial trouble for Jones stemmed from three lawsuits ending in Jones being found liable for making false claims saying the Sandy Hook shooting was a hoax and was motivated by a gun control agenda. The 2012 shooting saw 20 children and six staff members killed. Jones has repeated the baseless claims.

This month, juries were due to start determining how much compensation Jones owns the families. Jones had offered to pay $120,000 to each of the 13 people involved in the lawsuits, but they rejected the proposal in March. Since the lawsuits, Jones has acknowledged that the shooting took place.

Newsweek has contacted Jones's lawyer for further comment.

Alex Jones in Washington D.C.
Alex Jones, the founder of right-wing media group Infowars, addresses a crowd of pro-Trump protesters after they storm the grounds of the Capitol Building on January 6, 2021 in Washington, D.C. Jones has insisted that he has not filed for bankruptcy, despite multiple reports saying companies he owns, including the right-wing website InfoWars, have. Jon Cherry/Getty