VICTORIA, Texas (AP) – Infowars has filed for bankruptcy protection under Chapter 11, as site founder and conspiracy theorist Alex Jones faces defamation lawsuits over his comments that the Sandy Hook Elementary School shooting was a hoax.

Filing a bankruptcy on Sunday in Texas suspends a civil lawsuit until the company reorganizes its finances.

In a statement to the court, Infowars said it valued assets at $ 50,000 or less and liabilities at $ 1 million to $ 10 million. The creditors listed in the bankruptcy petition include relatives of some of the 20 children and six caregivers killed in 2012 during a massacre at a school in Connecticut.

Plaintiffs in the case said they were persecuted and threatened with death by Jones’ followers because of a hoax conspiracy promoted by Jones. Since then, Jones has admitted that the shooting happened. The families have already won libel lawsuits against Jones.

Last month, Jones was fined $ 75,000 for failing to appear for a defamation charge, but last week a judge ruled to return the money because Jones eventually appeared.

Another recent lawsuit accuses Jones of concealing millions of dollars in assets, but Jones’s lawyer called the accusation “ridiculous.”

Neil Heslin, whose 6-year-old son Jesse Lewis died in a school shooting in Newtown, said he did not immediately know how bankruptcy would affect his defamation lawsuit against Jones in Texas, which is considering how much money damaged Jones. have to pay families, will start next week.

“That’s what there is,” Heslin said. “Let’s see where everything goes. He tried everything to avoid everything. “

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Associated Press writer Dave Collins of Hartford, Connecticut, contributed to the report.

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