Alex Jones, the provocative conspiracy theorist notable for his far-reaching Infowars platform, is requesting a change in his bankruptcy proceedings from reorganization to liquidation, reported CBS Austin. This move is designed to sell off a significant amount of his possessions in an attempt to chip away at the staggering $1.5 billion he owes to relatives of the Sandy Hook Elementary School shooting victims.

Following his characterizations of the 2012 Sandy Hook tragedy that resulted in the loss of 26 lives as a hoax, Jones and his company, Free Speech Systems, found themselves mired in successful lawsuits. Despite the legal onslaught, agreements to satisfy the judgments have proven elusive between Jones and the Sandy Hook families. According to a document submitted Wednesday, Jones’ filing in the U.S. Bankruptcy Court in Houston states, "The Debtor does not anticipate that a resolution may be reached with the other parties in interest sufficient to confirm a chapter 11 plan of reorganization." Jones' legal representation did not respond for commentary in the wake of this update.

The response from the families' side, however, is resolute with a clear message. As Christopher Mattei, a lawyer for the families, emphasized, “Alex Jones has hurt so many people,” underscoring the Connecticut families' steadfast pursuit of justice despite the personal toll, as stated in a release published by KVUE.

Judge Christopher Lopez is set to make a decision on the proposals for liquidation submitted by both Jones and the Sandy Hook families at a hearing scheduled for June 14. If the court approves the liquidation of Jones' assets, it could entail the sale of his and his company's properties, but would grant him the right to retain his dwelling and other personal items exempt by bankruptcy statutes. Liquidation proceeds would funnel to his creditors, notably the Sandy Hook families.

The financial gap between Jones' available resources and what he owes is stark. Reporting by CBS Austin reveals that Jones claims about $9 million in assets, including an Austin-area home and various real estate holdings. However, his living expenses reported for a single month reach an approximate $69,000, indicating a significant disparity with the debt amount. His company, Free Speech Systems, finds itself similarly challenged, with just short of $4 million in cash on hand and revenues of nearly $3.2 million last month—figures that pale in comparison to the billion-dollar sum owed.

Amid this high-stakes financial turmoil, Jones has spurred his audience to action, framing the potential shutdown of his company as a conspiracy orchestrated by government and Democrats, as reported by CBS Austin. Nonetheless, such a shutdown has not occurred, with the judge allowing operations to continue until the mid-June hearing.

With the outcomes of these bankruptcy cases pending, Jones has suggested that even in the face of Infowars and Free Speech Systems being auctioned, he could reestablish his broadcasting endeavors in a new capacity. The final picture of how his empire — and debts — will be reconfigured remains to be seen following the court's forthcoming decisions.