Alex Jones-run Infowars files for bankruptcy

The far-right website Infowars has filed for Chapter 11 bankruptcy protection, as founder Alex Jones faces a handful of lawsuits including several related to his comments after 2012 mass shooting at the Sandy Hook Elementary School in Connecticut.

Representatives for the site filed this past weekend in the U.S. Bankruptcy Court for the Southern District of Texas.

Chapter 11 allows companies to continue operations as plans for financial reorganization take shape. It also places a hold on all civil litigation suits. Jones' other companies – Infowars Health and Prison Planet TV – also filed in the Texas court, according to CBS News.

In the filing, Infowars claims it has assets valued at $0-$50,000, and liabilities ranging from $1 million to $10 million.

Jones is at the center of a number of ongoing lawsuits, most of which are connected to comments he made about the mass shooting at Sandy Hook in which 20 children and six adults died.

Jones infamously suggested that the shooting was a "hoax" involving crises actors, staged to establish further opposition to the Second Amendment. He was found liable for damages in three defamation cases brought by relatives of the victims. 

Jones has since stated that he believes the shooting did occur.

The radio host initially offered to settle the lawsuits by paying each plaintiff $120,000, but the offer was rejected. A trial to determine the damages he should pay the victims' families is scheduled for August.