(Reuters) – InfoWars, a far-right wing website filed voluntary Chapter 11 bankruptcy protection before the U.S. Bankruptcy Court of the Southern District of Texas on Sunday in response to multiple defamation suits.

Chapter 11 bankruptcy allows companies to plan for their future while still operating.

Alex Jones, the founder of InfoWars was held liable in three lawsuits filed last year after he claimed that Sandy Hook’s massacre of 2012 schoolchildren was an elaborate hoax.

Jones claimed Jones was lying to claim that 20 school children and six staff were gunned down at Newtown school, Connecticut. This shooting took place in the context of mainstream media’s efforts to control guns and prevent mass murder.

In March, the Sandy Hook families rejected Jones’ offer of settlement for their defamation suit and opened the case again. Jones offered to pay $120,000 for each plaintiff to resolve the case.

In court papers, each plaintiff rejected the settlement offer, stating that “The so-called deal is an transparent and desperate effort by Alex Jones, to evade a public reckoning with him and his profit-driven campaign towards the plaintiffs, and their memory of Sandy Hook.”

InfoWars listed its assets at $0-$50,000, and its liabilities at $1,000,000 to $10 million according to court filings on Sunday.

Jones is a prominent Trump supporter and was subpoenaed previously by the House of Representatives Committee probing Trump supporters’ attack on the U.S. Capitol in January 2021.