Sandy Hook families say Alex Jones’ ‘time is up’ as they call out shooting conspiracy theorist for refusing to curb his lavish lifestyle or sell assets to pay $1.5 billion damages bill

The Sandy Hook families have said Alex Jones’ time is up as they call out the conspiracy theorist for refusing to quit his lavish lifestyle after being ordered to pay $1.5 billion in damages.

The 49-year-old Infowars host filed for bankruptcy last year, just months after being told he would have to pay $965 million in damages and another $473 million in punitive damages.

In a filing filed Tuesday with a U.S. bankruptcy court in Texas, it was seen by The hillthe families and a committee of creditors said that he ‘has not presented any viable path to emergence.”

The filing added: “In short, Jones has in no way failed to act as the fiduciary mandated by the Bankruptcy Code in exchange for the breathing space he has enjoyed for nearly a year. His time is up.’

They also said that the right-wing personality has “yet to sell a single non-exempt asset” and that he continues to live a lavish lifestyle.

A parent walks away from Sandy Hook Elementary School with her children after a shooting at the school in Newtown, Conn., December 14, 2012

The filing added: ‘He has also not done much to preserve, let alone maximize, the value of his estate for the benefit of his creditors – primarily the victims of Jones’ ruthless campaign to harm the families of children and others to discredit those murdered in Sandy Hook. Primary school,’

“He has refused to stick to a reasonable budget or engage with the committee on ways to limit spending.

“And he has resisted initiating meritorious circumvention actions against insiders.”

“There can be little doubt that the Chapter 11 cases must be resolved expeditiously,” Tuesday’s filing continued.

It added: ‘Jones’ estate simply cannot finance bankruptcy indefinitely.

“Indeed, the estate not only bears the costs of Jones’ professionals, but also hemorrhages approximately $65,000 to $90,000 per month (excluding legal and professional fees) to fund Jones’ lifestyle.”

Last month, Texas Judge Christopher Lopez ruled that Jones cannot use his bankruptcy as protection.

Jones was ordered to pay damages after promoting a conspiracy theory that the 2012 massacre of 26 women and children at Sandy Hook Elementary School in Newtown, Connecticut, never happened.

Relatives of the victims testified during the trials that they were harassed and threatened by Jones’ believers, who made threats and even personally confronted the grieving families, accusing them of being “crisis actors” whose children never existed.

Sandy Hook families nearly won $1.5 billion in judgments against Jones last year in lawsuits alleging repeated promotion of the false theory.

But the families have yet to see a cent of the money the jury awarded them.

The twenty children killed in the Sandy Hook mass shooting. Top row (left to right): Ana Marquez-Greene, Caroline Previdi, Jessica Rekos, Emilie Parker, Noah Pozner. Second row: (left to right): Jesse Lewis, Olivia Engel, Josephine Gay, Charlotte Bacon, Chase Kowalski. Third row (left to right): Daniel Barden, Jack Pinto, Catherine Hubbard, Dylan Hockley, Benjamin Wheeler. Bottom row (left to right): Grace McDonnell, James Mattioli, Avielle Richman, Madeleine Hsu, Allison Wyatt

The adult victims of the Sandy Hook shooting included (from left to right): teacher Rachel Davino, 29, paraprofessional Anne Marie Murphy, 52, and permanent substitute teacher Lauren Rousseau, 30

The other three adult victims of the Sandy Hook shooting were (from left to right): teacher Victoria Soto, 27, school psychiatrist Mary Sherlach, 56, and principal Dawn Hochsprung, 47.

Meanwhile, Jones’ personal expenses totaled $93,000 in July alone, including thousands of dollars in meals and entertainment, according to his monthly financial reports in the bankruptcy case.

Court documents seen by DailyMail.com also showed he had lost $2.2 million in just eight months.

The money was spent on lavish purchases, including four cars worth $219,690 and two boats worth $114,300.

He racked up a whopping bill of $26,884 on meals and entertainment between December and July.

The podcast host also lists his other assets as his $2.6 million Austin home, despite the deed being transferred into his wife’s name in February, and a $1.7 million lake house about 20 miles away from his house.

Jones lists a $70,000 Dodge Charger and a $60,000 Chevy Tahoe among his assets in new bankruptcy filings

Jones’ $2.6 million home in Austin, Texas. Reports indicate that his assets total $15.7 million and his debts total $1.6 million

He also owns a $2.1 million ranch and a $505,000 rental property, according to Houston bankruptcy court filings.

Lawyers for the families have said in court that it is difficult for them to trace Jones’ finances because of the many companies he owns and the many deals between those business entities.

Jones has spent more than $1.5 million on legal and professional fees and has urged his fans to do the same donate to him and shop on the Infowars website so he can continue doing his program and pay his legal fees.

The amount of money Jones owes Sandy Hook families could grow even larger.

A lawsuit is still pending in Texas, filed by the parents of 6-year-old Noah Pozner, one of the children killed in the attack. A trial date has not yet been set.