Conspiracy theorist Alex Jones has agreed to sell his assets to help pay the massive debt he owes to families of the Sandy Hook shooting victims, whom he has spent years spreading lies about and defaming.

Jones’ decision to liquidate his assets this week ends his pursuit of Chapter 11 bankruptcy as part of an effort to avoid paying the $1.5 billion he owes the families after they successfully sued him for defamation in Texas and Connecticut. The move also could see him lose ownership of Infowars, the far-right platform from which he’s peddled lies that the deadly Sandy Hook Elementary School shooting was a “hoax” perpetrated to strip Americans of their Second Amendment rights. Proceeds from the sale of his assets would go to his creditors and the families.

“Alex Jones has hurt so many people,” Christopher Mattei, who represents the Sandy Hook families, said in a statement. “The Connecticut families have fought for years to hold him responsible no matter the cost and at great personal peril. Their steadfast focus on meaningful accountability, and not just money, is what has now brought him to the brink of justice in the way that matters most.”

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Jones’ Chapter 7 liquidation will not cover the debt that he owes the shooting victims’ families, but it is an outcome they have been seeking. Last year, Jones offered the families a $55 million settlement, a fraction of the $1.5 billion he owes them. The families filed a counterproposal that sought to liquidate nearly all his assets, including Free Speech Systems, the company that owns Infowars. A judge is set to rule on June 14 as to whether Free Speech Systems will be liquidated.

The far-right radio show host spent part of his Friday broadcast railing against the latest development in his financial troubles, NBC News reported. He also lamented Infowars’ potential impending doom, though he suggested he may “relaunch” a similar platform.