For years, Alex Jones was accused of making tens of millions in annual supplement sales by broadcasting defamatory denials about the Sandy Hook massacre on his conspiracy and merchandizing platform, Infowars.

Now, a federal bankruptcy official in charge of liquidating everything Jones owns to pay Sandy Hook families a token of the $1.5 billion he owes them has scheduled the Jones-owned company for the auction block.

The bankruptcy official told a federal judge in Texas that "multiple parties" want a piece of Jones' bankrupted parent company known as Free Speech Systems. The parts of the FSS business buyers want to bid on range from "the trademarks, domain names, copyrighted material, social media accounts, and any other transferable intellectual property rights" to broadcast studio technology and video-production equipment.

"At the conclusion of the assets sales, the trustee would terminate operations, dismiss the employees and contractors, and take appropriate steps to dissolve and wind down the FSS entity consistent with any further order of this court," wrote attorneys for U.S. Trustee Christopher Murray to federal bankruptcy Judge Christopher Lopez in a late-August filing. "The trustee believes an orderly sale of FSS's non-cash assets would generate substantial cash and maximize value for all stakeholders."

By "substantial" the trustee does not mean anywhere near the hundreds of millions Jones owes Sandy Hook families who won defamation cases against him in Texas and Connecticut in 2022 after he called the slaying of 26 first graders and educators at Sandy Hook Elementary School in 2012 "staged," "synthetic," "manufactured," "a giant hoax," and "completely fake with actors."

Instead, the trustee is referring to an estimated $1.8 million from the auction of Free Speech Systems and Infowars, once liquidation costs and lawyers' fees are extracted.

In a similar but separate case of Jones' personal bankruptcy case, no more than $3-to-$4 million would be left to distribute among Sandy Hook families once expenses are subtracted, according to a liquidation analysis.

In addition, the trustee has held onto profits Jones and his Infowars show have generated.

"Since the dismissal of its bankruptcy case, FSS and its 46 employees and independent contractors have continued to operate and produce substantial positive cash-flow in anticipation of an eventual disposition of its assets and wind down," the trustee's filing to the judge reads. "The trustee has to date taken possession of approximately $2.3 million in FSS cash, which he is holding pending further order from the court."

News that the trustee has scheduled Jones' parent company for the auction block means that the days of the Alex Jones Show and Infowars as the world knows it are down to a few months.

"The trustee proposes a two-phase auction for the assets of FSS," Murray's filing reads. "The trustee anticipates completing phase one within 60 days of entry of an order approving this process. Phase two would likely conclude another 30-to-45 days after that."

The next step is for Lopez to conduct a Sept. 24 "sale hearing," and decide whether to agree to the trustee's timetable.

The trustee, who was appointed by the judge to liquidate Jones' personal and business estates, assured the judge that the auction "will promote active bidding from interested parties and will elicit the highest or otherwise best offers available for the assets."

As a result, the trustee said, Sandy Hook families "can be assured that, taking into account current economic conditions, the (proceeds) obtained will be fair and reasonable and at or above market."