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 stop his lavish lifestyle after being ordered to pay them $1.5 billion in damages.

The Infowars host, 49, filed for bankruptcy last year, just  months after being told to pay $965million in compensation and an additional $473million in punitive damages.

In a Tuesday filing in a U.S. Bankruptcy Court in Texas seen by The Hill, the families and a committee of creditors said he 'has not presented any viable path to emergence.'

The filing added: 'In short, Jones has failed in every way to serve as the fiduciary mandated by the Bankruptcy Code in exchange for the breathing spell he has enjoyed for almost a year. His time is up.'

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

The filing added: 'Nor has he done much of anything to preserve, let alone maximize, the value of his estate for the benefit of his creditors—predominantly the victims of Jones's relentless campaign to defame the families of children and others murdered at Sandy Hook Elementary School,'

'He has refused to adhere to a reasonable budget or engage with the Committee on ways to limit spending.

'And he has resisted commencing meritorious avoidance actions against insiders.'

'There can be little doubt that the Chapter 11 Cases must resolve soon,' the Tuesday filing continued. 

It added: 'Jones's estate simply cannot fund an indefinite bankruptcy. 

'Indeed, the estate is not only bearing the costs of Jones's professionals, but also hemorrhaging approximately $65,000 to $90,000 a month (excluding legal and professional fees) to bankroll Jones's lifestyle.' 

Last month, Texas Judge Christopher Lopez issued a decision and ruled that Jones can't use his bankruptcy as protection. 

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

Relatives of the victims testified at the trials about being harassed and threatened by Jones´ believers, who sent threats and even confronted the grieving families in person, accusing them of being 'crisis actors' whose children never existed. 

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

But the families are yet to see a penny of the money that juries awarded them.

Meanwhile Jones' personal spending topped $93,000 in July alone, including thousands of dollars on meals and e ntertainment, according to his monthly financial reports in the bankruptcy case.

Court documents seen by DailyMail.com also revealed he blew through $2.2 million in just eight months.

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

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

The podcast host also lists his other assets as his $2.6million Austin home, despite transferring the deed into his wife's name in February, and a $1.7million lake house property around 20 miles from his home.

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

Lawyers for the families have said in court that it has been difficult for them to track Jones' finances because of the numerous companies he owns and multiple deals among those corporate entities. 

Jones has forked out more than $1.5 million on legal and professional fees and has been urging his fans to donate to him and shop on the Infowars website so he can keep doing his program and pay his legal costs. 

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

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