NEW YORK — Conspiracy theorist Alex Jones has asked a U.S. judge to convert his bankruptcy into a Chapter 7 liquidation, giving up on an effort to settle massive legal judgments related to his lies about the 2012 Sandy Hook Elementary School massacre.

Jones believes that “there is no reasonable prospect of a successful reorganization” of his debts, most of which stem from $1.5 billion awarded in defamation lawsuits, his attorneys said in a court filing late on Thursday. A Chapter 7…