According to a court document, right-wing conspiracy theorist Alex Jones has filed for Chapter 11 Bankruptcy.
A Connecticut judge ordered Jones to pay over $473 million in punitive damages last month in addition to a nearly $1 billion judgment rendered in October for his defamatory statements on the 2012 Sandy Hook school incident, which he claims was staged.
According to the court statement, Jones has assets worth up to $10 million and liabilities worth up to $10 billion.
Additionally, it states that Free Speech Systems, a subsidiary of Jones and the parent company of Infowars, declared bankruptcy in July.
In a case brought by the family members of more than a dozen Sandy Hook victims, a Connecticut jury sentenced Jones and Free Speech Systems to pay almost $1 billion in damages in October.
A Texas jury in August ruled that Jones must pay the parents of a 6-year-old child slain in the Sandy Hook shooting $45.2 million in punitive damages in addition to $4.1 million in compensatory damages. The decision was made in a different lawsuit.
Jones has long maintained that the 2012 massacre at Sandy Hook Elementary School, which resulted in the deaths of 20 children and 6 adults, was staged with actors as part of a government scheme to take American firearms.
Since then, he has admitted that the shooting occurred.