Alex Jones has filed for bankruptcy just weeks after being ordered to pay the families of Sandy Hook victims $1 billion in damages for saying the 2012 school shooting was a hoax, Breaking Celebrity News has learned.

The filing reportedly came on Wednesday and, according to Jones’ list of assets, the 48-year-old InfoWars founder is worth less than $10 million while his debts are currently between $1 billion and $10 billion.

News of Jones’ bankruptcy also came after the disgraced conspiracy theorist pushed his viewers to purchase his products in an effort to avoid filing for Chapter 11 bankruptcy.

“If we don’t get solvent and get enough money to come out of this bankruptcy, they’ll appoint a receiver and start selling off the equipment” Jones said in an August after a first judgement found him liable for $50 million in damages.

As Breaking Celebrity News previously reported, Jones was ordered to pay the families of Sandy Hook victims $965 million in damages in October after he repeatedly claimed the 2012 school shooting – which saw 20 children tragically killed – was a “hoax” involving planted crisis actors.

Jones was then ordered to pay another $473 million in punitive damages to the families, leaving the total he owed the families of those killed in the Sandy Hook school shooting to be a whopping $1.43 billion.