Conspiracy theorist Alex Jones has filed for Chapter 11 bankruptcy seeking financial protection in a Texas court on Friday.

In his filing, Mr Jones asserted more than $1.5 billion damages had been awarded against him to family members of the Sandy Hook shooting victims as punishment for his reckless lies about the elementary school shooting.

He told the court his liabilities between one dollar to $10 billion had far exceeded his assets estimated to be worth between one dollar to $10 million.

Mr Jones’ filing for bankruptcy at the Southern District of Texas in Houston came shortly after Free Speech Systems, the parent company to Infowars, also filed for bankruptcy in July.

However, his personal bankruptcy declaration may stall the payment of compensation to the relatives of the 2012 school shooting victims. that killed at least 26 persons.

Mr Jones, then, falsely claimed the shooting was staged and referred to the victims’ families and first responders as “crisis actors”.

However, his personal bankruptcy declaration could delay the delivery of compensation to the relatives of the victims of the 2012 school shooting, which left at least 26 people dead.