BREAKING: Alex Jones files for bankruptcy

On October 12, the political commentator was commanded to pay the families of the victims of the shooting $965 million. A month later, a judge upped the punishment by another $473 million in punitive damages in the defamation suit.

A US bankruptcy court filing shows that Jones filed for Chapter 11 protection from creditors, reported Reuters.

According to the filing, Jones has $1-10 million in assets and $1-10 billion in liabilities.

Though Jones has walked back his statements on his theories on what took place on December 14, 2012, at Sandy Hook Elementary School, Connecticut Judge Barbara Bellis stated in her ruling for an additional $473 million that, "The record clearly supports the plaintiffs' argument that the defendant's conduct was intentional and malicious, and certain to cause harm by virtue of their infrastructure, ability to spread content, and massive audience including the infowarriors."

According to Fox News, Included in the $473 million is $150 million which will be paid for violating the Unfair Trade Practices Act in Connecticut. The rest of the money will go toward attorney fees and additional costs for the plaintiffs.

The fine was handed to Jones, as well as Free Speech Systems, the parent company of Infowars. Free Speech Systems reportedly filed for bankruptcy in July.

In a separate case heard in August, a Texas jury found that Jones must pay the parents of a boy killed in the shooting $45.2 million in punitive damages, plus $4.1 million in compensatory damages.

According to Jones's lawyer, he will attempt to appeal both the Connecticut and Texas verdicts.