Maybe Alex Jones thinks that karma is a hoax, too

From CBS -

Alex Jones' Infowars files for bankruptcy in wake of defamation suits over his assertions that the Sandy Hook massacre was a hoax

Far-right website Infowars and two other companies owned by radio host Alex Jones have filed for Chapter 11 bankruptcy protection in light of several defamation lawsuits. The filings were made in the U.S. Bankruptcy Court for the Southern District of Texas.

Chapter 11 bankruptcy procedures put a hold on pending civil litigation while letting a business keep running as it prepares a turnaround plan.

Court documents seen by CBS News show that the companies that filed were Infowars,  IWHealth aka Infowars Health, and Prison Planet TV.

My guess is that the only "hoax" involved in his bankruptcy filing is the filing itself.