Girls Gone Wild has gone Chapter 11!
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“Girls Gone Wild” has gone bankrupt …and this makes me smile. Unfortunately, ‘GGW’ honchos have insisted that “it will be business as usual” for the porn company, they’ve just filed for Chapter 11 protection.
Lawyers for ‘GGW’ filed docs yesterday in U.S. Bankruptcy Court … which gives the company protection from creditors while it comes up with a plan to handle all its debts.
According to the docs … there are 3 subsidiaries of ‘GGW’ filing for Chapter 11 — GGW Magazine, GGW Events, and GGW Direct.
In a statement, the company says it remains financially strong … and throws other corporations under the bus … claims it’s just “like American Airlines and General Motors having sought reorganization under Chapter 11.”
As for GGW founder Joe Francis … he assures us this has no affect on his personal wealth.
Girls Gone Wild has ALWAYS bothered me. It has crossed the line of pedophilia several times. Getting drunk girls to bare their chests is just creepy – I don’t care what anyone says.
February 28th, 2013 at 5:44 pm
Joe Francis better enjoy it now because I think he’s in for a rude awakening in the next life. Skeezy perv
February 28th, 2013 at 8:44 pm
Thankfully Joe Francis reassured us that his wealth is unaffected. I didn’t know how the hell I was going to make it through the rest of the night.
On the other hand, he’s an asshole who hits women so IDGAF.