Login or register
TV

"Girls Gone Wild" files for bankruptcy

Joe Francis

The company responsible for the adult entertainment franchise Girls Gone Wild filed for Chapter 11 bankruptcy on Wednesday. The company, developed by Joe Francis in 1997, primarily produces videos that involve camera crews at party locations filming and talking to young college aged women who “go wild” and expose their bodies for the camera. The videos were originally released on television in 30-minute infomercials on E! Entertainment Television, Fox Sports Net, BET, Comedy Central, Tech TV, Style, and all other major U.S. networks

In a statement released by the company on Thursday, their decision to file for bankruptcy was explained. "Yesterday several of the U.S. operating entities for Girls Gone Wild joined the ranks of companies like American Airlines and General Motors having sought reorganization under Chapter 11 of the United States Bankruptcy code." The company continued by saying “Girls Gone Wild remains strong as a company and strong financially."

"The only reason Girls Gone Wild has elected to file for this reorganization is to re-structure its frivolous and burdensome legal affairs," the statement continued. "This Chapter 11 filing will not affect any of Girls Gone Wild's domestic or international operations. Just like American Airlines and General Motors, it will be business as usual for Girls Gone Wild."

According to TMZ, the reason that Joe Francis’ company decided to file for bankruptcy in the U.S. courts is so that they can provide protection for themselves against creditors while they work on managing their debts.


Details
Leave a comment:

Nickname:


To prevent comment spam, we ask you to enter the security CAPTCHA code below. Also, as a not logged in user, you cannot use UBB or links. To get rid of these limitations, login or register for a tvrage account!

Related news

Ex-'CSI' star files for bankruptcy

The road has been a bumpy one for actor Gary Dourdan since he left CBS'..