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Girls Gone Wild ***BANKRUPT*** compares itself to General Motors

Girls Gone Wild has filed for bankruptcy. But fear not, late night TV-watching perverts; you’ll still be able to order DVDs of drunk girls on spring break doing things that they’ll later regret.

GGW Brands filed for Chapter 11 in U.S. Bankruptcy Court in Central California on Thursday, claiming a little over $16 million in debts.

But according to the companies, things will carry on as normal in Girls Gone Wild-land, or at least as normal as things can be there.

In fact, the company claims, it’s just following in the footsteps of industry giants such as American Airlines and General Motors.

“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. Girls Gone Wild remains strong as a company and strong financially,” the company told TheWrap in a statement Thursday. “The only reason Girls Gone Wild has elected to file for this reorganization is to re-structure its frivolous and burdensome legal affairs. 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.”

The “burdensome legal affairs” could be interpreted as referring to the millions in damages that Girls Gone Wild mogul Joe Francis has had rendered against him in recent years. As Bloomberg points out, a judge awarded casino boss Steve Wynn and his Wynn Las Vegas $7.5 million in April, after Francis claimed that Wynn had swindled deep-pocketed gamblers.

(In September, that number ballooned to $40 million, after Francis was slapped with punitive damages and compensatory damages.)

There have been other legal liabilities, such as a judgment with St. Louis woman Tamara Favazza, who was awarded $5.8 million after suing Francis in 2008, claiming that Girls Gone Wild used naked images of her without her consent.

The bankruptcy filing lists its biggest debt as $10.3 million to Wynn Las Vegas, and also lists $5.8 million in debt to Favazza.

The filing lists both of those debts as disputed.

While this would seem to indicate an attempt to shield Francis from the awards, Girls Gone Wild attorney Ronald Tym told TheWrap otherwise, saying that Francis - whose name isn’t mentioned in the bankruptcy filing — won’t be affected by filing.

“Mr. Francis is not an officer, owner or employee of any of the entities that filed for bankruptcy and therefore the filing has no effect on the assets of Mr. Francis,” Tym said.

by Anonymousreply 2303/01/2013

Do they also make "guys gone wild"?

by Anonymousreply 103/01/2013

Hate guys gone wild...all shaved.

by Anonymousreply 203/01/2013

So, based on what R2 said, is "Guys Gone Wild" just a collection of femmy twinks pretending to be frat boys on spring break?

by Anonymousreply 303/01/2013

If only Donald Trump was next. The two most repulsive people on the planet.

by Anonymousreply 403/01/2013

Thank goodness. Joe Francis was a prick.

by Anonymousreply 503/01/2013

Guys gone wild is just as authentic as Girls. Drunk frat boys getting naked. It seems a lot of young guys are shaving themselves hairless.

by Anonymousreply 603/01/2013

Guys is not authentic at all. sorry kiddo.

by Anonymousreply 703/01/2013

Is Guys even done by the same team like Girls Gone Wild or is it just some clips they buy on the cheap?

by Anonymousreply 803/01/2013

At least one of the guys from the Guys Gone Wild I watched was a porn star. Don't know about the others.

by Anonymousreply 903/01/2013

Those bitching about Joe Francis here are fraus and lesbians with daddy issues, make no mistake about it.

by Anonymousreply 1003/01/2013

Uh, no, Joe Francis was a deadeyed rapist who took advantage of drunk girls, ruining a lot of lives. He is evil and on top of that a total douche. You really aren't a very good judge of character are you, R10?

by Anonymousreply 1103/01/2013

Guys is a B team of men who shoot the vids, the women's voices are done via dubbing. None of those 'boys' could get it up with a female in the room.

by Anonymousreply 1203/01/2013

One of the guys on guy gone wild was a regular on Corbin Fisher a couple of years ago.

Isn't Guys Gone Wild made by someone else and the one who makes them pays a licence fee to use the name or brand?

by Anonymousreply 1303/01/2013

Nope...Guys gone Wild is the same company.

Guys gone Crazy is someone else.

by Anonymousreply 1403/01/2013

I love those guys

by Anonymousreply 1503/01/2013

Isn't it more "Strippers Making Some Extra Cash" than anything else? Most of those "college students" look like they've been around the block more than a few times?

by Anonymousreply 1603/01/2013

Ha. Couldn't have happened to a nicer guy.

by Anonymousreply 1703/01/2013

[quote]Those bitching about Joe Francis here are fraus and lesbians with daddy issues, make no mistake about it.

You clearly don't know a thing about Joe Francis. He's disgusting, make no mistake about it.

by Anonymousreply 1803/01/2013

[quote]Guys gone wild is just as authentic as Girls.

Yeah, including the guys they recruited from gay porn studios.

by Anonymousreply 1903/01/2013

Here's a nice little anecdote about Joe Francis for those who harbor the delusional belief that only man hating fraus and lesbians could possibly dislike him.

by Anonymousreply 2003/01/2013

Wasn't Joe Francis on the Million Dollar Decorator show boasting about his wealth and having gay friends like Lance Bass coming to his wedding? He came off like a total douche.

by Anonymousreply 2103/01/2013

With all the free porn on the net, who the hell pays for these DVDs?

by Anonymousreply 2203/01/2013

Joe Francis is sleaze personified. A vile, vile man.

by Anonymousreply 2303/01/2013
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