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Girls Gone Wild Founder Files for Bankruptcy

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ggw_235x1601The Wall Street Journal reports that Girls Gone Wild Founder Joe Francis has put his adult empire – including GGW Brands LLC and other companies related to the brand – under Chapter 11 bankruptcy protection Wednesday in California, listing a $10.3 million debt in the petition.

Francis reportedly filed for bankruptcy to protect his assets from Steve Wynn’s Las Vegas resort following accusations that the GGW honcho failed to pay a $2 million gambling debt to the hotel during a 2007 trip. Attorneys for the Lynn Resort recently began targeting GGW assets to collect payment, but the bankruptcy filing will halt those efforts.

Please visit the above link or Adult Video News here for more on this story.

Written by Adam Wilcox

February 28, 2013 at 5:24 pm

Posted in News

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