The creators of “Girls Gone Wild,” the go-to semi-porn for low-budget perverts, have filed for Chapter 11 bankruptcy, prompting fathers of teenage girls everywhere to rejoice.
The show — of late-night infomercial fame — is a long-running production of GGW LLC that became wildly successful for filming intoxicated young women on vacation either flashing their breasts or getting into some girl-on-girl action.
But the company currently claims to have $16.3 million in debts with only $50,000 in assets, after a series of seemingly inevitable lawsuits, according to Bloomberg News.
Last year, Wynn Las Vegas LLC — casino billionaire Steve Wynn’s company — won a $10.3 million slander lawsuit against GGW founder Joe Francis, after he said that the casinos tricked high rollers.
Another woman recently won a $5.8 million lawsuit against GGW after it used her image on promotional materials without her permission.
Sorry, dads, but don’t breathe easy just yet. The company claims that the bankruptcy protection will not halt any of its current “operations” (its “operations” being the filming of naked, drunk girls).
“This Chapter 11 filing will not affect any of Girls Gone Wild’s domestic or international operations,” the company said in an unintentionally hilarious statement. “Just like American Airlines and General Motors, it will be business as usual for Girls Gone Wild.”
Uh uh, because Girls Gone Wild is just like American Airlines or General Motors.
Francis has lost a series of multi-million dollar lawsuits, some related to gambling and others related to GGW enterprises and seems to be one shady character in general.
It’s only a matter of time before “Girls Gone Wild” becomes as inconsequential as late-night infomercial.
