The company behind Girls Gone Wild filed for Chapter 11 bankruptcy Wednesday, the company said in a statement.
"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 said in a statement Thursday. "Girls Gone Wild remains strong as a company and strong financially."
According to TMZ.com, the Joe Francis-founded company filed in U.S. Bankruptcy Court in order to provide the company protection from creditors while trying to sort out their debts.
"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 continues. "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."
Guess this means the girls are no longer going to go wild.
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The company behind Girls Gone Wild filed for Chapter 11 bankruptcy Wednesday, the company said in a statement.
"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 said in a statement Thursday. "Girls Gone Wild remains strong as a company and strong financially."
According to TMZ.com, the Joe Francis-founded company filed in U.S. Bankruptcy Court in order to provide the company protection from creditors while trying to sort out their debts.
"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 continues. "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."
Guess this means the girls are no longer going to go wild.
View original Girls Gone Wild Files for Bankruptcy at TVGuide.com
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