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‘Girls Gone Wild’ Files For Bankruptcy, But Parents Of College Girls Everywhere Can’t Rejoice

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shutterstock_105048755Girls Gone Wild – the company started by Joe Francis that made a fortune off of shoving consent forms in the faces of drunk college-aged girls and getting them to flash their boobs for no compensation – is filing for bankruptcy. How sad.

Girls Gone Wild Brands LLC has almost $16 million in debt and a measley $50,000 in assets. True to form, Francis is filing bankruptcy to dodge paying up the abundance of legal debts he has acquired. The loss of several high-profile lawsuits have left Francis and his company in serious financial trouble. Why pay your debts when you can skip out on them by filing bankruptcy? Does this sound eerily familiar? Why pay models when you can trick barely legal girls into taking their clothes off for free?

The road to bankruptcy unfolds like some sort of twisted soap opera. Francis owes a gambling debt of $10.3  to Las Vegas casino owner, Steve Wynn. Insisting Wynn was trying to kill him for not paying up – he earned himself a slander suit and added $7.5 million more to his debt. Genius.

Unfortunately, the “restructuring” will only serve to try an divert the company’s “frivolous and burdensome legal affairs.” The company made this statement to Bloomberg News: “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.”

It infuriates me that I am drowning under a few thousand dollars in debt that I am not willing to trash my good credit on by filing bankruptcy, and companies like this one dump millions of dollars worth of debt like it’s yesterday’s trash. Then they go on to operate “business as usual.” That business being, of course, taking advantage of our daughters for insane amounts of profit.

I think every family should force their teenagers to sit through a few GGW tapes at family dinner. It would be a good lesson to girls and boys alike. You can talk about the gravity of consent forms and prepare your daughters for lecherous companies like GGW. But that would involve actually purchasing one of their videos.

Never mind.

(photo: s_bukley/ Shutterstock.com)