Where do the girls with the daddy issues go now as "Girls Gone Wild" files for bankruptcy?

Where do the girls with the daddy issues go now as "Girls Gone Wild" files for bankruptcy?

VicesMarch 02, 2013

Joe Francis and the company he founded in 1997 have hit a speed bump in helping ambitious females make a name for themselves in movies. The privately held company behind the "Girls Gone Wild" brand has filed for Chapter 11 bankruptcy citing $16 million in debts according to court papers. 

A recent company statement claims that fans should not worry and that girls are still going wild and operations are functioning at a high level although the company claims the value of all assets sits at $50,000. The main reason for the reorganization is the piling financial obligations from 'frivolous and burdensome legal affairs'.

Last year, Joe Francis went wild himself and began spreading a rumor that Casino tycoon Steve Wynn threatened his life over an outstanding gambling debt. Wynn didn't go down without a fight and eventually won his counter suit against Francis for $40 million claiming defamation and emotional stress. 

If this lawsuit didn't hurt enough, the company soon learned that exposing a girl's boobs in a bar without her consent can carry serious ramifications; ramifications totaling $5 million as was the settlement when a young lady filed a lawsuit against the company when her boobies appeared in a DVD without her consent. 

Whether Girls Gone Wild regroups from this blow has yet to be seen. But the real questions remain: who will give out the fashion-forward GGW hats? Or cruise across America looking for the wildest party girls? Or provide late night television programming with entertaining infomercials?