The company that produces the ‘Girls Gone Wild’ videos has filed for Chapter 11 bankruptcy, USA Today reported Thursday, in order to dodge debts and legal awards it would be required to incur otherwise:
The company said the bankruptcy filing, made Wednesday in Los Angeles, will not affect its operations.
“Just like American Airlines and General Motors, it will be business as usual for Girls Gone Wild,” the company said in a statement.
GGW Brands filed for bankruptcy “to restructure its frivolous and burdensome legal affairs,” Francis’ executive assistant said in an e-mail to Bloomberg News. She said Francis has not owned the company for two years.
