Guys Gone Bankrupt: Infamous Party-Video Company Files for Chapter 11

Since 1997, the Girls Gone Wild DVD series has entertained millions with its endless parade of party-crazed young women who whoop it up on camera while in various states of undress.  The series’ popularity and staying power can be measured by the fact that it remained a big moneymaker well after this sort of thing became readily available for free all over the Internet.  It goes without saying that Girls Gone Wild isn’t for all tastes, and the videos—not to mention their flamboyant creator, Joe Francis—have attracted many detractors over the years.

Recently, the Web filled with schadenfreude when it was announced that GGW Brands LLC, the company behind these videos, had filed for Chapter 11 bankruptcy.  Various commentators predicted the imminent demise of girls going wild for our amusement, but as readers of this blog understand, Chapter 11 is a “restructuring” option that allows a company (less commonly an individual) to continue operations while the debt is reconfigured.  This seems to be the case here, as the company’s official statement promises that it’ll keep running “just like American Airlines and General Motors” while it shields itself from several recent court judgments against it.

Chapter 11 bankruptcy is an option for companies and individuals whose debts exceed the maximum amounts allowed by Chapters 7 & 13.  If this situation applies to you, call Long Island Chapter 11 lawyer Ronald D. Weiss today.