No big surprise here. Another pussy that doesn't pay his debts
Girls Gone Wild founder Joe Francis filed for Chapter 11 bankruptcy protection for his soft-core porn business, GGW Brands LLC, amid a legal battle with casino mogul Steve Wynn.
Francis, 39, filed for bankruptcy on Wednesday in California, a move that will protect his assets against a long-standing lawsuit by Wynn, reported the Wall Street Journal.
Among the four largest creditors that Francis listed, the largest was $10.3 million in disputed debt with Wynn Las Vegas. The dispute stems from a $2 million gambling debt Francis incurred during a trip to the resort in Feb. 2007, according to court papers.
Last year, a judgment of $7.5 million was given to the hotel for defamation “stemming from Francis’s public attack falsely accusing Wynn of deceiving customers,” according to the lawsuit filed by the resort. In September, a jury awarded Wynn another $20 million for punitive damages for slander.
http://abcnews.go.com/blogs/business...wild-bankrupt/