Girls Gone Wild Files for Chapter 11 Bankruptcy

Oh NO! Say it aint so Joe! Couldn't have happened to a "nicer" guy. hahahahaha According to court papers there is less than $50,000.00 in cash on hand and more than $16 million in actual debts. A large portion of that is owed to the Wynn Casino in Las Vegas, about $10.6 million. WTF!!! Clearly Joe Francis has a gambling problem. Why didn't someone step in and get him some help? Where was the board of directors for his corporations? And why was he allowed to use company funds to gamble with? Joe is such an arrogant asshole so I'm not sorry to see he is once again in trouble. Maybe he should sell his $20 Million dollar house in Mexico or his private jet or one of the many other assets he has? I hope the IRS steps in and seizes all of his cars, houses, jets and etc to pay off his delinquent taxes too. Just like they did to Peabo Bryson; a few years ago the IRS seized Peabo's Atlanta home and auctioned off the contents. I wonder if Joe can go back to jail for not paying off the $10.6 million? I hope so. He certainly deserves to be locked up again. hahahaha