Girls Gone Wild files for bankruptcy While Steve Wynn Tries to Collect Money Owed To Him

Girls Gone Wild company has filed for Chapter 11 bankruptcy. 

  The 39-year-old Joe Francis and his  company owes more than $16 million in disputed claims, according to multiple reports.

The filing was made in an effort to keep Las Vegas hotel boss Steve
Wynn
from securing the company’s assets to satisfy a $10.3 million
gambling debt lawsuit.

The hotel mogul was awarded a $7.5 million judgment for defamation
in 2007 after Francis claimed the casino tycoon threatened to kill him. A
jury later awarded Wynn an additional $20 million for punitive damages
for slander.

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