Joe Francis is the founder of Girls Gone Wild, the stupid and exploitational soft core porn company. For example, a woman at a club who had her top pulled down found herself in one of the videos and successfully sued. Lots of women complaining about the terms of the releases they sign. And, of course, Francis' little tiff with casino mogul Steve Wynn, whom Francis owes about $40 mil, including $27.5 mil for slander (Francis claimed Wynn was trying to kill him) and $10.3 to settle a $2 mil gambling debt. Wynn has been moving to seize the assets of Girls Gone Wild to settle that last one.
Francis has filed bankruptcy. He claims it's just to reorganize and protect from frivolous lawsuits, but I've watched Chapter 11 before (the SCO fiasco), and what he thinks is going to happen is not how it will turn out.
I just hope it means we are going to be rid of this anus stain.