St. Louis Woman is Second Biggest Creditor in Girls Gone Wild Bankruptcy, Owed $5.7 Million

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joe francis 3.jpg
www.meetjoefrancis.com
Joe Francis
The parent company of porn proprietor Joe Francis's "Girls Gone Wild" franchise has declared bankruptcy in federal court in California. GGW Brands LLC has assets of less than $50,000 and owes creditors more than $16 million, according to court documents filed this week.

What that means for Tamarra Favazza, a St. Louis woman who won a $5.7 million judgment against Francis last summer is unclear. Though it will likely make it even more difficult to collect the sum. Last year, Favazza complained in federal court in St. Louis that Francis was hiding his assets to avoid the paying the judgment.

In the federal complaint filed last June, Favazza's attorneys argue that Francis has created multiple alter egos and shell companies in an attempt to fraudulently transfer assets and evade creditors. What's more, they say Francis is loaded and not the pauper he claims to be. Among his assets hidden away, says Favazza's lawyers, are:

  • a $2 million jet that seats 22 people
  • a $10 million house in Bel Air, California
  • a $30 million beachfront mansion in Punta Mita, Mexico
  • one or more vehicles valued at more than $100,000

Continue for details on Favazza's surprise appearance in a GGW film.


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10 comments
micah_s_25
micah_s_25

these girls knew what they were getting into, its once their parents see it that they deny consent

Joey
Joey

A $2M jet that seats 22 people? I don't think so... 

Steve Besher
Steve Besher

And they thought the could do as they wanted

Steve Besher
Steve Besher

And they thought the could do as they wanted

KITTY
KITTY

She doesn't deserve a penny! And while she won't get any money, she has the consolation knowing her tits are an internet sensation. Advice to you other club girls:  Drinkin and sluttin around inside a club may get you some dick or some embarrasing publicity like our infmous titty flasher at Rum Jungle. If the latter, you had it coming.

Mark Bland
Mark Bland

How can a 30 million dollar house be hidden away.

Mark Bland
Mark Bland

How can a 30 million dollar house be hidden away.

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