‘Girls Gone Wild’ Liquidating Chapter 11 Plan Approved After Reaching Settlements

Trustee R. Todd Neilson, who sold the “Girls Gone Wild” franchise started by Joe Francis for $1.83 million, got approval of a Chapter 11 plan of liquidation about two years after the bankruptcy began (In re GGW Brands LLC, Bankr. C.D. Cal., 13-15130, plan confirmed 3/2/15).

A judge in Los Angeles signed an order March 2 approving the plan, which provides for the liquidation of the GGW companies’ remaining assets.

Holders of priority tax and non-tax claims, plus bankruptcy costs other than professional fees, will be fully paid.

To cover about $34.2 million of claims, general unsecured ...