Skip to main content

Exit WCAG Theme

Switch to Non-ADA Website

Accessibility Options

Select Text Sizes

Select Text Color

Website Accessibility Information Close Options
Close Menu
Kelley, Fulton, Kaplan & Eller West Palm Beach Bankruptcy & Business Attorneys
  • Call Today For A Consultation!

FriendFinder Files For Bankruptcy


In September 2013, Penthouse Publisher filed for bankruptcy after failed attempts at combining social networking with sex. FriendFinder Networks also operated several dating sites, such as, as well as many more adult sites, and the company hopes to resolve more than $300 million in debt with the deal — but shareholders in the company will be left with nothing.

FriendFinder’s CEO blamed the bankruptcy on decreased membership, increased advertising costs and credit card companies’ refusal to process adult online transactions. After Chapter 11 is completed, FriendFinder will no longer be publically traded. The company has reportedly not been profitable since 2008.

Chapter 11 bankruptcy is a way for businesses to continue operations and reorganize debt to come out from under the filing as a more profitable company. It’s different from Chapter 7 in the sense that in Chapter 7 bankruptcy, assets are liquidated and debts are resolved on the spot. Chapter 11 gives you the ability to reorganize debt into a payment plan to be paid off over a longer period of time than the debtor may have had before.

To be eligible for Chapter 11 bankruptcy, the individual or business must be able to stick to the payment plan. If not, they are forced into Chapter 7 bankruptcy and assets are liquidated. Typically, Chapter 11 filers are businesses, but in some cases, very wealthy individuals can also file Chapter 11 if they don’t meet the means test for other types of filings.

Contact The Law Office of Kelley Fulton Kaplan & Eller to discuss your bankruptcy options with a qualified personal bankruptcy attorney in Florida.

Facebook Twitter LinkedIn

By submitting this form I acknowledge that form submissions via this website do not create an attorney-client relationship, and any information I send is not protected by attorney-client privilege.

Skip footer and go back to main navigation