Joe Francis to file for bankruptcy over $33 million IRS tax lien

I often wish TMZ would fill in more details in their stories. They usually just list the facts, and when they’re particularly explosive, I want to know more dirt. In this recent story on Joe Francis’ money problems, they just let us know in a matter-of-fact way that the IRS seized $100 million dollars in cash from Francis’ accounts, that they’ve placed a whopping $33 million lien on his assets, and that he’ll probably have to declare bankruptcy.

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