Paul Teutul, Sr. of American Chopper Files For Bankruptcy
Updated August 16, 8:56 a.m.
Paul Teutul of American Chopper, filed for Chapter 13 bankruptcy in New York.
His family property listed at 95 Judson Road, Montgomery, New York, is currently in foreclosure and up for sale. According to his bankruptcy petition, he has fifty creditors, owing more than $1 million. His net worth is $1.8 million. His current income is listed at $15,070.93 per month with $12,612 in expenses.
Other debts include a $32,000 judgment, and more than $150,000 in taxes to the town of Crawford, NY, and $21,000 in credit card debt.
His bankruptcy comes days before a revival of American Chopper is set be aired on the Discovery Channel.
Alexander Hernandez, Esq.