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OCC Foreclosure Shocker: Paul Teutul Sr.'s Business Is Going Under?

occ foreclosure orange county choppers foreclosure

OCC foreclosure: Are the rumors true? Is Orange County Choppers bankrupt?

Lately the drama on “American Chopper: Senior Vs. Junior” has centered on the two warring Teutuls. But now it seems Paul Teutul Sr. may have another enemy: The bank. There are OCC foreclosure rumors swirling around the web this morning. Is Orange County Choppers in foreclosure? Is OCC bankrupt?

It’s certainly been a difficult time for a luxury business like Orange County Choppers and Paul Jr Designs, as people are less likely to indulge during a recession. But whether OCC is in foreclosure is very uncertain.

Initially people thought the OCC foreclosure rumor was started from a Huffington Post article that referred to the Office of the Comptroller of the Currency (get it OCC). But then this morning another article came out suggesting that in addition to the Orange County Choppers lawsuit between Paul Sr. and Jr., the OCC foreclosure is very real OCC missed payments totalling $100,000 last year. I’ve never heard of the web site that printed this article, though, so I’m not sure about the credibility.

What do you think? Is Orange County Choppers in real danger? What have you heard?

Source

Photo: TLC

OCC Foreclosure Shocker: Paul Teutul Sr.’s Business Is Going Under?

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