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“American Chopper” Star Paul Teutul Files for Bankruptcy

Submitted by ckanon@abi.org on
“American Chopper” star Paul Teutul filed for chapter 13 in New York just days before the show was set to air, Page Six reported. Teutul filed paperwork claiming that he owes close to 50 creditors $1,070,893.44 and that he was only worth $1,801,729. He listed that he makes $15,070.93 per month, but spends $12,612. He listed the family property in Montgomery, N.Y., in his filing, claiming that he has a “fee interest” worth $1.8 million in the home. He recently put the home on the market and now it is in foreclosure. He also listed three cars, “four dogs” and “one old desktop” as part of his assets. Teutul claimed that there is a $32,000 judgment against him and that he owes $151,230.98 to the Town of Crawford, N.Y., for taxes as well. He also needs to pay $21,300 to different credit card companies. He has medical bills totaling more than $2,000, but it is unclear what procedures he has had done. Teutul listed his occupation as a “steel fabricator” for the Orange County Choppers with a salary of $13,398.67 per month. He did not list any television work. Teutul rose to fame on the Discovery Channel show that aired from 2003-10. The show’s revival is set to return Thursday.
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