• Jan 27th 2011 at 5:00PM
  • 54
Drama. It's what the television show American Chopper has always been built upon, much more so than any of its so-called 'theme bikes.' And drama is exactly what's been unfolding over the last few years as both Orange County Choppers and its hit TV show have undergone a number of important changes... not the least of which is the disintegration of family relations between the show's three stars, Paul Teutul Sr., Paul Jr. and Mikey, leading to two rival custom motorcycle shops.

The latest bit of tension is reportedly between Paul Sr. and GE Capital, the bank though which the company's massive corporate headquarters in New York is financed. According to reports, the elder Teutul has missed two large payments on the building, one for $96,400 and another for $14,000, not because he or the company doesn't have the funds, but due to a disagreement in the current valuation of the building.

As anyone who's had the displeasure of dealing with such ramifications of the recently collapsing values of real estate here in the United States can tell you, OCC's HQ likely is worth less now than when it was built, but that doesn't mean payments on the loan (in this case, there are two loans, one for $11.5 million and another for $1.5 million) can be stopped.

Not surprisingly, GE Capital reportedly filed a foreclosure action against Orange County Choppers late in 2010.

[Source: Times Herald-Record via Asphalt & Rubber | Image: BigJimInDC – C.C. 2.0]

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    • 1 Second Ago
      julie williams
      • 4 Years Ago
      sorry to hear that occ are foreclosing but snr brought this upon himself, by the way he conducted his buisiness, by the way he treated his family, they were the backbone of this business, particularly paul jnr who workd his butt off for him, now the rest face unemployment, it's hard to run a business in this economic climate, but by witholding mortgage payments, you pretty much did this to yourself, thought you had more brains than that, but i guess you don't, and another fine company goes down the drain, rip occ.
      • 4 Years Ago
      American Chopper was about "Bike assembly" not bike building, big difference from Indian Larry to Paul Sr. ....Jr. is the talented one, and he's gone. Rick can shape metal, but the rest are never working on engines of transmissions, just mounting headlights and chains. You want a real bike that can be ridden for 40 years, see Russell Mitchell at EXILE CYCLES . You want something you can stare at in you driveway, get an OCC bike.
      • 4 Years Ago
      I bet Sr. would have made bigger payments if the market value of the place went up.

      Yeah right.
      • 4 Years Ago
      I can't stand the bikes they build. They think it's a theme bike if they put a wrench on the gastank.

      That being said, I do love watching the show, it's a guilty pleasure of mine, it's like a train wreck.
        • 4 Years Ago
        I like the guys on it but you are spot on about the so called themes, ' a spanner on a fuel tank' its all a bit samey and there are far better Choppers out there.

        Some of the bikes looked OK like the 'Gillette' bike but as the show progressed through various series I think things got a bit to big and out of hand. Design themes became a bit 'Arts and Crafts' which in my trade (Cabinet maker and designer) is a polite way of saying 'Beauty is in the Eye of the Beholder' or Cack if you want to be harsh!

        You can have the best fancy showroom and a state of the art workshop that money can buy but I think the guys had reached their ceiling of ability a long time ago, which was a shame because I liked the show.

        As the saying goes 'To Big To Quick'
      • 4 Years Ago
      This has nothing to do with the Teutul family. Paul Sr sold the company a couple years ago. The family is just the face of the company.
      • 4 Years Ago
      The OCC bike line is different from the rather unusable customs created on the show, but they had a lot of quality problems. Big Dog, and the now-dead American Ironhorse were far better choices.
      • 4 Years Ago
      I guess he hasn't passed the threshold where owing the bank money stops being his problem and starts being their problem.
      • 4 Years Ago
      For those of you who are saying that there is no excuse for missing payments blah blah blah you obviously have never been in this situation. You pretty much HAVE to miss payments in order for them to negotiate a restructuring of your loan. I know, I've been there this past year.
      • 4 Years Ago
      You have to be behind atleast 2 payments on order for the bank to even talk to you about changing the terms on any loan. Its how the banks do things.
      • 4 Years Ago
      Fat tired stretched choppers jumped the shark years ago.They most likely make more money on t-shirts and product endorcements than on selling motorcycles.My guess is there will be a KIA sign on the building in 14 to 18 months.Maybe Eric Buell will buy the building and hire Jr to "design" a new logo.How do these clowns find helmets to fit their overinflated heads?It's a TV show,not a motorcycle business.
      • 4 Years Ago
      Does Senior even WATCH the show?
      If he did, he'd realize just what a complete idiot he is, and he'd crawl back on his hands and knees to Mikey and Junior.

      That said, he should pay up, and shut up. I'm SO sick of him. I wish they'd just make the show about PJD.
      • 4 Years Ago
      Wait you mean the custom chopper scene isn't dead yet? I'm not a bike guy, but I have always thought those bikes were for tools. Kinda like the "customs" scene where old men put big engines in pre war cars and then chrome them up. It's the same thing as rice, just in a different generation.
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