He Was Served A Lawsuit For Fraud
While the show has since ended, Paul Teutul continues to deal with a slew of legal woes. In 2018, he was taken to court for fraud. “Teutul tried to change their 51/49 percent ownership deal (benefiting Derbyshire) to a 50/50 deal. Derbyshire had agreed to fund the project up to $3 million at that time,” said a report. His legal counsel replied to this accusation by stating, “Mr. Derbyshire’s interpretation of said events is without merit and with the timing of Orange County Choppers much-anticipated return to television tomorrow night the timing is very suspect of once again untrue allegations.”
He Was Served A Lawsuit For Fraud
Filing For Bankruptcy In 2018
Only a month after the lawsuit was served to him, Paul Teutul filed for bankruptcy. He had a debt in the millions. It included a million on the mortgage. According to him, he brings home $15,070 per month and spends almost all of that. He said that he was bad with money. The report said, “Teutul filed paperwork claiming that he owes close to 50 creditors $1,070,893.44 and that he was only worth $1,801,729,”
Filing For Bankruptcy In 2018
