Many times bankruptcy is a last resort and that means bankruptcy cases get filed at the last second or without months and months of planning. Teutul just like anyone else seeking bankruptcy protection is just following the law. Sure, no one really wants to file for bankruptcy protection. Unlike some other articles with click-bait titles this chapter 13 case is not a nightmare and the case was never neglected. I am please to report the court granted the motion to sell. Teutul’s motion to sell his 38 acre property and sell other personal property along with it to fund his chapter 13 plan of reorganization. Teutul’s 38 acre estate was filed, and on June 18, 2019, a hearing was held regarding Mr. As required as part of the chapter 13 plan and required by the Bankruptcy Code, on May 20, 2019, a motion to sell Mr. On June 5, 2019, a Fourth Amended Chapter 13 Plan was filed to incorporate terms governing the sale of Mr. You do have to keep swinging or you will never hit a home run. It is impossible to hit a home run each time you come to the plate. He then followed the law to seek relief from his creditors to sell his house to pay off all his debts and move on. He hit some home runs and then struck out a couple of times. So that is more or less that assuming the sale is closed.Īmerican Chopper’s Paul Teutul, Sr. The sale included some of the equipment to maintain the property such as a couple plastic boats, an ATV, bulldozer and JD tractor. Paul Teutul Sr.’s New York 38 acre property along with some personal property for $1.5 million. On July 1, 2019, the Court entered an order approving the sale of Mr. 18-35310 filed in the Bankruptcy Court for the Southern District of New York on February 27, 2018. proposed and the Court approved the sale of his 38 acre estate to pay ALL allowed creditor claims. I am confident what follows is the most accurate analysis of what has taken place to date. There are many myths and fake news floating around about bankruptcy and Mr. is paying 100% of his debts in his chapter 13 debt adjustment or reorganization case. There is no shame in merely following the law to seek relief in bankruptcy. has a net worth of $2 million, which he amassed from his glamorous TV show days and his current venture.There are a number of updates below with a more detailed history of this chapter 13 bankruptcy filing. According to Celebrity Net Worth, Paul Teutul Jr. Teutul Jr also does podcasts in which he talks about various important topics, such as preventing veteran suicides. He has expanded professionally and started various other businesses besides PJD. Paul Teutul Jr has also written a book titled "The Build: Designing My Life of Choppers, Family, and Faith." In this book, he talks about his life's journey, his relations with his father, his period working at the Orange County Choppers, and how he found God. While Junior stays busy designing and building motorcycles at his shop, Rachael also runs a fashion clothing and accessories gift shop in the same area. Teutul Jr met Rachael, a model/actress when she appeared on one of the episodes of American Chopper. He married Rachael Biester in 2010, and in 2015, his son, Hudson Seven Teutul, was born. After that, a few other show spin-offs were made, with the latest installment ending in 2020. The show featured both the OCC and PJD and ran till December 2012. The show's producer came back with a spin-off of the original series titled American Chopper: Senior Vs. That said, it was not the end of the TV career for Paul Teutul Jr. Life is currently blissful for Teutul Jr, juggling between family, friends, and cool work. Because of the impressive publicity he garnered because of the iconic American Chopper show, people still remember the prodigal son. He recently unveiled a cool retro-vibing electric bicycle called PJD-E that looks like a cute little chopper.Īpart from creating cool choppers, Paul Teutul Jr's company also makes cool merchandise. His business grew thanks to the fantastic custom-built motorcycles he made, which soon led to many collaborations with more prominent brands. Then, finally, the son could concentrate more on his creativity away from the regular fights with his father. After leaving his father's shop and his exit from the show, Paul Teutul Jr focused entirely on growing his own business.
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