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Financial

04/02/2013

Paul Teutul Senior, founder of the custom bike builder Orange County Choppers which featured in the long-running Discovery Channel reality TV series American Chopper, has filed for liquidation of his associated trading company Hudson Valley Merchandising under Chapter 7 of the US Bankruptcy Code.

The business, which — along with its Orange County Choppers Holdings parent — is based in Newburgh, New York State, has declared assets equivalent to £712,000 and debts amounting to £916,000. It will now be wound up on behalf of creditors by a court-appointed trustee.