Paul Sr.’s Home Was Foreclosed
Paul Sr.’s home was foreclosed in 2018, and it wasn't surprising as the Orange County Choppers faced lots of financial troubles over the years. A news outlet reported that Paul Sr. took a $1.5 million mortgage for his home in 2005 and modified the loan in 2013 and 2016 to lower the monthly payments. As of February 2017, he owed $870,939.43 on the property.
Paul Sr. Filed for Bankruptcy
Due to all the financial issues, Paul Sr. filed for bankruptcy in February 2018. He listed that he makes $15,070.93 per month and spends $12,612. Teutul claimed a $32,000 judgment against him and that he owed $151,230.98 for taxes, $21,300 to different credit card companies, and over $2,000 in medical bills.