The new lawyer for American Chopper dad Paul Teutel Sr. says his bankruptcy documents contain “numerous discrepancies,” RadarOnline.com has learned, including the claim that the custom-motorcycle builder never actually owned any bikes of his own!
In a bankruptcy petition filed Feb. 27, Teutul claimed assets worth $1,801,729 and liabilities of $1,070,893.44. But what was more surprising was the fact he listed no motorcycles, and three cars of zero value: a 2009 Chevrolet Corvette with 5,000 miles; a 2010 Dodge Challenger with 3,000 miles; and a 2011 Chevrolet Camaro with 4,000 miles.
Claims about his property ownership were also disputed and doubted, including the revelation that his 3,448-square-foot house contained just $500 in “basic furnishings.”
The 68-year-old was quick to admit that he does not handle a lot of his own finances, and believes the petition to be accurate.
But Erica Aisner, who replaced Michael Koplen as Teutul’s bankruptcy attorney on April 5, has already uncovered several errors, including the fact that the reality star owns at least six motorcycles. He also failed to list his expected income from the revival of his show, which he said would be $20,000 per episode.
At a bankruptcy hearing on April 11, 2018, Aisner confessed she was working hard to get up to speed on the case, and would provide additional information as soon as possilbe.
“He truly believed that what was listed on the petition and schedules was complete,” Aisner said. “Nothing is being intentionally hidden.”
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