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Orange County Choppers Founder Puts Unit in Bankruptcy

TV star Paul Teutul Sr., founder of Orange County Choppers Holdings Inc., sought U.S. Bankruptcy Court protection for his merchandising unit with plans to liquidate its assets.

The family-run custom-built motorcycle company operated by Teutul and his son, Paul Jr., is based in Newburgh, New York. Its Hudson Valley Merchandising LLC listed $1.12 million in assets and $1.44 million in debts in papers filed yesterday in Poughkeepsie, New York. The parent company didn’t file.