> ----- Lender seeks to foreclose on Orange County Choppers -----

People are going to buy silly customized motocycles forever.
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WOW!

Their monthly nut is a little on the high side:

The foreclosure action claims that the Choppers missed mortgage payments of approximately $96,000 and $14,000 on July 1 and July 27, respectively.

Paul Jr. must be laughing. I hope they all go bankrupt except Mikey and Vinny.

Is that show still on?  I've seen it twice and it was some mind numbingly boring shyt.

Whatchu doin' ova der yous idiots?
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Breakin' shyt
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They went BK on the original steel business after reopening another one with no debt.

Is Paul Jr opening a shop along with OCC really a plan just to let OCC go BK & keep the business going under Paul Jr's name with no debt?

wrote:

They went BK on the original steel business after reopening another one with no debt.

Is Paul Jr opening a shop along with OCC really a plan just to let OCC go BK & keep the business going under Paul Jr's name with no debt?

Now isn't that interesting.

wrote:

They would gain my respect for the acting if that was the true intent.

Brilliant move for a succession plan. Paul Sr. retires, business moves over to Jr. and all the deadweight employees go away with teh bankrupt company, Jr. swoops in to buy the old company's assets at pennies on the dollar. But they are clearly too stupid to do that.

Are they really too stupid?

They did that to hand the steel business to Sr's son, Danny.

ImperialExecutive wrote:

They are the losers.

You mean like people living off food stamps and the American taxpayer? Losers like that?

ImperialExecutive wrote:

They are the losers.  They aren't making their payments.  In fact, that they are even MAKING PAYMENTS makes themb losers in the first place.  They should have leveraged their fame into SELF-CAPITALIZED WEALTH by now.  But they didn't.  They just got thembselves DEEPER INTO whyte DEBT.

This is for you:  :flip:  It means GO AND FUQ YOURSELF.

This is a *corporation* going bankrupt, not anyone in the family.  The corporation borrowed a shyt-ton of money, the Teutels were paid very very well while the money lasted and now they walk away with zero liability.

Exactly what they did before with their steel business.

Illuminaughty wrote:

So loser-dom is on a continuum? On what part of the continuum do you land?

The continuum is called "ACHIEVEMENT", and I'm about in the middle, between winner and loser.

Here, you dropped these:  :mittens:

Illuminaughty wrote:

In Ohio, the difference between a "winner' and a "loser" is getting only $400 Section 8 housing instead of $200.

Keep clinging to the myth that you won in some geopolitical lottery.  Your ownage will be all the sweeter.