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post #1 of 15 (permalink) Old 01-25-2011, 09:08 AM Thread Starter
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OCC Bankrupt

I was watching OCC Jr. Vs. Sr. and saw previews for next weeks show and it seems that OCC giant is going bankrupt. SO After the show I searched and found it to be true in January this year.

In my research Paul Sr. claimed bankrupt in 2005 for Iron Works his first business. He couldn't payback money for a contract he couldn't full fill for the tune of $1.2 mil. So with this new OCC business and making tons of money he is being sued for a fraudulent bankruptcy claim.

I have noticed on the show that OCC has been way slow and there is not as much action going on in the shop. Meaning no personnel or any bikes on any of the lifts. I knew that some day that the BUZZ of having ultra high end choppers was going to come to a close.

Paul Sr is a jerk and so be it that his business has failed. With a $20 million building and equipment and all the toys and cars and huge house and land that he has it was going to come to an end. I hope Paul Jr's endeavor Paul Jr Designs survives and thrives in the wake of his old man's business going under.

Paul Jr. Designs

Thats all I have to say about that.


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post #2 of 15 (permalink) Old 01-25-2011, 01:41 PM
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yep, the rise and fall of OCC will be the next show lol



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post #3 of 15 (permalink) Old 01-26-2011, 10:56 PM
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Saw that tonight too.. Monday episode..

But there are many different types of bankruptcy, just because they are filing for bankruptcy doesn't mean they are going out of business.

I do remember that they were wanting to create a custom bike line they could mass produce to sell in dealerships, and they wanted to expand into Europe but I guess when the economy went to crap they had too many projects out..



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post #4 of 15 (permalink) Old 01-27-2011, 12:07 PM Thread Starter
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we will have to see the new episode on monday.

And Rinn one of the articles I was reading about OCC's BK is that they will be out of business by the end of 2011.


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post #5 of 15 (permalink) Old 01-29-2011, 06:23 PM
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They aren't bankrupt GE Capital is filing foreclosure on their massive headquarters they built.

I bet they are going to file Chapter 11 and reorganize to a smaller company they are underwater with that apparently $12.5 Million headquarters they built.. That right there was a really bad move IMO.. $12.5 Million was probably just for the land and building.. Electrical, Office, Machine Equipment, etc... Probably cost them another $5-$10 Million right there because I betcha they didn't buy used anything.

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post #6 of 15 (permalink) Old 01-31-2011, 09:29 AM Thread Starter
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cant wait for tonights show.


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post #7 of 15 (permalink) Old 02-05-2011, 11:50 AM
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It seemed to me it was kind of a publicity stunt along with them just wanting to restructure their dept on that massive ass headquarters. Many people did that just slack on payments so they could restructure everything with their debtors



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post #8 of 15 (permalink) Old 02-07-2011, 12:53 AM
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they are refinancing!! lol taking advantage of the economy...???


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post #9 of 15 (permalink) Old 02-08-2011, 11:22 AM Thread Starter
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so last night was the season finale. Wonder if Jr will get his own show.


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post #10 of 15 (permalink) Old 02-09-2011, 02:09 PM
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what a freakin saga, definitely a piece of history
I was considering one of the mass produced bikes a couple years ago but like Beav said, Paul Sr is a jerk, and no way I'm giving $$ to some di(kwad who doesn't even appreciate it, never gonna happen


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post #11 of 15 (permalink) Old 02-09-2011, 02:21 PM
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Quote:
Originally Posted by beavisr1 View Post
so last night was the season finale. Wonder if Jr will get his own show.
Missed the last episode what happened?



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post #12 of 15 (permalink) Old 02-10-2011, 04:16 PM Thread Starter
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fired odie. and odie's little punk ass went to OCC and told Sr, he quit and had it really bad over at PJD. WTF ever. So Sr hired him back. Paul Jr's facebook page said that new episodes are coming.


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post #13 of 15 (permalink) Old 02-10-2011, 11:19 PM
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I thought this show was over long ago? are you watching re-runs? lol



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post #14 of 15 (permalink) Old 02-14-2011, 10:18 PM
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I always laugh at my wife about the Thai soaps she loves watching. Until she piped up one day and said that I watch my chopper soap...point taken darling


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post #15 of 15 (permalink) Old 02-15-2011, 05:01 PM
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They aren't soaps they are reality TV..


Yeah that doesn't make them sound better either..



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