Good news this week for the beleaguered star of two motorcycle shows on the Discovery Channel.
It looks as if Paul Teutul Sr., the heavily mustachioed reality star on “Street Outlaws” and “American Chopper,” has gotten his 2009 Corvette ZR1 back after nearly a year of legal battles.
A 47-second video posted by Teutul on Facebook on Jan. 19 shows a man backing the dark gray ZR1 off a transporter, accompanied by the entry “209 (sic) ZR1, bought it new in 209 (sic) has 5000 original miles on it, just putting it back in the old man cave, great car. #vehicles #cars #raceing.”
Teutul had taken the Corvette to JTM Motorsports for custom improvements, promising the shop that the mods would be paid for either in TV exposure on “Street Outlaws” and “American Chopper” or cash. Neither option apparently occurred.
Before filing suit, JTM said it had spent more than $30,000 for parts and storage fees on Teutul’s Corvette and sought to have his bankruptcy dismissed because he had not listed the shop as a creditor.
According to theblast.com, the two sides have just reached a settlement. Documents were filed Jan. 23 in Teutul’s bankruptcy case, revealing that he has agreed to put $30,000 in an escrow account to be paid out to JTM after the shop turns over receipts detailing the costs for the work done to the ZR1.
Under the terms of the agreement, neither side admitted any fault or wrongdoing and Teutul was allowed to have his Corvette returned. JTM also agreed to waive the storage fees they were originally asking for.
The 69-year-old Teutul filed for Chapter 13 in New York last year, claiming assets of $1.8 million and liabilities of $1.1 million.