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OCC Merchandise Files for Bankruptcy

Remember American Chopper show ending with the big bang, and all of us thought it was only one problem that OCC was facing. Hudson Valley Merchandising is the name under which OCC operates their merchandise division. OCC’s  company filed for Chapter 7 bankruptcy in Poughkeepsie, New York, January 31st. The building in the picture was lend by GE Commercial Finance, with GE starting foreclosure back in 2010 and Paul Senior tried to renegotiate the terms of $12 million loan. After all of this might come to the end of selling the building, and remaining Hudson Valley Merchandising assets and then distribute the money evenly.

OCC Merchandise Files for Bankruptcy: the Beginning of the End?

 

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