While Billy Lane is appearing live on Main street in Daytona Beach during Bike Week, he had to appear in court yesterday before Judge Allawas for a case that started back in September of 2006. Billy Lane is still facing charges for DUI Manslaughter and can get up to 15 years if he is convicted for taking the life of 56 year old Gerald Morelock. Though prosecutors did not want Lane’s blood samples to be sent out of state to Colorado, Judge Allawas allowed it and now the Lane defense team stated they are still waiting on the blood and results to be returned. A trial date has yet to be set in this case and the next scheduled hearing has been set for April 11, 2008.
Choppers Inc. the retail store that Lane owns has been closed to the public for over a year and their web site states that the store is relocating. Billy Lane has continued his work and still makes public appearances while he is waiting for a trial date to be set. Lane recently unveiled his latest project the Henderson Bike in Columbus, Ohio and is in Daytona Beach for Bike Week 2008.
Technorati Tags: billy lane, DUI, motorcycle news, Florida, bike week, daytona beach, Melbourne, choppers inc, motorcycles
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A trio of creditors has filed a petition in U.S. Bankruptcy court to force American IronHorse into involuntary bankruptcy for failing to pay debts totaling $120,000.
According to a filing with court's Northern Texas district, Fort Worth-based American IronHorse owes $60,000 to AG Nichlos Jr. and $30,000 each to William E. Buford and Jim Graham. According to involuntary bankruptcy laws this indicates that AIH has 12 or more creditors, in which case only three creditors owed a minimum of $10,775 in total need file the petition.
American IronHorse CEO and president Buck Hendrickson could not be reached for comment.
A conference regarding the involuntary bankruptcy is scheduled for March 31 at 9:30 a.m. in the U.S. district courthouse in Forth Worth.
A move to force bankruptcy, in this case Chapter 11, is often viewed as a last resort for creditors as a ruling against them could result in them paying damages and attorney's fees. It is usually initiated to force debtors to face all its credtors at once, rather than have it parcel out money to select creditors. It can also be filed to stop a troubled debtor from using all its assets before finally filing for bankruptcy.
American IronHorse announced in early February that it was ceasing production in an effort to stave off overproduction and prevent dealers from stacking up inventory. At the time, Hendrickson called the layoffs temporary and said the company was still in business and moving out on-hand motorcycles.
"We're looking at trying to be open back up some time in the middle or the third week of February," he said at the time. There is no new information as to when the company will reopen its doors.
Then, last week, the custom V-twin manufacturer initiated a sale through a Michigan-based auction and liquidation house to move $10 million in obsolete and discontinued inventory. Hendrickson said the sale was a means for the company to get rid of inventory that doesn't fit AIH's lineup for 2008 and 2009. "It should have been sold off years ago," he told
Dealernews. 
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Published by Cyril Huze March 5th, 2008 in Editorial, Engines, Customs and Builders. 
Jesse James has agreed to an exclusive collaboration, marketing, and endorsement agreement with S&S Cycle, Inc. James has been an avid customer of S&S Cycle throughout his involvement with the V-Twin motorcycle industry. While not all details of the agreement were released, it includes continued exclusive use of S&S engines in all American motorcycles built by West Coast Choppers. Jesse James also plans to build special construction motorcycles for S&S in support of their 50th Anniversary Celebration June 26-29
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