The American IronHorse motorcycle company is filing for bankruptcy under a load of mounting debt.
Sales of IronHorse motorcycles fell from $96 million in 2005 to $53 million in 2006, and the company owes more than $10 million to creditors, according to the bankruptcy filing.
A group that includes the founder, Bill Rucker, may attempt to rescue the foundering company. Rucker left the company years ago and opened Rucker Performance, a custom bike shop. Want to see their current line-up? See www.americanironhorse.com.