CONTACT: Phil von Kahle
FOR IMMEDIATE RELEASE
Office Phone: 954-252-1560
Phil von Kahle, Assignee to manage liquidation of art supply retail chain
Ft. Lauderdale – Phil von Kahle, principle of Michael Moecker & Associates, has been assigned Pearl Artist & Craft Supply Corp. (“Pearls”) in an assignment for the benefit of creditor’s case. The case (#14-012499) has been filed in Broward Circuit Court, Judge Stretifeld presiding.
Pearls, an artist retail institution for over 35 years had downsized its operations to two locations in Miami and Ft. Lauderdale following a Chapter 11 bankruptcy proceeding in 2010.
The Miami location has just completed its liquidation process and has closed. Now the flagship store on Oakland Park Boulevard is in the stages of liquidation and wind down.
The court filing shows debts of $3,369,469 and assets valued at $334,286. However von Kahle has stated that “we are confident that we will be able to generate significantly more value for the assets, generating a higher distribution for the creditors”.
Pearls is represented by attorney Jeffery Solomon while Jared Gamberg of Gamberg & Abrams P.A. represents the assignee.
Michael Moecker and Associates, Inc., a Florida insolvency and liquidation firm, supports the courts, creditors, and debtors by serving as Assignees, Receivers, Chief Restructuring Officer, Custodians, Special Masters and Liquidation Trustees in partnership with bankruptcy attorneys throughout the state.
If you’d like more information about this topic or to schedule an interview with Moecker Vice President, Phil von Kahle, please call Phil at 954-252-1560 (office) or email him at Philv@moecker.com. Phil offers national availability by arrangement and is based in Ft. Lauderdale, Florida.