Insolvency Expert, Philip von Kahle, has been assigned to operate the well known custom yacht accessories company

[FORT LAUDERDALE] Professional fiduciary, Phil von Kahle, is best known for his turnaround management skills and key role in recovering funds for Bernard L. Madoff feeder funds takes on a new challenge.

Now, von Kahle of Michael Moecker and Associates, Inc., a well-known business insolvency firm has been assigned UMT International, LLC.

UMT International is a world renowned company specializing in custom yacht davits, platforms, stairs and other marine accessories. The company filed an assignment for the benefit of creditors in Broward County court earlier this week.

“This is a great opportunity to turn this internationally known company around,” says Moecker Vice President, Phil von Kahle. “We took one quick look at this assignment and said this is a great company.”

“We met with production staff and quickly assessed the decision to continue production. Vendors are pleased to hear our turnaround plan and agree that the company has a great product line and reputation.”

“Once the company is stabilized we will begin to speak with potential buyers of the company.”

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, and Liquidation Trustees in partnership with bankruptcy attorneys throughout the state.