Kenneth A. Welt, P.A.

	APL, INC., AND WHOLLY OWNED SUBSIDIARIES EVANS PRODUCTS, Heavy duty clutch, truck heater and school bus heater manufacturer. Grand Rapids, MI RIVIERA CABINETS, High quality kitchen cabinet makers. Redwing, MN EAGLE INDUSTRIES, "Cutting edge" thermo-plastic innovations for home and industry. Newark, NJ Welt simultaneously operated all three non-bankrupt entities while successfully selling parent company APL, Inc.
	AVTEAM Welt acted as financial advisor and overseer of day-to-day operations of one of the largest aircraft maintenance and repair operations and aircraft parts distributors in the United States. Welt was instrumental in the marketing and ultimate sale of the company and all its assets.
	BURGER KING (GOLD COAST PARTNERS) When Welt was appointed Examiner With Expanded Powers by the United States Bankruptcy Court, for Gold Coast Partners, owners of 18 Burger King restaurants thourghout Dade, Broward and Palm Beach counties, the court had a sale pending for $5 million. Welt stepped in, holding an auction in United States Bankruptcy Court. Within 30 days, he had negotiated to sell the businesses for $7.5 million, netting over $2.5 million more than the asking price.
	DOLLAR TIME STORES When the United States Bankruptcy Court appointed Welt Trustee for Dollar Time Stores, the national chain was losing hundreds of thousands of dollars. Welt successfully liquidated assets, consolidated inventory and closed several locations.
	FLORIDA WEST AIRLINE Administrated major cargo airline headquatered in Miami through successful Chapter 11 reorganization.
	HURST CAPITAL Kenneth Welt was Receiver in United States District Court for the Hurst Capital Corporation and related Industries and subsequently was appointed as the United States Bankruptcy Trustee of this large Ponzi scheme. To date, Welt's administration has yielded over a 65%, in excess of $30 million, return to the investors.
	HYATT REGENCY, DOWNTOWN MIAMI When Welt was appointed Trustee, by the Office of the United States Trustee/Department of Justice, the Hyatt Regency Hotel had been grounded in Chapter 11 status for more than three years. Welt's turn-around management and skills as a mediator resulted in the parties of interest uniting. The compromise enabled the mortgage holder to fund the hotel's much-needed renovations. The newly designed facility will position the Hyatt as Downtown Miami's premier hotel and meeting center.
	MICCOSUKEE INDIAN GAMING In a case involving the Miccosukee Indian Tribe of Florida, Welt was appointed Conservator until allegations of improprieties and mismanagement were resolved through the United States District Court. Welt assumed responsibility for the daily administration of the multi-million dollar gaming facility. After a thorough review of the financial condition, he instituted new internal controls, which helped double revenues. In addition, Welt formed an allegiance with the Miccosukee Indians. Monies were used to establish scholarship funds and develop educational programs to teach the tribal members to operate their facility.
	NATIONAL RECOVERY INSTITUTE Using his hands-on management style and business savvy, Welt saw the National Recovery Institute through a successful bankruptcy. He oversaw the operations, payments to creditors and the new entity, post Chapter 11. He also sold the Florida subsidiary to a new entity. Today, the alcohol and drug rehabilitation center is operating successfully in New York City.
	SEA ESCAPE Cruise line which today operates successfully in South Florida.
	JOCKEY CLUB Appointed as the Trustee in the case, Mr. Welt orchestrated a successful auction sale after stabilizing the project.
	HAMLET DEVELOPMENT & BISCAYNE BUILDERS When appointed, these two large single family developments in Miami-Dade, Florida were unfinished and run down. Mr. Welt completed the project, delivered the homes to waiting customers and made a distribution to creditors.
	DIAL-A-MATTRESS This national mattress retailer's Florida operation was successfully operated by Mr. Welt and ultimately sold for the benefit of creditors.
	SUNSET COLONY Serving as the State Court Receiver, Mr. Welt successfully operated one of the largest Mobile Home communities in South Florida. back to top