Michael Phelan

Michael P. Phelan

Partner, President and Chief Operating Officer at Michael Moecker & Associates Inc

Location:
1883 Marina Mile Blvd Ste 106, Fort Lauderdale, Florida, United States
HQ Phone:
(954) 252-1560

General Information

Experience

Vice President, Consulting Portfolio and Converged Platform Solutions  - EMC Corporation

Vice President, Professional Service Strategy  - VMware , Inc.

Executive Vice President and Chief Financial Officer  - Exemplis Corporation

Chief Operating Officer  - Brambles Limited

Chief Operating Officer  - The Brambles

Education

BA degree  - Cleveland , Ohio , John Carroll University

MBA  - Harvard Business School

Affiliations

Chapter 11 Trustee  - Lydia Cladek, Inc

Recent News  

Michael Phelan, President & CEO
Michael Phelan Michael Phelan, a Harvard MBA, joined the company in 1999. He serves as the President and CEO and is responsible for overseeing every aspect of company operations. Michael has spent the majority of his career as a business consultant helping small and mid-sized companies through the challenges of planning, marketing and financing. In addition, he brings to MMA extensive experience in stabilizing companies facing financial difficulties as a result of his background in turnaround management. Michael has managed highly complex assignment cases in his role as President of MMA, including assignments outside of Florida and cases with large asset pools located overseas. Michael is involved in all aspects of MMA operations and serves as an Assignee, administers Receiverships, is a Chapter 11 Trustee or Chief Restructuring

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Michael Phelan, executive vice president of investment brokerage Michael Moecker & Associates in Fort Lauderdale, served as assignee to liquidate the unsold condos.
Phelan said assignee fees typically range from 5 percent to 10 percent of sale proceeds. In this case, a deal struck with KeyBank to drop the assignee fees allowed Phelan to share a brokerage commission with Keith Kidwell, an officer of Moecker Realty in Fort Lauderdale, which is related to Michael Moecker & Associates. Phelan said Moeckers assignments in real estate-related cases have tripled. If a lender has the cooperation of the debtor, [assignments] are quicker and easier rather than going through foreclosure or appointing a receiver, said Phelan, who also works as a receiver. This is a very clean way to achieve the ultimate objective, which is to cash-in at the best price and keep it off [the lenders] books and under the control of someone who knows how to take control and maintain and market the property, he said.

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Gerald McHale will address state receivership proceedings and Michael Phelan of Michael Moecker & Associates will address Chapter 727 and the Florida procedure for assignments for the benefit of creditors.

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