The Court-Appointed Receiver or Custodian is a court-appointed agent and officer of the court responsible for acting on behalf of the court and managing the property, assets, and finances in a manner that is in the best interest of all parties involved, until the final resolution of the legal dispute.

A Court-Appointed Receiver or Custodian owes a fiduciary duty to the Court and all parties involved in the litigation to preserve, protect, manage, and operate the business or property, real and movable, collect all receipts and pay all necessary bills associated with the business/property such as those related to insurance and utilities, rents, and provide monthly accounting’s to the Court and all interested parties. The Court also allows the Receiver or Custodian to make necessary improvements to the property as well as market it for sale and/or lease.

EDS Court-Appointed Receiver and Custodian Services are independent third-party neutral fiduciaries appointed by a court to take control of and manage a business or property that is involved in a legal dispute. The appointment of a Court-Appointed Receiver or Custodian is typically done to protect the assets of the business or property while the legal dispute is being resolved. The Receiver or Custodian has the authority to operate and manage the business or property, and can also take steps to protect and preserve the assets until the dispute is resolved.

The role of a Court-Appointed Receiver or Custodian can vary depending on the specific circumstances of the case. Still, they are generally responsible for managing the day-to-day operations of the business or property and ensuring that it is being run in a financially responsible manner. They may also be required to provide regular reports to the court on the condition of the business or property, as well as any actions taken to protect and preserve the assets.

For over 40 years in hundreds of assignments across industries and asset classes throughout the country, EDS has skillfully and judiciously served as Court-Appointed Receiver and Custodian for creditors, attorneys, investors, and all stakeholders to preserve, protect, manage, operate, and otherwise handle the disposition of real and movable, tangible and intangible, assets in commercial foreclosures, bankruptcies, and myriad other legal proceedings.

EDS Court-Appointed Receivers and Custodians are highly-trained—highly skilled—highly credentialed—highly-experienced special assets, turnaround management, valuation, and disposition experts with decades of proven experience and unimpeachable credibility who master the facts and can present clear, objective, and compelling findings to judges.

From National Priority List Superfund Sites to a Decommissioned Nuclear-Powered Aircraft Carrier to the Pencils on the Desk, we handle it all. We have successfully managed and generated Billions of Dollars for all stakeholders by converting their distressed assets into cash.

The receiver’s or custodian’s responsibilities may include:

• Taking possession and control of the assets, including Charging Orders
• Identifying, valuing, and preserving the assets
• Managing and operating the assets to generate revenue
• Selling or disposing of the assets
• Paying the company’s or an individual’s debts and obligations
• Preparing and submitting reports to the court or other authorized party

A Court-Appointed Receiver may differ from a Court-Appointed Custodian or Keeper, as a Receiver is appointed to operate and manage the property, assets, and financial affairs of the company. In contrast, the primary focus of a Custodian or Keeper is to safeguard and preserve the assets.

EDS Court-Appointed Receivers and Custodians are officers/agents of the Court with a fiduciary duty to the Court and all parties involved in the litigation to preserve, protect, manage, and operate the business or property, real and movable, collect all receipts and pay all necessary bills associated with the business/property such as those related to insurance and utilities, rents, and provide monthly accounting’s to the court and all interested parties. The Court also allows the Receiver or Custodian to make necessary improvements to the property as well as market it for sale and/or lease.

Our award-winning receivership services have earned us the distinction of being the only Court-Appointed Receiver in the country that the United States Environmental Protection Agency (USEPA) allows to conduct such services on active Superfund Sites.

We are pleased to serve as Court-Appointed Keepers for the U.S. Marshals Service for federal court seizures of assets under aviation and admiralty jurisdiction.

Our Court-Appointed Receivers and Custodians marshal onsite 24/7/365 to secure, preserve, protect, operate, maintain, and enhance the going-concern value of the businesses and business assets that might otherwise be lost during legal proceedings while actively pursuing permanent solutions.

We specialize in providing 24/7/365 onsite crisis-interim management teams to operate troubled accounts facing operational and financial difficulties. We are particularly skilled in providing transitional management in highly contentious special assets and special situations and in handling all efforts related to the wind-down and disposition of Environmentally-Sensitive and Impaired Real and movable Property (Superfund and Brownfields Sites), Hospitality, Gaming, Resorts, HOA-Golfing Communities, Shipyards/Admiralty/Maritime, Aviation (Fixed and Rotor), Automotive (Manufacturing and Retail), Heavy Industrial, Oil & Gas/Minerals, Commercial and High-Value Residential Real Estate. No Court-Appointed Receiver assignment is too small or too large for us.

We are the measure by which all Court-Appointed Receivers and Custodians are judged.

The impact of complex and contentious litigation in many distressed situations can complicate, if not destroy, stakeholders’ positions if not appropriately handled. Distressed and troubled accounts present many pressing challenges. When problematic accounts face operational or financial difficulties, our experienced, street-savvy, and proficient crisis/interim/turnaround and workout management teams employ creative solutions that often immediately reverse and resolve these situations.

EDS’s unsurpassed nationwide capabilities, decades of state and federal Court-Appointed Receiver and Custodian experience, and unimpeachable credibility afford it unparalleled opportunity to serve as trusted Court-Appointed Receiver/Trustee/Custodian/Special Master/Liquidator.

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EDS’s unparalleled level of expertise is recognized and appreciated in boardrooms and courtrooms throughout the world. How may we be of service to you?

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Court-Appointed Receiver and Custodian Services