Court-Appointed Receiver and Custodian Services
NATIONWIDE RECEIVERSHIP AND CUSTODIANSHIP SERVICES
Skillfully and judiciously preserving, protecting, managing, operating, and maximizing value for all stakeholders.
A Symphony of Wall Street Smarts … Main Street Sense™
Court-Appointed Receiver and Custodian Services
NATIONWIDE MULTISTATE RECEIVERSHIP AND CUSTODIANSHIP SERVICES
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.
In practical terms, a Court-Appointed Receiver and Custodian functions as an officer or agent of the Court, with a fiduciary duty to the Court and all parties involved in the litigation, to preserve, protect, manage, operate, and otherwise handle the disposition of troubled assets while maintaining clear, objective oversight during legal proceedings.
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 troubled assets, real and movable, tangible and intangible, in business disputes, commercial foreclosures, probate, divorce, bankruptcies, and myriad other legal proceedings.
For a broader fiduciary context, see our Court-Appointed Receiver Services and Receivership Services pages.
National Recognition, Government Engagements, and Operational Reach
Receivership and Custodianship Framework
Court-Appointed Receiver and Custodian Services
Protecting and Maximizing Value For All Stakeholders
Applicable statutory and equitable receivership remedies may include court appointment of a receiver, custodian, trustee, or liquidator in specified circumstances, depending on the jurisdiction, type of entity, and nature of the dispute.
Under applicable law, courts may appoint receivers, custodians, trustees, or liquidators in specified circumstances, including business disputes, insolvency-related matters, dissolution proceedings, distressed asset matters, and other situations where court-supervised fiduciary oversight is necessary to preserve, protect, manage, operate, or dispose of assets.
For over 40 years in hundreds of assignments across industries and asset classes throughout the nation, EDS, with its principal office in the Greater New Orleans area, Slidell, Louisiana, 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.
Our capabilities, decades of state and federal Court-Appointed Receiver, Custodian, and Keeper experience, and unimpeachable credibility afford EDS an unparalleled opportunity to serve as a trusted Court-Appointed Receiver, Trustee, Custodian, Special Master, Special Magistrate, Liquidator, or in other such court-appointed fiduciary capacities.
For related insolvency remedy work, see our Assignment for the Benefit of Creditors Services.
Judicial and Fiduciary Context
A Court-Appointed Receiver and Custodian is a court-appointed agent responsible for acting on behalf of the court and managing the property, real and movable assets, and financials under the court’s direction in a manner that is best for all parties involved until the final resolution of the legal dispute.
EDS Court-Appointed Receiver and Custodian Services specialists are highly trained, highly skilled, highly credentialed, and highly experienced distressed assets, turnaround management, valuation, and disposition experts with decades of proven experience and unimpeachable credibility who master the facts and present clear, objective, and compelling findings to judges.
EDS Court-Appointed Receivers and Custodians are officers or 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 or property, including those related to insurance, utilities, and rents, and provide periodic or court-ordered accountings to the court and all interested parties. The Court may also allow the Receiver to make necessary improvements to the property as well as market it for sale or lease.
Operational Responsibilities
The role of a Court-Appointed Receiver and Custodian can vary depending on the specific circumstances of the case, but 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 and any actions taken to protect and preserve the assets.
EDS Court-Appointed Receivers and Custodians marshal onsite 24/7/365 throughout the nation 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.
The Court may also allow the Receiver and Custodian to make necessary improvements to the property as well as market it for sale and/or lease. Where appropriate, these matters may also overlap with broader court-appointed receivership services and related distressed asset management assignments.
Common Situations Where Receiverships and Custodianships Are Utilized
Receiverships are commonly utilized in matters involving:
- Corporate deadlock
- Distressed loan collateral enforcement
- Business divorce or shareholder disputes
- Insolvent corporations
- Dissolved corporations and dissolved LLCs
- Commercially distressed real estate
- Environmentally impaired properties
- Corporate insolvency and restructuring matters
- Regulatory enforcement actions
- Special assets and special situations
Applicable statutory and equitable frameworks may expressly address receiver, custodian, trustee, or liquidator appointments in business disputes, insolvency matters, dissolution proceedings, distressed asset matters, and other circumstances requiring court-supervised fiduciary oversight.
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.
Strategic Considerations in Distressed Asset Environments
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.
We specialize in providing 24/7/365 on-site 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, including 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, and Commercial, Multifamily, and High-Value Residential Real Estate.
Professional Receivership and Custodianship Engagements
EDS has served in complex court-appointed and fiduciary roles involving:
- State and federal court receiverships and custodianships
- Court-appointed keeper assignments
- Commercial foreclosures
- Bankruptcies
- Distressed real estate and business assets
- Multistate and multinational corporate disputes
- Environmentally impaired industrial assets
- Asset recovery and liquidation assignments
- Municipal receivership services
- Special assets and special situations
- Aviation and admiralty-related federal seizure matters
EDS’s unparalleled level of expertise is recognized and appreciated in boardrooms and courtrooms throughout the world.
Court-Appointed Fiduciary Experience
EDS serves nationwide in Court-Appointed Receiver and Custodian matters of varying size, complexity, and operational demands.
EDS is trusted to serve in complex receivership and custodianship matters requiring experienced fiduciary oversight, operational control, and objective reporting.
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.
For matters involving financial disputes, valuation issues, or business valuation in litigation, EDS also provides related Litigation Appraisal Services across all valuation disciplines, e.g., Business Valuation, Real Estate, and Personal Property, as well as valuation-related Alternative Dispute Resolution Umpire services.
How may we be of service to you?
— DISCUSS A RECEIVERSHIP MATTER
Court-Appointed Receiver and Custodian Services
Related EDS Receivership and Fiduciary Services Include:
- Nationwide Receivership and Fiduciary Services
- Nationwide Court-Appointed Receiver Services
- Delaware Court-Appointed Receiver Services
- Florida Court-Appointed Receiver Services
- Texas Court-Appointed Receiver Services
- Louisiana Court-Appointed Receiver / Keeper Services
- Court-Appointed Liquidator Services
- Assignment for the Benefit of Creditors Services
Frequently Asked Questions (FAQ)
What is a Court-Appointed Receiver or Custodian?
A Court-Appointed Receiver and Custodian is an independent third-party fiduciary appointed by a court to take charge of property, assets, business affairs, or related matters in specified circumstances. Depending on the statute, jurisdiction, and facts, applicable law may authorize the appointment of a receiver, custodian, trustee, or liquidator.
What responsibilities does a receiver or custodian have during litigation?
A receiver’s and custodian’s responsibilities depend on the court’s order and the governing law, but commonly include taking charge of assets, collecting debts and property due to the entity or estate, preserving value, managing operations when authorized, prosecuting and defending claims, and reporting to the court as directed.
When will a court appoint a receiver or custodian or similar fiduciary?
Under applicable law, a court may appoint a receiver, custodian, trustee, or liquidator in specified circumstances, including business disputes, deadlock matters, insolvency-related situations, dissolution proceedings, distressed asset matters, creditor actions, and other cases where court-supervised oversight is necessary to preserve, protect, manage, or dispose of assets.
How is a receiver different from a custodian, trustee, or liquidator?
The distinction depends on the jurisdiction, statute, and court order. In general, a receiver is commonly associated with taking charge of and preserving, managing, or administering property or business affairs under court supervision, while a custodian, trustee, or liquidator may be used in specific statutory contexts depending on the condition of the entity and the relief needed.
What types of matters commonly involve receiverships and custodianships?
Receiverships and custodianships commonly arise in matters involving corporate deadlock, insolvent corporations, dissolved entities, shareholder disputes, business divorce disputes, distressed assets, dissolution proceedings, creditor remedies, asset preservation concerns, and situations where the court determines that appointment of a fiduciary is necessary to protect property, preserve value, or complete winding up.
Can a receiver or custodian take control of business assets and pursue claims?
Yes, when authorized by the court. Depending on the appointing order and governing law, a receiver or custodian may take charge of the entity’s assets and property, collect outstanding debts and claims, prosecute and defend suits, appoint agents, manage operations, and perform acts necessary or proper to preserve and administer the estate or complete the winding up process.
Does a receiver or custodian report to the court?
Yes. A receiver or custodian is a court-appointed fiduciary and acts under the authority and supervision of the appointing court. Reporting, accounting, authority, and limitations are governed by the appointing order and applicable law.
Are receiverships or custodianships limited to insolvent corporations?
No. Receiverships and custodianships are not limited to insolvent corporations. Depending on the applicable statutory and equitable framework, courts may appoint a receiver or similar fiduciary in a range of matters, including business disputes, dissolution proceedings, creditor actions, co-ownership disputes, distressed asset matters, and other situations warranting court-supervised intervention.
Copyright © 1996 -2026
Equity Development Systems, LTD.
All rights reserved.
Website Designed and Maintained by
Sebring Computers
LOCATIONS
Chicago
Los Angeles
New Orleans
Washington D.C.
The Caribbean
The Americas
with associates worldwide
RESOURCES