COURT APPOINTED RECEIVER/KEEPER (LOUISIANA) / REPLEVIN SERVICES
A Court Appointed Receiver or Keeper under Louisiana law owes a fiduciary duty to the Court and all parties involved in the litigation. The Receiver/Keeper’s duty is to preserve, protect, manage, and operate the property, collect all receipts and pay all necessary bills associated with the property such as those related to insurance and utilities, rents, and provide monthly accountings to the court and all interested parties. The Court also allows the Receiver/Keeper to make necessary improvements to the property as well as market it for sale and/or lease.
SECURED CREDITOR SERVICES
The Appointment of a Receiver/Keeper (Louisiana) requires highly-trained—highly-skilled—highly-credentialed—highly-experienced special assets and special situations transitional management, valuation, and disposition experts with decades of proven experience and unimpeachable credibility who master the facts and are able to present clear, objective and compelling findings to judges.
The success of the Appointment of a Receiver/Keeper (Louisiana) is predicated upon the qualifications—education, experience, training, and credibility of the Fiduciary. EDS’ unsurpassed global qualifications, decades of experience and unimpeachable credibility afford it unparalleled opportunity to serve as trusted Court Appointed Receivership Fiduciary.
For over 40-years in hundreds of assignments, across industries and asset classes, throughout the country, New Orleans, Louisiana and Palm Beach, Florida-based EDS has skillfully and judiciously served as Court Appointed Receiver/Keeper (Louisiana)/Trustee/Assignee/Special Master/Chief Restructuring Officer/Liquidator for secured creditors, attorneys, investors, and other stakeholders to preserve, protect, manage, operate, and otherwise handle the disposition of real and moveable, tangible and intangible, assets in commercial foreclosures, bankruptcies, and myriad other legal proceedings.
Our award-winning services have earned us the distinction of being the only Court Appointed Keeper/Receiver—Fiduciary in the country that the United States Environmental Protection Agency (USEPA) allows on active Superfund Sites. And, we specialize as custodians for federal court seizures of assets under admiralty jurisdiction, and we are pleased to serve as a Keeper for the U.S. Marshals Service. We are the measure by which all court appointed fiduciaries are judged.
From National Priority List Superfund Sites—to a decommissioned nuclear-powered aircraft carrier—to the pencils-on-the-desk—we handle it all, and we have successfully managed and generated billions-of-dollars for our global clientele in the conversion of their distressed assets to cash. We specialize in handling the disposition of admiralty/maritime, aviation, and oil & gas distressed assets and, complex—highly-contentious and environmentally-sensitive impaired real and moveable property.
As an example, a borrower in financial distress raises myriad commercial loss concerns for its secured lender, including increased risk of less than payment in full of its loan, increased liabilities, additional costs and expenses, and greater utilization of lender resources. When a borrower shows signs of distress, it is critical for the secured lender to promptly and proactively develop a thoughtful strategic plan to mitigate issues and to identify options available to strengthen the secured lender’s position in the credit facility. Doing this is an important first step for a secured lender interested in maximizing its recovery and limiting its exposure. Our management and operations teams work closely with the client’s legal representatives to protect, preserve, maintain, operate and enhance the going-concern value of the business and/or business assets that might otherwise be lost during replevin actions, bankruptcies, foreclosures, and restructurings, while actively pursuing permanent solutions.
The impact of complex and contentious litigation in many distressed—special situations can complicate, if not destroy, the client’s position if not handled properly. Non-current, non-performing, distressed, and troubled accounts present many pressing challenges. When problematic accounts facing operational or financial challenges occur, our experienced—street-savvy—proficient crisis/interim/turnaround and workout management teams employ creative solutions that often reverse and cure these situations immediately.
EDS’ unparalleled level of expertise is recognized and appreciated in boardrooms and courtrooms throughout-the-world.