Equity Development Systems Ltd, a National Receivership and Distressed-Asset Management and Disposition Services specialist, has been named Court-Appointed Keeper (Receiver) in the Whitney Bank vs. Ellen Cohen Brennan, wife of, and Theodore M. Brennan matter in New Orleans, LA.
About EDS Court-Appointed Receiver/Keeper Services
A Court-Appointed Receiver or Keeper owes a fiduciary duty to the Court and all parties involved in the litigation 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.
The Appointment of a Receiver/Keeper 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 Receiver/Keeper is predicated upon their qualifications—education, experience, training, and credibility. EDS’s unsurpassed global qualifications, decades of experience, and unimpeachable credibility afford it an unparalleled opportunity to serve as a trusted Court-Appointed Fiduciary.
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 / Keeper / Trustee / Assignee / Special Master / Chief Restructuring Officer / Liquidator and in other fiduciary roles for secured creditors, attorneys, investors, and other stakeholders in commercial foreclosures, bankruptcies, and myriad other legal proceedings.
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 Commercial and High-Value Residential Real Estate, Environmentally Sensitive and Impaired Real and Moveable Property (Superfund and Brownfields Sites), Hospitality, Gaming, Resorts, Shipyards, Admiralty/Maritime, Aviation (Fixed and Rotor), Automotive (Manufacturing and Retail), Heavy Industrial Sites, Oil and Gas/Minerals, and complex and highly-contentious special asset and special situations.
Our award-winning receiver services have earned us the distinction of being the only Court-Appointed Fiduciary 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 Keepers for the U.S. Marshals Service for federal court seizures of assets under admiralty jurisdiction.
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?
