Equity Development Systems, Ltd., a New Orleans-based global provider of collateral and distressed asset management services for lenders and the legal community has been named Court-Appointed Keeper in connection with the Whitney Bank vs. Ellen Cohen Brennan, wife of, and Theodore M. Brennan matter.
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.
Across industries and asset classes, from a single loan to loan portfolios of all sizes, EDS’ multidisciplinary lending compliance experts provide a broad range of customized collateral and distressed asset and loan portfolio management and disposition services to secured creditors and attorneys throughout-the-world.
More information about our Receiver/Keeper Services, visit: COURT APPOINTED RECEIVER / KEEPER (LOUISIANA) / Fiduciary services