Louisiana Court-Appointed Keeper / Receiver Services

LOUISIANA APPOINTMENT OF KEEPER / RECEIVER SERVICES

Louisiana Rev Stat § 9:5136 — Designation in mortgage or other instrument of keeper of property
Louisiana Rev Stat § 12:1-1432 — Appointment of receiver or liquidator

A Louisiana Court-Appointed Keeper or Receiver owes a fiduciary duty to the Court and all parties involved in the litigation to preserve, protect, manage, and operate the property, real and moveable, 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 Keeper/Receiver 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/Keeper 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 admiralty jurisdiction.

EDS Louisiana Court-Appointed Keepers and Receivers are highly-trained—highly skilled—highly credentialed—highly experienced distressed 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.

For over 40 years in hundreds of assignments across industries and asset classes throughout the country, New Orleans, LA-based EDS has skillfully and judiciously served as Court-Appointed Keeper/Receiver for creditors, attorneys, investors, and all 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.

From National Priority List Superfund Sites—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 all stakeholders in converting their distressed assets to cash.

A Louisiana Court-Appointed Keeper or Receiver is an independent third-party neutral fiduciary 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 is typically done to protect the assets of the business or property while the legal dispute is resolved. The Court-Appointed Receiver has the authority to operate and manage the business or property and take steps to protect and preserve the assets until the dispute is resolved.

A Court-Appointed Receiver is different from a Court-Appointed Keeper as the Receiver is appointed to manage the property, assets, and financials of the company, but in the case of a Keeper, the primary focus is to keep the assets safe and preserve them.

The role of a Court-Appointed Receiver 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.

The Court-Appointed Receiver or Keeper is a court-appointed agent who is responsible for acting on behalf of the court to keep the assets safe, preserve the assets, and manage the property until the final resolution of the legal dispute.