Louisiana Court-Appointed Keeper (Receiver) Services

LOUISIANA COURT-APPOINTED KEEPER SERVICES — STATEWIDE

STATE and FEDERAL RECEIVERSHIP SERVICES

Maximizing Value For All Stakeholders

A Louisiana Court-Appointed Keeper or Receiver as it is known in other states 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 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 Keepers for the U.S. Marshals Service for federal court seizures of assets under admiralty jurisdiction.

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.

EDS Louisiana Court-Appointed Keepers 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 are able to 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 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 the conversion of their distressed assets to cash.

Our Louisiana Court-Appointed Keepers (Receivers) marshal onsite 24/7/365 to secure, preserve, protect, operate, maintain, and enhance the going-concern value of the businesses and business assets that might otherwise be lost during bankruptcies, foreclosures, restructuring, replevin, and other legal proceedings while actively pursuing permanent solutions.

We specialize in providing 24/7/365 onsite 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 Moveable Property (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, Commercial and High-Value Residential Real Estate. No Court-Appointed Receiver assignment is too small or too large for us.

We are the measure by which all Louisiana Court-Appointed Keepers are judged.

A scenario… A borrower in financial distress raises myriad commercial loss concerns for its creditors, including increased risk of less than payment in full of its loan, increased liabilities, additional costs and expenses, and greater utilization of creditor resources. When a borrower shows signs of distress, it is critical for the creditor to promptly and proactively develop a thoughtful strategic plan to mitigate issues and identify options available to strengthen the creditor’s position in the credit facility. Doing this is an essential first step for a creditor interested in maximizing its recovery and limiting its exposure.

Our management and operations teams work closely with the creditor, its legal team, and all stakeholders to protect, preserve, maintain, operate and enhance the going-concern value of the business and/or business assets while actively pursuing permanent solutions.

The impact of complex and contentious litigation in many distressed situations can complicate, if not destroy, the creditor’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 difficulties occur, our experienced—street-savvy—proficient crisis/interim/turnaround and workout management teams employ creative solutions that often immediately reverse and cure these situations.

EDS’s unsurpassed nationwide capabilities, decades of state and federal Court-Appointed Receiver experience, and unimpeachable credibility afford it unparalleled opportunity to serve as trusted Louisiana Court-Appointed Keeper/Trustee/Custodian/Special Master/Liquidator.

How may we be of service to you?