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

EDS Court-Appointed Receivers and 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 can present clear, objective, and compelling findings to judges.

For over 40 years in assignments across industries and asset classes throughout Louisiana, New Orleans-based EDS has skillfully and judiciously served as Court-Appointed Receiver/Keeper 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—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 all stakeholders in converting their distressed assets to cash.

A Louisiana Court-Appointed Receiver/Keeper 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/Keeper is typically done to protect the assets of the business or property while the legal dispute is resolved. The Court-Appointed Receiver/Keeper 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 Louisiana Court-Appointed Receiver/Keeper 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.