In the exercise of the authority vested in the district courts by Fed. R. Civ.
P. 66, this rule is promulgated for the administration of estates by receivers or by
other similar officers appointed by the court. Except in the administration of the
estate, any civil action in which the appointment of a receiver or other similar
officer is sought, or which is brought by or against such an officer, is governed by
the Federal Rules of Civil Procedure and the Local Rules.
(a) Inventories.
Unless otherwise ordered, within twenty-eight (28) days after taking
possession of the estate, a receiver or similar officer shall file an inventory of all
the property and assets in the receiver’s possession or in the possession of his or
her agent. In a separate schedule, a receiver or other similar officer shall file an
inventory of the property and assets of the estate claimed and held by others.
(b) Reports.
Within one (1) month after the filing of the inventory, and at regular
intervals of three (3) months thereafter until discharged, or at such other times as
the court may direct, the receiver or other similar officer shall file reports of his or
her receipts and expenditures and of the receiver’s acts and transactions in his or
her official capacity.
(c) Compensation of Receivers, Commissioners, Attorneys, and
Others.
The compensation of receivers or similar officers, of their counsel, and of all
those who may have been appointed by the court to aid in the administration of the
estate, the conduct of its business, the discovery and acquisition of its assets, the
formation of reorganization plans, and the like, shall be ascertained and awarded
by the court in its discretion. Such an allowance shall be made only on such notice
to creditors and other persons in interest as the court may direct. The notice shall
state the amount claimed by each applicant.
(d) Administration of Estates.
In all other respects, receivers or similar officers shall administer the estate
in accordance with the practice in the administration of estates in bankruptcy,
except as otherwise ordered by the court.
