(a) GENERAL. The administration of estates by receivers or other officers shall be similar to that
in bankruptcy cases except that the court in its discretion shall—
(1) fix the allowance of compensation of receivers or similar officers, their counsel, and
any others appointed to aid in the administration of the estate, and
(2) direct the manner in which the estate shall be administered, including the conduct of
its business, the discovery and acquirement of its assets, and the formation of
reorganization plans.
(b) REPORTS BY RECEIVER. Unless otherwise ordered, a receiver, or other similar officer
appointed by this Court, shall as soon as practicable after appointment, but in any event not later
than 21 days thereafter, file an inventory of all property, real, personal or mixed, of which the
receiver has taken possession or control, together with a list of the then known liabilities of the
estate and a report explaining such inventory.
Thereafter and until discharged, the receiver shall file a current report every four months, unless the
court fixes some other filing interval. The current report and account shall list the receipts and
disbursements and summarize the activities of the receiver.
Amended July 19, 2009
