[Reserved]
LCivR 66
RECEIVERS
(a) Inventories.
Unless the Court otherwise orders, a receiver or similar officer as soon as practicable after his
appointment, and not later than 21 days after he has taken possession of the estate, shall file an
inventory of all the property and assets in his possession or in the possession of others who hold
possession as his agents, and in a separate schedule, an inventory of the property and assets of
the estate not reduced to possession by him but claimed and held by others.
(b) Reports.
Within 6 months after the filing of the inventory, and at regular intervals of 6 months thereafter
until discharged, or at such other times as the Court may direct, the receivers or other similar
officer shall file reports of his receipts and expenditures and of his acts and transactions in an
official capacity.
(c) Compensation of Receivers, 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
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 the receiver or similar officer shall administer the estate as nearly as possible
in accordance with the practice in the administration of estates in bankruptcy, except as
otherwise ordered by the Court.
(e) Receivership Action—How Dismissed.
No action in which a receiver has been appointed shall be dismissed by any party except by leave
of Court and on such notice to other parties as the Court may prescribe.
LCivR 67
DEPOSIT INTO COURT
(a) Depositing Property.
Property or money to be deposited into the Court’s registry must be accompanied by a court
order permitting deposit.
(b) Investing and Withdrawing Funds.
(1) Deposit Account – Funds less than $5,000. Court ordered deposits of less than
$5,000 shall be deposited by the Clerk of Court directly into the United States
Treasury and will earn no interest and incur no fees while on deposit.
(2) Deposit Account – Funds of $5,000 or more. Court ordered deposits of $5,000 or
more will be deposited by the Clerk of Court into an interest bearing U.S. Treasury
account using the Court Registry Investment System, managed according to the
policies and procedures of the Administrative Office of the United States Courts.
(3) Fee Deduction. The Clerk is directed to deduct a fee from the income earned on the
investment at the rates published by the Director of the Administrative Office of the
United States Courts as approved by the Judicial Conference of the United States.
(4) Disbursement. All motions for disbursement of registry funds shall specify the
principal sum initially deposited, the amount of principal funds to be disbursed, with
or without interest, and the name and address (sealed if necessary) of the person to
whom the disbursement is to be made. If more than one party is to be paid, the
portion of principal and interest due each payee must be set forth separately. Motions
for disbursement of registry funds that have earned interest in excess of the IRS
reportable interest income threshold require an IRS Form W-9 submitted directly to
the Clerk’s Office (not on the CM/ECF filing system). Unless otherwise ordered,
each disbursal will include the principal amount deposited, plus all accrued interest,
minus the above described fee.
