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LR66.1. Receivers.

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.