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Home Court filings Kservicing Bankruptcy Order Directing Joint Administration of Related Chapter 11 Cases — In re KServicing

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Order Directing Joint Administration of Related Chapter 11 Cases — In re KServicing

Record facts

CourtU.S. Bankruptcy Court for the District of Delaware
Filed2022-10-04

U.S. Bankruptcy Court for the District of Delaware · No. 22-10951 · Doc. 42 · 2022-10-04 · Docket on CourtListener

Summary

An order under Fed. R. Bankr. P. 1015(b) directing joint administration of related Chapter 11 cases, entered October 4, 2022 as Doc. 42 in In re Kabbage, Inc., Case No. 22-10951 (CTG), in the U.S. Bankruptcy Court for the District of Delaware. It grants the debtors' motion dated October 3, 2022 and consolidates six cases, including Kabbage Canada Holdings, LLC and Kabbage Diameter, LLC, for procedural purposes only under Case No. 22-10951 (CTG). The order states that it does not effect substantive consolidation of the cases or the debtors' estates. It prescribes the joint caption, In re Kabbage, Inc. d/b/a KServicing, et al., and a docket entry for each other case. It is signed by United States Bankruptcy Judge Craig T. Goldblatt.

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Full text

RLF1 28021862v.1 
UNITED STATES BANKRUPTCY COURT 
DISTRICT OF DELAWARE 
------------------------------------------------------------ x 
 
In re 
: 
Chapter 11 
 
: 
 
KABBAGE, INC.,  
: 
Case No. 22-10951 (CTG) 
 
: 
 
 
 
Debtor. 
 
Tax I.D. No. 36-4973937 
: 
: 
: 
Ref. Docket No. 3 
------------------------------------------------------------ x 
 
In re 
: 
Chapter 11 
 
: 
 
KABBAGE CANADA HOLDINGS, LLC, 
: 
Case No. 22-10952 (CTG) 
 
: 
 
Debtor. 
: 
 
 
: 
 
Tax I.D. No. N/A 
: 
 
------------------------------------------------------------ x 
 
In re 
: 
Chapter 11 
 
: 
 
KABBAGE ASSET SECURITIZATION  
LLC, 
: 
: 
Case No. 22-10953 (CTG) 
Debtor. 
: 
 
 
: 
 
Tax I.D. No. N/A 
: 
 
------------------------------------------------------------ x 
 
In re 
: 
Chapter 11 
 
: 
 
KABBAGE ASSET FUNDING 2017-A 
: 
Case No. 22-10954 (CTG) 
LLC, 
: 
 
 
 
Debtor. 
: 
 
 
: 
 
Tax I.D. No. 61-1854803 
: 
 
------------------------------------------------------------ x 
 
In re 
: 
Chapter 11 
 
: 
 
KABBAGE ASSET FUNDING 2019-A 
: 
Case No. 22-10955 (CTG) 
LLC, 
: 
 
 
 
Debtor. 
: 
 
 
: 
 
Tax I.D. No. 83-4698973 
: 
 
------------------------------------------------------------ x 
 
 
 
 
 
 
 
 
 
 
Case 22-10951-CTG    Doc 42    Filed 10/04/22    Page 1 of 4

 
 
2 
 
RLF1 28021862v.1 
------------------------------------------------------------ x 
 
In re 
: 
Chapter 11 
 
: 
 
KABBAGE DIAMETER, LLC, 
: 
Case No. 22-10956 (CTG) 
 
: 
 
Debtor. 
: 
 
 
: 
 
Tax I.D. No. N/A 
: 
 
------------------------------------------------------------ x 
 
ORDER PURSUANT TO FED. R. BANKR. P. 1015(b)  
DIRECTING JOINT ADMINISTRATION OF RELATED CHAPTER 11 CASES  
Upon the motion, dated October 3, 2022 (the “Motion”)1 of Kabbage, Inc. d/b/a 
KServicing and its debtor affiliates, as debtors and debtors in possession in the Chapter 11 Cases 
(collectively, the “Debtors”), for entry of an order pursuant to Bankruptcy Rule 1015(b) and Local 
Rule 1015-1 directing joint administration of the Chapter 11 Cases, all as more fully set forth in 
the Motion; and this Court having jurisdiction to consider the Motion and the relief requested 
therein pursuant to 28 U.S.C. §§ 157(a)–(b) and 1334(b), and the Amended Standing Order of 
Reference from the United States District Court for the District of Delaware, dated February 29, 
2012; and consideration of the Motion and the requested relief being a core proceeding pursuant 
to 28 U.S.C. § 157(b); and venue being proper before this Court pursuant to 28 U.S.C. §§ 1408 
and 1409; and due and proper notice of the Motion having been provided; and such notice having 
been adequate and appropriate under the circumstances, and it appearing that no other or further 
notice need be provided; and this Court having reviewed the Motion; and upon any hearing held 
on the Motion (the “Hearing”); and upon the First Day Declaration and the record of the Hearing; 
and this Court having determined that the legal and factual bases set forth in the Motion establish 
just cause for the relief granted herein; and it appearing that the relief requested in the Motion is 
                                                 
1 Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to such terms 
in the Motion.   
Case 22-10951-CTG    Doc 42    Filed 10/04/22    Page 2 of 4

 
 
3 
 
RLF1 28021862v.1 
in the best interests of the Debtors and their respective estates and creditors; and after due 
deliberation and sufficient cause appearing therefor, 
IT IS HEREBY ORDERED THAT 
1. 
The Motion is granted to the extent set forth herein.   
2. 
The above-captioned chapter 11 cases are consolidated for procedural 
purposes only and shall be jointly administered by the Court under Case No. 22-10951 (CTG).   
3. 
Nothing contained in this Order shall be deemed or construed as directing 
or otherwise affecting the substantive consolidation of any of the above-captioned cases, the 
Debtors, or the Debtors’ estates.   
4. 
 The caption of the jointly administered cases should read as follows:  
UNITED STATES BANKRUPTCY COURT 
DISTRICT OF DELAWARE 
------------------------------------------------------------ x 
 
In re 
: 
Chapter 11 
 
: 
 
KABBAGE, INC. d/b/a KSERVICING, et al.,  : 
Case No. 22-10951 (CTG) 
 
: 
 
 
: 
 
 
 
Debtors. 1 
: 
(Jointly Administered) 
------------------------------------------------------------ x 
 
 
 
 
1 The Debtors in these chapter 11 cases, along with the last four digits of each Debtor’s federal tax identification 
number, as applicable are: Kabbage, Inc. d/b/a KServicing (3937); Kabbage Canada Holdings, LLC (N/A); Kabbage 
Asset Securitization LLC (N/A); Kabbage Asset Funding 2017-A LLC (4803); Kabbage Asset Funding 2019-A LLC 
(8973); and Kabbage Diameter, LLC (N/A).  Kabbage is a trademark of American Express used under license; 
Kabbage, Inc. d/b/a KServicing is not affiliated with American Express.  The Debtors’ mailing and service address is 
925B Peachtree Street NE, Suite 383, Atlanta, GA 30309. 
5. 
A docket entry shall be made in each of the above-captioned cases (other 
than the chapter 11 case of Kabbage, Inc. d/b/a KServicing) substantially as follows:   
An order has been entered in this case directing the procedural 
consolidation and joint administration of the Chapter 11 Cases of 
Kabbage, Inc. d/b/a KServicing, et al.  The docket in Case No. 22-
10951 (CTG) should be consulted for all matters affecting this case.   
Case 22-10951-CTG    Doc 42    Filed 10/04/22    Page 3 of 4

 
 
4 
 
RLF1 28021862v.1 
6. 
The Debtors are authorized to take all action necessary to effectuate the 
relief granted in this Order.   
7. 
This Court shall retain jurisdiction to hear and determine all matters arising 
from or related to the implementation, interpretation, or enforcement of this Order.   
 
Dated: October 4th, 2022 
Wilmington, Delaware
CRAIG T. GOLDBLATT 
UNITED STATES BANKRUPTCY JUDGE
Case 22-10951-CTG    Doc 42    Filed 10/04/22    Page 4 of 4

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Original
archive.org
  1. Voluntary Petition for Chapter 11 Bankruptcy — In re KServicing Wind Down (Bankr. D. Del.)same case · 2022-10-03
  2. Notice of Weil Gotshal First Monthly Fee Statement — In re Kabbage, Inc. d/b/a KServicing (Bankr. D. Del.)same docket · 2022-10-03
  3. Retention Application — Richards, Layton & Finger, P.A. as Co-Counsel — In re KServicingsame docket · 2022-10-04
  4. Application to Retain Omni Agent Solutions as Administrative Agent — In re KServicingsame docket · 2022-10-04
  5. Application to Retain and Employ Weil, Gotshal & Manges LLP as Debtors' Counsel — In re KServicingsame docket · 2022-10-04
  6. First-Day Declaration of Deborah Rieger-Paganis in Support of Chapter 11 Petitions — In re KServicingsame docket · 2022-10-04
  7. In re Kabbage, Inc. — Loiseau Declaration Supporting Retention of Weil, Gotshal & Mangessame docket · 2022-10-04
  8. Emergency Bridge Order — Postpetition Use of Cash Management System — In re KServicingsame docket · 2022-10-04
  9. Cash Management Bridge Ordersame docket · 2022-10-04
  10. Application to Retain Richards, Layton & Finger, P.A. as Co-Counsel — In re KServicingsame docket · 2022-10-04
  11. Application to Retain and Employ AlixPartners, LLP as Financial Advisor — In re KServicingsame case · 2022-10-04
  12. Part 2 — KServicing Wind Down Corp. (Dkt. 20.2)same docket · 2022-10-04
  13. Part 1 — KServicing Wind Down Corp. (Dkt. 20.1)same docket · 2022-10-04
  14. Kabbage - Omni 327(a) Retention Application As filed, Doc. 17-1 — In re KServicing Wind Down Corp., et al.same docket · 2022-10-04
  15. Interim order — cash management system and bank accounts — In re KServicing (Bankr. D. Del., 2022-10-06, 1)same case · 2022-10-06
  16. Interim order — payment of prepetition employee wages and benefits — In re KServicingsame case · 2022-10-06
  17. Interim order — continuation of insurance policies — In re KServicing (Bankr. D. Del., 2022-10-06, 2)same case · 2022-10-06
  18. Interim order — payment of prepetition taxes and assessments — In re KServicingsame case · 2022-10-06
  19. Interim Order — Continue Servicing and Subservicing Activities — In re KServicingsame case · 2022-10-06
  20. Interim order — stock transfer restrictions (NOL protection) — In re KServicingsame case · 2022-10-06

Part of: In re KServicing Wind Down Corp., et al. — U.S. Bankruptcy Court, D. Del. · U.S. Bankruptcy Court for the District of Delaware · Paycheck Protection Program (PPP) · Bankruptcies · Orders and opinions · 2022 · Court filings

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