Court filing
Notice of Filing — November 18 Letter from KServicing to Customers Bank — In re KServicing (Bankr. D. Del.)
Filed November 29, 2022 in Kservicing Bankruptcy; one of 140 filings from this case.
Record facts
| Court | U.S. Bankruptcy Court for the District of Delaware |
|---|---|
| Filed | 2022-11-29 |
U.S. Bankruptcy Court for the District of Delaware · No. 22-10951 · Doc. 299 · 2022-11-29 · Docket on CourtListener
Full text
RLF1 28284438v.1
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE 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)
:
:
:
Re: Docket Nos. 232, 287 & 289
------------------------------------------------------------ x
NOTICE OF FILING NOVEMBER 18, 2022 LETTER
FROM THE DEBTORS TO CUSTOMERS BANK
PLEASE TAKE NOTICE that, on November 9, 2022, the United States
Bankruptcy Court for the District of Delaware (the “Court”) entered an order [Docket No. 232]
(the “Settlement Order”) authorizing and approving a settlement agreement (the “Settlement
Agreement”) between Kabbage, Inc. d/b/a KServicing and Customers Bank (“CB”).
PLEASE TAKE FURTHER NOTICE that, on November 25, 2022, the above-
captioned debtors and debtors in possession (collectively, the “Debtors”) filed a letter [Docket
No. 287] (the “Debtors’ Letter”) with respect to a dispute arising under the Settlement Order and
the Settlement Agreement.
PLEASE TAKE FURTHER NOTICE that, on November 28, 2022, CB filed a letter
[Docket No. 289] (the “CB Letter”) in response to the Debtors’ Letter. The CB Letter referenced
and attached as Exhibit E a November 17, 2022 letter sent by CB to the Debtors (the “November
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.
Case 22-10951-CTG Doc 299 Filed 11/29/22 Page 1 of 3
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RLF1 28284438v.1
17th Letter”). The Debtors responded to the November 17th Letter on November 18, 2022 (the
“November 18th Letter”). CB did not attach the November 18th Letter to the CB Letter because
such letter was marked by the Debtors as “confidential.”
PLEASE TAKE FURTHER NOTICE that, to provide the Court with a complete
record, that the Debtors hereby file the November 18th Letter, a copy of which is hereto as Exhibit
1.
[Remainder of page intentionally left blank]
Case 22-10951-CTG Doc 299 Filed 11/29/22 Page 2 of 3
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RLF1 28284438v.1
Dated: November 29, 2022
Wilmington, Delaware
/s/ Matthew P. Milana
RICHARDS, LAYTON & FINGER, P.A.
Daniel J. DeFranceschi, Esq. (No. 2732)
Amanda R. Steele, Esq. (No. 5530)
Zachary I. Shapiro, Esq. (No. 5103)
Matthew P. Milana, Esq. (No. 6681)
One Rodney Square
920 North King Street
Wilmington, Delaware 19801
Telephone: (302) 651-7700
E-mail: defranceschi@rlf.com
steele@rlf.com
shapiro@rlf.com
milana@rlf.com
-and-
WEIL, GOTSHAL & MANGES LLP
Ray C. Schrock, P.C. (admitted pro hac vice)
Candace M. Arthur, Esq. (admitted pro hac vice)
Natasha S. Hwangpo, Esq. (admitted pro hac vice)
Chase A. Bentley, Esq. (admitted pro hac vice)
767 Fifth Avenue
New York, New York 10153
Telephone:
(212) 310-8000
E-mail:
ray.schrock@weil.com
candace.arthur@weil.com
natasha.hwangpo@weil.com
chase.bentley@weil.com
Attorneys for Debtors and Debtors in Possession
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