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Home Court filings In re KServicing Wind Down Corp., et al. Notice of Filing — November 18 Letter from KServicing to Customers Bank — In re KServicing (Bankr. D. Del.)

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

CourtU.S. Bankruptcy Court for the District of Delaware
Filed2022-11-29

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

 
2 
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

 
3 
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 
Case 22-10951-CTG    Doc 299    Filed 11/29/22    Page 3 of 3

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