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Certification of Counsel Regarding Order… — In re KServicing Wind Down Corp., et al. (f/k/a Kabbage, Inc.… (Dkt. 131)

Summary

A Certification of Counsel filed October 20, 2022 as Doc 131 in In re Kabbage, Inc. d/b/a KServicing, et al., Case No. 22-10951 (CTG), in the United States Bankruptcy Court for the District of Delaware. It recounts that on October 4, 2022 the debtors filed an application at Docket No. 17, under 11 U.S.C. § 327(a), for authority to retain and employ Omni Agent Solutions, Inc. as administrative agent effective as of the petition date, with a proposed order attached as Exhibit C. It states that under the notice at Docket No. 50, filed October 5, 2022, objections were due October 19, 2022 at 4:00 p.m. prevailing Eastern Time, and that the Office of the United States Trustee gave informal comments before that deadline. A revised proposed order is attached as Exhibit 1 with a redline as Exhibit 2, and neither the U.S. Trustee nor the Federal Reserve Bank of San Francisco objects to its entry.

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No. 22-10951 · Doc. 131 · Docket on CourtListener

Full text

                   Case 22-10951-CTG              Doc 131       Filed 10/20/22        Page 1 of 3




                               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)
                                                             :
                                                             : Re: Docket No. 17 & 50
------------------------------------------------------------ x
                          CERTIFICATION OF COUNSEL REGARDING
               ORDER AUTHORIZING DEBTORS TO EMPLOY AND RETAIN
              OMNI AGENT SOLUTIONS, INC. AS ADMINISTRATIVE AGENT
                             EFFECTIVE AS OF THE PETITION DATE

                    The undersigned hereby certifies as follows:

                    1.       On October 4, 2022, Kabbage, Inc. d/b/a KServicing and its debtor

affiliates, as debtors and debtors in possession in the above-captioned chapter 11 cases

(collectively, the “Debtors”), filed the Application of Debtors Pursuant to 11 U.S.C. § 327(a) and

Fed. R. Bankr. P. 2014(a) and 2016 for Authority to Retain and Employ Omni Agent Solutions,

Inc. as Administrative Agent Effective as of the Petition Date [Docket No. 17] (the “Application”)

with the United States Bankruptcy Court for the District of Delaware (the “Court”). A proposed

form of order granting the relief requested in the Application was attached to the Application as

Exhibit C (the “Proposed Order”).




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.



RLF1 28103483v.2
                   Case 22-10951-CTG      Doc 131     Filed 10/20/22    Page 2 of 3




                   2.    Pursuant to the Notice of Application and Hearing [Docket No. 50], filed

on October 5, 2022, objections or responses to the relief requested in the Application, if any, must

be made in writing and filed with the Court on or before October 19, 2022 at 4:00 p.m. (prevailing

Eastern Time) (the “Objection Deadline”).

                   3.    Prior to the Objection Deadline, the Debtors received certain informal

comments (the “Comments”) to the relief requested in the Application from the Office of the

United States Trustee for the District of Delaware (the “U.S. Trustee”).

                   4.    To resolve the Comments, the Debtors have prepared a revised form of

Proposed Order (the “Revised Order”), attached hereto as Exhibit 1.         The Revised Order has

been circulated to the U.S. Trustee and the Federal Reserve Bank of San Francisco, and the

aforementioned parties do not object to the entry of the Revised Order. For the convenience of

the Court and all parties in interest, a redline comparison of the Revised Order marked against the

Proposed Order is attached hereto as Exhibit 2.



                             [Remainder of page intentionally left blank]




                                                  2
RLF1 28103483v.2
                   Case 22-10951-CTG        Doc 131     Filed 10/20/22   Page 3 of 3




                   WHEREFORE the Debtors respectfully request that the Revised Order be entered

at the earliest convenience of the Court.

 Dated: October 20, 2022
        Wilmington, Delaware

                                            /s/ Amanda R. Steele
                                            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

                                            Proposed Attorneys for Debtors
                                            and Debtors in Possession




                                                    3
RLF1 28103483v.2


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