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Home Court filings Kservicing Bankruptcy HEARING CANCELLED. Notice of Agenda of Matters… — In re KServicing Wind Down Corp., et…

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HEARING CANCELLED. Notice of Agenda of Matters… — In re KServicing Wind Down Corp., et al. (f/k/a Kabbage,… (Dkt. 142)

Summary

A notice of agenda of matters scheduled for a video hearing in In re Kabbage, Inc. d/b/a KServicing, et al., Case No. 22-10951 (CTG), a jointly administered chapter 11 case in the U.S. Bankruptcy Court for the District of Delaware, filed October 24, 2022 as Doc 142. It states that the hearing set for October 26, 2022 at 10:30 a.m. before the Honorable Craig T. Goldblatt has been cancelled with permission from the Court because no matters are scheduled to go forward. The agenda lists eight resolved matters, among them motions on insurance policies, utility adequate assurance and prepetition taxes and applications to retain Weil, Gotshal & Manges LLP, AlixPartners, LLP and Omni Agent Solutions, Inc., each noting an order entered October 21, 2022. Two matters are continued to November 7, 2022 at 1:00 p.m., and one bar date motion is to be submitted under certification of counsel.

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No. 22-10951 · Doc. 142 · Docket on CourtListener

Full text

                   Case 22-10951-CTG             Doc 142         Filed 10/24/22       Page 1 of 9




                               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

               NOTICE OF AGENDA FOR VIDEO HEARING SCHEDULED
          FOR OCTOBER 26, 2022 AT 10:30 A.M. (PREVAILING EASTERN TIME),
          BEFORE THE HONORABLE CRAIG T. GOLDBLATT, AT THE UNITED
           STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE


      AS NO MATTERS ARE SCHEDULED TO GO FORWARD, THE HEARING HAS
            BEEN CANCELLED WITH PERMISSION FROM THE COURT.

I.         RESOLVED MATTERS:

1.         Motion of Debtors for Entry of Interim and Final Orders (I) Authorizing (A) Debtors to
           Continue Insurance Policies, and (B) Pay All Obligations with Respect Thereto, and
           (II) Granting Related Relief [Docket No. 7 – filed October 3, 2022]

           Objection/Response Deadline:                October 19, 2022 at 4:00 p.m. (ET)

           Objections/Responses Received:              None.

           Related Documents:

           i.       Interim Order (I) Authorizing Debtors to (A) Continue Insurance Policies, and
                    (B) Pay all Obligations with Respect thereto, and (II) Granting Related Relief
                    [Docket No. 72 – entered October 6, 2022]

           ii.      Notice of (A) Entry of Interim Order (I) Authorizing Debtors to (A) Continue
                    Insurance Policies, and (B) Pay all Obligations with Respect Thereto, and
                    (II) Granting Related Relief; and (B) Final Hearing Thereon [Docket No. 81 –
                    filed October 6, 2022]

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.


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         iii.      Certificate of No Objection Regarding Motion of Debtors for Entry of Interim and
                   Final Orders (I) Authorizing (A) Debtors to Continue Insurance Policies, and
                   (B) Pay All Obligations with Respect Thereto, and (II) Granting Related Relief
                   [Docket No. 125 – filed October 20, 2022]

         iv.       Final Order (I) Authorizing Debtors to (A) Continue Insurance Policies, and
                   (B) Pay All Obligations with Respect Thereto and (II) Granting Related Relief
                   [Docket No. 132 – entered October 21, 2022]

         Status: On October 21, 2022, the Court entered a final order with respect to this matter.
                 Accordingly, a hearing with respect to this matter is no longer necessary.

2.       Motion of Debtors for Entry of Interim and Final Orders (I) Approving Debtors’
         Proposed Form of Adequate Assurance of Payment to Utility Providers, (II) Establishing
         Procedures for Resolving Objections by Utility Providers, (III) Prohibiting Utility
         Providers from Altering, Refusing, or Discontinuing Service, and (IV) Granting Related
         Relief [Docket No. 8 – filed October 3, 2022]

         Objection/Response Deadline:            October 19, 2022 at 4:00 p.m. (ET)

         Objections/Responses Received:          None.

         Related Documents:

         i.        Interim Order (I) Approving Debtors’ Proposed Form of Adequate Assurance of
                   Payment to Utility Providers, (II) Establishing Procedures for Resolving
                   Objections by Utility Providers, (III) Prohibiting Utility Providers from Altering,
                   Refusing, or Discontinuing Service, and (IV) Granting Related Relief [Docket
                   No. 74 – entered October 6, 2022]

         ii.       Notice of (A) Entry of Interim Order (I) Approving Debtors’ Proposed Form of
                   Adequate Assurance of Payment to Utility Providers, (II) Establishing Procedures
                   for Resolving Objections by Utility Providers, (III) Prohibiting Utility Providers
                   from Altering, Refusing, or Discontinuing Service, and (IV) Granting Related
                   Relief; and (B) Final Hearing Thereon [Docket No. 82 – filed October 6, 2022]

         iii.      Certificate of No Objection Regarding Motion of Debtors for Entry of Interim and
                   Final Orders (I) Approving Debtors’ Proposed Form of Adequate Assurance of
                   Payment to Utility Providers, (II) Establishing Procedures for Resolving
                   Objections by Utility Providers, (III) Prohibiting Utility Providers from Altering,
                   Refusing, or Discontinuing Service, and (IV) Granting Related Relief [Docket
                   No. 127 – filed October 20, 2022]

         iv.       Final Order (I) Approving Debtors’ Proposed Form of Adequate Assurance of
                   Payment to Utility Providers, (II) Establishing Procedures for Resolving
                   Objections by Utility Providers, (III) Prohibiting Utility Providers from Altering,
                   Refusing, or Discontinuing Service, and (IV) Granting Related Relief [Docket
                   No. 134 – entered October 21, 2022]

                                                    2
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         Status: On October 21, 2022, the Court entered a final order with respect to this matter.
                 Accordingly, a hearing with respect to this matter is no longer necessary.

3.       Motion of Debtors for Entry of Interim and Final Orders (I) Authorizing Debtors (A) to
         Pay Certain Prepetition Taxes and Assessments and (B) Granting Related Relief [Docket
         No. 9 – filed October 3, 2022]

         Objection/Response Deadline:           October 19, 2022 at 4:00 p.m. (ET)

         Objections/Responses Received:         None.

         Related Documents:

         i.        Interim Order (I) Authorizing Debtors (A) to Pay Certain Prepetition Taxes and
                   Assessments and (B) Granting Related Relief [Docket No. 70 – entered October
                   6, 2022]

         ii.       Notice of (A) Entry of Interim Order (I) Authorizing Debtors (A) to Pay Certain
                   Prepetition Taxes and Assessments and (B) Granting Related Relief; and
                   (B) Final Hearing Thereon [Docket No. 79 – filed October 6, 2022]

         iii.      Certificate of No Objection Regarding Motion of Debtors for Entry of Interim and
                   Final Orders (I) Authorizing Debtors (A) to Pay Certain Prepetition Taxes and
                   Assessments and (B) Granting Related Relief [Docket No. 126 – filed October 20,
                   2022]

         iv.       Final Order (I) Authorizing Debtors (A) To Pay Certain Prepetition Taxes and
                   Assessments and (B) Granting Related Relief [Docket No. 133 – entered October
                   21, 2022]

         Status: On October 21, 2022, the Court entered a final order with respect to this matter.
                 Accordingly, a hearing with respect to this matter is no longer necessary.

4.       Motion of Debtors for Interim and Final Orders Authorizing Debtors to (I) Continue
         Servicing and Subservicing Activities and (II) Perform Related Obligations [Docket No.
         11 – filed October 3, 2022]

         Objection/Response Deadline:           October 19, 2022 at 4:00 p.m. (ET)

         Objections/Responses Received:

         A.        Informal comments received from the Federal Reserve Bank of San Francisco

         Related Documents:

         i.        Interim Order Authorizing Debtors to (I) Continue Servicing and Subservicing
                   Activities and (II) Perform Related Obligations [Docket No. 88 – entered October
                   6, 2022]


                                                   3
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         ii.       Notice of (A) Entry of Interim Order Authorizing Debtors to (I) Continue
                   Servicing and Subservicing Activities and (II) Perform Related Obligations; and
                   (B) Final Hearing Thereon [Docket No. 89 – filed October 6, 2022]

         iii.      Certification of Counsel Regarding Final Order Authorizing Debtors to
                   (I) Continue Servicing and Subservicing Activities and (II) Perform Related
                   Obligations [Docket No. 139 – filed October 21, 2022]

         iv.       Final Order Authorizing Debtors to (I) Continue Servicing and Subservicing
                   Activities and (II) Perform Related Obligations [Docket No. 140 – entered
                   October 21, 2022]

         Status: On October 21, 2022, the Court entered a final order with respect to this matter.
                 Accordingly, a hearing with respect to this matter is no longer necessary.

5.       Application of Debtors for Authority to Retain and Employ Weil, Gotshal & Manges
         LLP as Attorneys for Debtors Effective as of Petition Date [Docket No. 15 – filed
         October 4, 2022]

         Objection/Response Deadline:           October 19, 2022 at 4:00 p.m. (ET)

         Objections/Responses Received:

         A.        Informal comments received from the Office of the United States Trustee (the
                   “U.S. Trustee”)

         Related Documents:

         i.        Notice of Application and Hearing [Docket No. 48 – filed October 5, 2022]

         ii.       Certification of Counsel Regarding Order Authorizing Retention and Employment
                   of Weil, Gotshal & Manges LLP as Attorneys for Debtors Effective as of Petition
                   Date [Docket No. 130 – filed October 20, 2022]

         iii.      Order Authorizing Retention and Employment of Weil, Gotshal & Manges LLP
                   as Attorneys for Debtors Effective as of Petition Date [Docket No. 137 – entered
                   October 21, 2022]

         Status: On October 21, 2022, the Court entered an order with respect to this matter.
                 Accordingly, a hearing with respect to this matter is no longer necessary.

6.       Application of Debtors for Entry of Order Authorizing Employment and Retention of
         AlixPartners, LLP as Financial Advisor to the Debtors Effective as of the Petition Date
         [Docket No. 16 – filed October 4, 2022]

         Objection/Response Deadline:           October 19, 2022 at 4:00 p.m. (ET)




                                                   4
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         Objections/Responses Received:

         A.        Informal comments received from the U.S. Trustee

         Related Documents:

         i.        Notice of Application and Hearing [Docket No. 49 – filed October 5, 2022]

         ii.       Supplemental Declaration of Deborah Rieger-Paganis of AlixPartners, LLP
                   [Docket No. 124 – filed October 20, 2022]

         iii.      Certification of Counsel Regarding Order Authorizing Debtors to Employ and
                   Retain AlixPartners, LLP as Financial Advisor Effective as of the Petition Date
                   [Docket No. 128 – filed October 20, 2022]

         iv.       Order Authorizing Debtors to Employ and Retain AlixPartners, LLP as Financial
                   Advisor Effective as of the Petition Date [Docket No. 135 – entered October 21,
                   2022]

         Status: On October 21, 2022, the Court entered an order with respect to this matter.
                 Accordingly, a hearing with respect to this matter is no longer necessary.

7.       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 – filed October 4, 2022]

         Objection/Response Deadline:           October 19, 2022 at 4:00 p.m. (ET)

         Objections/Responses Received:

         A.        Informal comments received from the U.S. Trustee

         Related Documents:

         i.        Notice of Application and Hearing [Docket No. 50 – filed October 5, 2022]

         ii.       Certification of Counsel Regarding Order Authorizing Debtors to Employ and
                   Retain Omni Agent Solutions, Inc. as Administrative Agent Effective as of the
                   Petition Date [Docket No. 131 – filed October 20, 2022]

         iii.      Order Authorizing Debtors to Employ and Retain Omni Agent Solutions, Inc. as
                   Administrative Agent Effective as of the Petition Date [Docket No. 138 – entered
                   October 21, 2022]

         Status: On October 21, 2022, the Court entered an order with respect to this matter.
                 Accordingly, a hearing with respect to this matter is no longer necessary.




                                                   5
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8.       Motion of Debtors for Entry of Order Establishing Procedures for Interim Compensation
         and Reimbursement of Expenses of Professionals [Docket No. 95 – filed October 11,
         2022]

         Objection/Response Deadline:          October 19, 2022 at 4:00 p.m. (ET); extended by
                                               agreement to October 21, 2022 at 12:00 noon for
                                               the U.S. Trustee

         Objections/Responses Received:

         A.        Informal comments received from the U.S. Trustee

         Related Documents:

         i.        Certification of Counsel Regarding Order Establishing Procedures for Interim
                   Compensation and Reimbursement of Expenses of Professionals [Docket No. 129
                   – filed October 20, 2022]

         ii.       Order Establishing Procedures for Interim Compensation and Reimbursement of
                   Expenses of Professionals [Docket No. 136 – entered October 21, 2022]

         Status: On October 21, 2022, the Court entered an order with respect to this matter.
                 Accordingly, a hearing with respect to this matter is no longer necessary.

II.      CONTINUED MATTERS:

9.       Motion of Debtors for Entry of Interim and Final Orders (I) Authorizing Debtors to
         (A) Pay Prepetition Wages, Salaries, Employee Benefits, and Other Compensation and
         (B) Maintain Employee Benefit Programs and Pay Related Obligations and (II) Granting
         Related Relief [Docket No. 10 – filed October 3, 2022]

         Objection/Response Deadline:          October 19, 2022 at 4:00 p.m. (ET); extended to
                                               October 31, 2022 at 4:00 p.m. (ET) for the relief
                                               sought in the Supplement (as defined below)

         Objections/Responses Received:

         A.        Informal comments received from the U.S. Trustee

         B.        Informal comments received from Morgan Franklin LLC

         Related Documents:

         i.        Interim Order (I) Authorizing Debtors to (A) Pay Prepetition Wages, Salaries,
                   Employee Benefits, and Other Compensation and (B) Maintain Employee Benefit
                   Programs and Pay Related Obligations and (II) Granting Related Relief [Docket
                   No. 75 – entered October 6, 2022



                                                  6
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         ii.       Notice of (A) Entry of Interim Order (I) Authorizing Debtors to (A) Pay
                   Prepetition Wages, Salaries, Employee Benefits, and Other Compensation and
                   (B) Maintain Employee Benefit Programs and Pay Related Obligations and
                   (II) Granting Related Relief; and (B) Final Hearing Thereon [Docket No. 80 –
                   filed October 6, 2022]

         iii.      Supplement to the Motion of Debtors for Entry of Interim and Final Orders
                   (I) Authorizing Debtors to (A) Pay Prepetition Wages, Salaries, Employee
                   Benefits, and Other Compensation and (B) Maintain Employee Benefit Programs
                   and Pay Related Obligations and (II) Granting Related Relief [Docket No. 141 –
                   filed October 21, 2022] (the “Supplement”)

         Status: The hearing with respect to this matter has been continued to November 7, 2022
                 at 1:00 p.m. (ET).

10.      Application of Debtors to Retain and Employ Richards, Layton & Finger, P.A. as Co-
         Counsel to the Debtors Effective as of Petition Date [Docket No. 46 – filed October 4,
         2022]

         Objection/Response Deadline:          October 19, 2022 at 4:00 p.m. (ET); extended by
                                               agreement to October 31, 2022 at 4:00 p.m. for the
                                               U.S. Trustee

         Objections/Responses Received:

         A.        Informal comments received from the U.S. Trustee

         Related Documents:

         i.        Notice of Application and Hearing [Docket No. 51 – filed October 5, 2022]

         Status: The hearing with respect to this matter has been continued to November 7, 2022
                 at 1:00 p.m. (ET).

III.     MATTER TO BE SUBMITTED UNDER CERTIFICATION:

11.      Motion of Debtors for Entry of Order (I) Establishing a General Bar Date to File Proofs
         of Claim, (II) Establishing a Bar Date to File Proofs of Claim by Governmental Units,
         (III) Establishing an Amended Schedules Bar Date, (IV) Establishing a Rejection
         Damages Bar Date, (V) Approving the Form and Manner for Filing Proofs of Claim,
         (VI) Approving the Proposed Notice of Bar Dates, (VII) Approving Procedures with
         Respect to Service of the Proposed Notice of Bar Dates, and (VIII) Granting Related
         Relief [Docket No. 96 – filed October 11]

         Objection/Response Deadline:          October 19, 2022 at 4:00 p.m. (ET); extended by
                                               agreement to October 21, 2022 at 12:00 noon for
                                               the U.S. Trustee


                                                   7
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         Objections/Responses Received:

         A.        Informal comments received from the U.S. Trustee

         Related Documents: None at this time.

         Status: The Debtors intend to submit a revised proposed order under certification of
                 counsel. Accordingly, a hearing with respect to this matter will only be necessary
                 to the extent the Court has any questions or concerns.

Dated: October 24, 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

                                          Proposed Attorneys for Debtors
                                          and Debtors in Possession

                                          -and-




                                                  8
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                                       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




                                               9
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