Pandemic Darlings The pandemic economy, in original documents
Home Source documents AlixPartners) to discuss cash collateral reporting, cost-per-loan analysis updates

AlixPartners) to discuss cash collateral reporting, cost-per-loan analysis updates

Date
2023-01-30

Summary

Doc 496-2 in Case 22-10951-CTG, filed January 30, 2023, is Exhibit A, a description of AlixPartners' hours and fees by matter category for work for Kabbage, Inc. d/b/a Kservicing. The time entries date from December 2022 and record, by date and professional's initials, calls on cash collateral reporting, cost-per-loan analysis, loan transfer updates, winddown budgets, claims processing and monthly operating reports. The Fee Applications category covers preparation of the Second Monthly Fee Application (November 2022) and totals 21.8 hours and $11,665.00. The Travel Time category records 12.0 hours and $11,340.00, reduced by 50% to total professional fees of $5,670.00.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Full text

Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 1 of 63

Exhibit A
Description of AlixPartners’ Hours and Fees by Matter Category


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 2 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Chapter 11 Process / Case Management
20006554P00002.1.1

DATE
12/01/2022

PROFESSIONAL
DCR

12/01/2022

JN

12/01/2022

JMK

12/01/2022

NL

12/05/2022

DCR

12/05/2022

JN

12/05/2022
12/05/2022

JN
JMK

12/05/2022

NL

12/06/2022

DCR

12/06/2022

DCR

12/06/2022

JN

12/06/2022

JMK

12/06/2022

NL

12/07/2022

DCR

12/07/2022

JN

12/07/2022

JN

DESCRIPTION OF SERVICES
Call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss cash collateral reporting, cost-per-loan analysis updates
and other liquidity matters
Call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss cash collateral reporting, cost-per-loan analysis updates
and other liquidity matters
Call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss cash collateral reporting, cost-per-loan analysis updates
and other liquidity matters
Call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss cash collateral reporting, cost-per-loan analysis updates
and other liquidity matters
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss cash collateral reporting, professional fee updates, and
updated cash collateral budget
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss cash collateral reporting, professional fee updates, and
updated cash collateral budget
Prepare for case strategy discussion with Weil and RLF
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss cash collateral reporting, professional fee updates, and
updated cash collateral budget
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss cash collateral reporting, professional fee updates, and
updated cash collateral budget
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss cash collateral reporting updates and status of transfer cost
analysis
Attend meeting with H.Loiseau, S.Kafiti, L.Milner (KServicing) and C.Arthur
(Weil) to discuss pro fee budget for December.
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss cash collateral reporting updates and status of transfer cost
analysis
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss cash collateral reporting updates and status of transfer cost
analysis
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss cash collateral reporting updates and status of transfer cost
analysis
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss cash collateral reporting updates and status of transfer cost
analysis
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss cash collateral reporting updates and status of transfer cost
analysis
Prepare project workstream status update for KS management

HOURS
0.5
0.5
0.5
0.5
0.5
0.5
0.8
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.7
0.7
0.4


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 3 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Chapter 11 Process / Case Management
20006554P00002.1.1

DATE
12/07/2022

PROFESSIONAL
JMK

12/07/2022

NL

12/07/2022
12/08/2022

TBT
AP

12/08/2022

DCR

12/08/2022

DCR

12/08/2022

JN

12/08/2022

JMK

12/08/2022

NL

12/08/2022

TBT

12/09/2022

AP

12/09/2022

DCR

12/09/2022

DCR

12/09/2022
12/09/2022

DCR
JN

12/09/2022

JMK

12/09/2022

NL

12/09/2022

TBT

DESCRIPTION OF SERVICES
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss cash collateral reporting updates and status of transfer cost
analysis
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss cash collateral reporting updates and status of transfer cost
analysis
Update AlixPartners weekly status report
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners) to
discuss claims processing status and November MOR status
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners) to
discuss claims processing status and November MOR status
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss cash collateral reporting updates, updated budget review,
and pro fee carve out funding updates
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss cash collateral reporting updates, updated budget review,
and pro fee carve out funding updates
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss cash collateral reporting updates, updated budget review,
and pro fee carve out funding updates
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss cash collateral reporting updates, updated budget review,
and pro fee carve out funding updates
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners)
to discuss claims processing status and November MOR status
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners)
to discuss KERP Payment timing, loan reconciliations, claims and professional fees
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss cash collateral reporting updates and CUBI and CRB
remittance reconciliation updates
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners)
to discuss KERP Payment timing, loan reconciliations, claims and professional fees
Review and respond to case related matters.
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss cash collateral reporting updates and CUBI and CRB
remittance reconciliation updates
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss cash collateral reporting updates and CUBI and CRB
remittance reconciliation updates
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss cash collateral reporting updates and CUBI and CRB
remittance reconciliation updates
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners)
to discuss KERP Payment timing, loan reconciliations, claims and professional fees

HOURS
0.7
0.7
0.2
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.3
0.6
0.3
0.8
0.6
0.6
0.6
0.3


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 4 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Chapter 11 Process / Case Management
20006554P00002.1.1

DATE
12/12/2022

PROFESSIONAL
DCR

12/12/2022

JN

12/12/2022

JMK

12/12/2022
12/12/2022

JMK
NL

12/13/2022

AP

12/13/2022

JN

12/13/2022

JMK

12/13/2022
12/13/2022
12/13/2022

JMK
JMK
NL

12/13/2022

TBT

12/14/2022

DCR

12/14/2022

JN

12/14/2022

JMK

12/14/2022
12/14/2022
12/14/2022

JMK
JMK
NL

12/14/2022

TBT

DESCRIPTION OF SERVICES
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss cash collateral reporting updates, CUBI and CRB
remittance reconciliation updates, and transfer cost analysis updates
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss cash collateral reporting updates, CUBI and CRB
remittance reconciliation updates, and transfer cost analysis updates
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss cash collateral reporting updates, CUBI and CRB
remittance reconciliation updates, and transfer cost analysis updates
Prepare loan transfer workstream tracker and cost model
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss cash collateral reporting updates, CUBI and CRB
remittance reconciliation updates, and transfer cost analysis updates
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners) to
discuss professional fees, November MOR and claims process
Call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss updates on budget variance analysis, CUBI and CRB
remittance reconciliations and on-going Partner Bank disputes
Call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss updates on budget variance analysis, CUBI and CRB
remittance reconciliations and on-going Partner Bank disputes
Prepare loan transfer workstream tracker and cost model
Prepare loan transfer workstream tracker and cost model
Call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss updates on budget variance analysis, CUBI and CRB
remittance reconciliations and on-going Partner Bank disputes
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners) to
discuss professional fees, November MOR and claims process
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners) to
discuss professional fee tracking and forecasts, claims process, November MOR
and executory contracts
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss updates on budget variance analysis, CUBI and CRB
remittance reconciliations and cost-per-loan analysis
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss updates on budget variance analysis, CUBI and CRB
remittance reconciliations and cost-per-loan analysis
Prepare bank account name responses re CMO
Prepare loan transfer workstream tracker and cost model
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss updates on budget variance analysis, CUBI and CRB
remittance reconciliations and cost-per-loan analysis
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners) to
discuss professional fee tracking and forecasts, claims process, November MOR
and executory contracts

HOURS
0.5
0.5
0.5
1.0
0.5
0.3
0.5
0.5
0.7
1.9
0.5
0.3
0.3
0.5
0.5
0.3
0.8
0.5
0.3


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 5 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Chapter 11 Process / Case Management
20006554P00002.1.1

DATE
12/15/2022

PROFESSIONAL
AP

12/15/2022

DCR

12/15/2022

DCR

12/15/2022

JN

12/15/2022

JMK

12/15/2022
12/15/2022

JMK
NL

12/15/2022

TBT

12/15/2022
12/16/2022

TBT
NL

12/19/2022

DCR

12/19/2022

JN

12/19/2022

JMK

12/19/2022

NL

12/20/2022

AP

12/20/2022

DCR

12/20/2022

DCR

12/20/2022

JN

DESCRIPTION OF SERVICES
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners) to
discuss MOR and contracts
Call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss loan transfer updates, cash collateral reporting, and general
case updates
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners) to
discuss MOR and contracts
Call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss loan transfer updates, cash collateral reporting, and general
case updates
Call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss loan transfer updates, cash collateral reporting, and general
case updates
Prepare loan transfer workstream tracker and cost model
Call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss loan transfer updates, cash collateral reporting, and general
case updates
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners) to
discuss MOR and contracts
Revise weekly updates for management
Review and finalize cash balances and cash collateral reporting for week-ended
12/9
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss loan transfer updates, winddown budget updates, and costper-loan analysis
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss loan transfer updates, winddown budget updates, and costper-loan analysis
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss loan transfer updates, winddown budget updates, and costper-loan analysis
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss loan transfer updates, winddown budget updates, and costper-loan analysis
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners) to
discuss claims process for disclosure statement and professional fee payments
timing and tracking
Call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss loan transfer updates, winddown budget updates, and costper-loan analysis
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners) to
discuss claims process for disclosure statement and professional fee payments
timing and tracking
Call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss loan transfer updates, winddown budget updates, and costper-loan analysis

HOURS
0.3
0.3
0.3
0.3
0.3
1.1
0.3
0.3
0.2
2.1
0.5
0.5
0.5
0.5
0.8
0.5
0.8
0.5


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 6 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Chapter 11 Process / Case Management
20006554P00002.1.1

DATE
12/20/2022

PROFESSIONAL
JMK

12/20/2022

NL

12/20/2022

TBT

12/21/2022

DCR

12/21/2022

JN

12/21/2022

JMK

12/21/2022

NL

12/21/2022
12/22/2022

TBT
AP

12/22/2022

DCR

12/22/2022

DCR

12/22/2022

DCR

12/22/2022

JN

12/22/2022

JN

12/22/2022

JMK

12/22/2022

NL

DESCRIPTION OF SERVICES
Call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss loan transfer updates, winddown budget updates, and costper-loan analysis
Call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss loan transfer updates, winddown budget updates, and costper-loan analysis
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners) to
discuss claims process for disclosure statement and professional fee payments
timing and tracking
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss loan transfer updates, winddown budget updates, and cash
collateral budget variance report
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss loan transfer updates, winddown budget updates, and cash
collateral budget variance report
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss loan transfer updates, winddown budget updates, and cash
collateral budget variance report
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss loan transfer updates, winddown budget updates, and cash
collateral budget variance report
Update weekly status report for KS management team
Call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners) to
discuss claims process and GUC estimation
Attend Board call with C. Arthur, N. Hwangpo, C. Bentley (all Weil) Z. Shapiro
(all RLF) D. Kurzweil (all Greenberg Traurig) L. Milner, H. Loiseau, S. Kafiti, E.
Hartz, R. Gregg, L. Taylor(all KServicing) D. Rieger-Paganis, J. Nelson (all
AlixPartners) to discuss case updates
Call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners) to
discuss claims process and GUC estimation
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss winddown budget, cost-per-loan analysis, and liquidation
analysis updates
Attend Board call with C. Arthur, N. Hwangpo, C. Bentley (all Weil) Z. Shapiro
(all RLF) D. Kurzweil (all Greenberg Traurig) L. Milner, H. Loiseau, S. Kafiti, E.
Hartz, R. Gregg, L. Taylor(all KServicing) D. Rieger-Paganis, J. Nelson (all
AlixPartners) to discuss case updates
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss winddown budget, cost-per-loan analysis, and liquidation
analysis updates
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss winddown budget, cost-per-loan analysis, and liquidation
analysis updates
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss winddown budget, cost-per-loan analysis, and liquidation
analysis updates

HOURS
0.5
0.5
0.8
0.5
0.5
0.5
0.5
0.2
0.5
1.0

0.5
0.5
1.0

0.5
0.5
0.5


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 7 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Chapter 11 Process / Case Management
20006554P00002.1.1

DATE
12/22/2022

PROFESSIONAL
TBT

12/23/2022

AP

12/23/2022

DCR

12/23/2022

DCR

12/23/2022

JN

12/23/2022

JMK

12/23/2022

NL

12/23/2022

TBT

12/27/2022

DCR

12/28/2022

DCR

12/28/2022

JN

12/28/2022

JMK

12/29/2022

AP

12/29/2022

DCR

12/29/2022

JMK

12/29/2022

NL

12/29/2022

TBT

12/29/2022
TBT
Total Professional Hours

DESCRIPTION OF SERVICES
Call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners) to
discuss claims process and GUC estimation
Call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners) to
discuss claims process and professional fees
Call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners) to
discuss claims process and professional fees
Call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss updates re: cost-per-loan analysis, winddown budget, and
Board presentation slides
Call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss updates re: cost-per-loan analysis, winddown budget, and
Board presentation slides
Call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss updates re: cost-per-loan analysis, winddown budget, and
Board presentation slides
Call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss updates re: cost-per-loan analysis, winddown budget, and
Board presentation slides
Call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners) to
discuss claims process and professional fees
Review and respond to case related emails on numerous topics including
liquidation analysis and disclosure statement.
Attend Board call with C. Arthur, N. Hwangpo, C. Bentley, L. Castillo (all Weil)
Z. Shapiro (all RLF) D. Kurzweil (all Greenberg Traurig) L. Milner, S. Kafiti, E.
Hartz, R. Gregg, L. Taylor(all KServicing) with D. Rieger-Paganis, J. Nelson, J.
Katsigeorgis (all AlixPartners) to discuss case updates
Attend Board call with C. Arthur, N. Hwangpo, C. Bentley, L. Castillo (all Weil)
Z. Shapiro (all RLF) D. Kurzweil (all Greenberg Traurig) L. Milner, S. Kafiti, E.
Hartz, R. Gregg, L. Taylor(all KServicing) with D. Rieger-Paganis, J. Nelson, J.
Katsigeorgis (all AlixPartners) to discuss case updates
Attend Board call with C. Arthur, N. Hwangpo, C. Bentley, L. Castillo (all Weil)
Z. Shapiro (all RLF) D. Kurzweil (all Greenberg Traurig) L. Milner, S. Kafiti, E.
Hartz, R. Gregg, L. Taylor(all KServicing) with D. Rieger-Paganis, J. Nelson, J.
Katsigeorgis (all AlixPartners) to discuss case updates
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners)
re: AP processes and updates to Plan and Disclosure Statement
Call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss liquidation analysis and winddown budget updates
Call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss liquidation analysis and winddown budget updates
Call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss liquidation analysis and winddown budget updates
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners)
re: AP processes and updates to Plan and Disclosure Statement
Respond to follow-up questions from L. Castillo (Weil) re: omnibus objections

HOURS
0.5
0.3
0.3
0.3
0.3
0.3
0.3
0.3
1.0
2.0

2.0

2.0

0.3
0.3
0.3
0.3
0.3
0.3
59.7


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 8 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Chapter 11 Process / Case Management
20006554P00002.1.1

DATE

PROFESSIONAL

DESCRIPTION OF SERVICES

HOURS


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 9 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:
PROFESSIONAL
Deborah Rieger-Paganis
James Nelson
Thora B Thoroddsen
John M Katsigeorgis
Anthony Perrella
Nicholas LoBiondo
Total Professional Hours and Fees

Chapter 11 Process / Case Management
20006554P00002.1.1
RATE
$1,160
$945
$880
$795
$555
$555

HOURS
15.0
11.6
4.5
15.5
3.3
9.8
59.7

$

FEES
17,400.00
10,962.00
3,960.00
12,322.50
1,831.50
5,439.00
51,915.00


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 10 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Cash / Liquidity Matters
20006554P00002.1.3

DATE
12/01/2022

PROFESSIONAL
AP

12/01/2022
12/01/2022
12/01/2022

AP
AP
JN

12/01/2022

JN

12/01/2022
12/01/2022
12/01/2022
12/01/2022
12/01/2022

JN
JMK
JMK
JMK
NL

12/01/2022

NL

12/01/2022

NL

12/02/2022
12/02/2022
12/02/2022

AP
AP
JN

12/02/2022
12/02/2022
12/02/2022
12/02/2022
12/02/2022
12/02/2022

JN
JN
JMK
JMK
JMK
NL

12/03/2022
12/05/2022
12/05/2022
12/05/2022

JN
AP
AP
JN

12/05/2022
12/05/2022
12/05/2022
12/05/2022
12/05/2022
12/05/2022

JN
JN
JMK
JMK
JMK
NL

12/05/2022

NL

12/06/2022

AP

DESCRIPTION OF SERVICES
Call with N. LoBiondo, A. Perrella (all AlixPartners) to discuss updated
professional fee estimates for cash flow
Develop daily cash analysis
Update professional fee tracker based on estimates received from professionals
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss weekly cash
collateral reporting
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss loan-level
reporting for PPPLF
Revise updated cash collateral budget
Discussions w/ M. Sullivan (KServicing) re professional fee budgets and actuals
Review daily cash and forward flow remittances
Review professional fee budgets and actuals
Call with N. LoBiondo, A. Perrella (all AlixPartners) to discuss updated
professional fee estimates for cash flow
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss weekly cash
collateral reporting
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss loan-level
reporting for PPPLF
Develop daily cash analysis
Update professional fee tracker based on estimates received from professionals
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss loan-level
reporting for PPPLF
Revise updated cash collateral budget
Review wind-down org chart details and loan processing details
Reconciliation of SALT and Out-of-pocket balances
Review daily cash and forward flow remittances
Review professional fee budgets and actuals
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss loan-level
reporting for PPPLF
Prepare weekly loan-level report for PPPLF
Develop daily cash analysis
Update professional fee tracker based on estimates received from professionals
Attend call with M. Kennedy, J. Ellis( all Chilmark) J. Nelson, N. LoBiondo (all
AlixPartners) to discuss updated cash collateral budget and cash collateral
remittance report reconciliation
Research of Chilmark questions regarding loan-level portfolio details
Review MorganFranklin portfolio risk review analysis
Coordination and tracking of carve-out funding
Reconciliation of CRB borrower collections and account activity
Review daily cash activity reporting and forward flow payments
Attend call with M. Kennedy, J. Ellis( all Chilmark) J. Nelson, N. LoBiondo (all
AlixPartners) to discuss updated cash collateral budget and cash collateral
remittance report reconciliation
Update cash collateral budget for operating and non-operating expense actuals for
week-ended 12/2/22
Develop daily cash analysis

HOURS
0.8
1.4
1.8
0.5
0.5
0.9
1.0
0.5
1.3
0.8
0.5
0.5
1.3
1.6
0.5
1.3
1.6
0.8
0.5
1.0
0.5
0.5
1.1
2.3
1.0
1.1
0.7
0.5
1.1
0.6
1.0
2.5
1.3


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 11 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Cash / Liquidity Matters
20006554P00002.1.3

DATE
12/06/2022

PROFESSIONAL
JN

12/06/2022
12/06/2022
12/06/2022
12/06/2022
12/06/2022
12/06/2022
12/06/2022

JN
JMK
JMK
JMK
JMK
JMK
NL

12/06/2022
12/07/2022
12/07/2022

NL
AP
AP

12/07/2022

AP

12/07/2022
12/07/2022

AP
JN

12/07/2022
12/07/2022

JN
JMK

12/07/2022

JMK

12/07/2022
12/07/2022
12/07/2022
12/07/2022
12/07/2022

JMK
JMK
JMK
JMK
NL

12/07/2022

NL

12/07/2022

NL

12/08/2022
12/08/2022

AP
DCR

12/08/2022
12/08/2022

JN
JN

12/08/2022

JN

12/08/2022
12/08/2022

JMK
JMK

DESCRIPTION OF SERVICES
Attend call with M. Kennedy, J. Ellis(all Chilmark) J. Nelson, N. LoBiondo (all
AlixPartners) to discuss week-ended 11/25 Fed remittance report reconciliation and
open items
Review weekly Fed remittance reporting
Outreach to company advisors and tracking re weekly fee estimates
Reconciliation of CRB borrower collections and account activity
Review daily cash activity reporting and forward flow payments
Review professional fee estimates and forecasts re cash flow model
Review partner bank and federal reserve float calculation re cash balances
Attend call with M. Kennedy, J. Ellis(all Chilmark) J. Nelson, N. LoBiondo (all
AlixPartners) to discuss week-ended 11/25 Fed remittance report reconciliation and
open items
Finalize updates to cash flow forecast for actuals through 12/6
Develop daily cash analysis
Working session with J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners)
re: amounts owed to SBA on borrower collections
Working session with J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners)
re partner bank float calculation and reconciliation
Update professional fee tracker based on estimates received from professionals
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss cash
collateral reporting updates, budget variance report, and permitted variance test
Revise weekly variance report and disbursements testing for Fed
Working session with J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners)
re: amounts owed to SBA on borrower collections
Working session with J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners)
re partner bank float calculation and reconciliation
Reconciliation of CRB borrower collections and account activity
Review daily cash activity reporting and forward flow payments
Review professional fee estimates and forecasts re cash flow model
Review partner bank and federal reserve float calculation re cash balances
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss cash
collateral reporting updates, budget variance report, and permitted variance test
Working session with J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners)
re: amounts owed to SBA on borrower collections
Working session with J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners)
re partner bank float calculation and reconciliation
Develop daily cash analysis
Attend call with D. Evans(all KServicing) D. Rieger-Paganis (Partial), J. Nelson,
N. LoBiondo (all AlixPartners) to discuss loan transfer activities and transfer costs
Review of CRB remittance reconciliation details
Attend call with D. Evans(all KServicing) D. Rieger-Paganis (Partial), J. Nelson,
N. LoBiondo (all AlixPartners) to discuss loan transfer activities and transfer costs
Attend call with T. Williams, L. Francois, J. Mullaney, I. Naraine (all KServicing)
to discuss month-end accounting
Reconciliation of CRB borrower collections and account activity
Review daily cash activity reporting and forward flow payments

HOURS
0.5
0.4
1.0
1.0
0.6
0.9
0.7
0.5
2.6
0.9
0.8
0.9
1.8
0.5
1.4
0.8
0.9
2.5
0.8
0.8
1.2
0.5
0.8
0.9
1.5
0.9
0.4
0.9
0.5
1.0
0.8


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 12 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Cash / Liquidity Matters
20006554P00002.1.3

DATE
12/08/2022
12/08/2022

PROFESSIONAL
JMK
NL

12/09/2022
12/09/2022
12/09/2022

AP
AP
JN

12/09/2022

JN

12/09/2022

JN

12/09/2022
12/09/2022
12/09/2022
12/09/2022
12/09/2022

JN
JN
JN
JMK
NL

12/09/2022

NL

12/09/2022

NL

12/12/2022
12/12/2022
12/12/2022
12/12/2022
12/12/2022
12/12/2022
12/12/2022
12/12/2022
12/12/2022

AP
JN
JN
JN
JMK
JMK
JMK
NL
NL

12/13/2022
12/13/2022

AP
JN

12/13/2022
12/13/2022
12/13/2022
12/13/2022

JMK
JMK
JMK
NL

12/13/2022
12/14/2022

NL
AP

DESCRIPTION OF SERVICES
Review professional fee estimates and forecasts re cash flow model
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss cash collateral reporting updates, updated budget review,
and pro fee carve out funding updates
Develop daily cash analysis
Update professional fee tracker based on estimates received from professionals
Attend call with M. Kennedy(all Chilmark) J. Nelson, N. LoBiondo (all
AlixPartners) to discuss cash collateral budget variance analysis, PPPLF portfolio
data questions, and other diligence items
Attend call with T. Williams, I. Naraine, S. Kafiti(all KServicing) J. Nelson, N.
LoBiondo (all AlixPartners) re: Partner Bank remittance reconciliations and SBA
refund process
Call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss SBA refund updates
and cash collateral reporting
Research of data availability in response to partner bank servicing files request
Research of partner bank remittance history
Revise weekly cash collateral report for Fed
Review daily cash activity reporting and forward flow payments
Attend call with M. Kennedy(all Chilmark) J. Nelson, N. LoBiondo (all
AlixPartners) to discuss cash collateral budget variance analysis, PPPLF portfolio
data questions, and other diligence items
Attend call with T. Williams, I. Naraine, S. Kafiti(all KServicing) J. Nelson, N.
LoBiondo (all AlixPartners) re: Partner Bank remittance reconciliations and SBA
refund process
Call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss SBA refund updates
and cash collateral reporting
Develop daily cash analysis
Conduct research regarding Fed request for loan processing status
Conduct research regarding partner bank request for remittance activity analysis
Revise weekly cash flow budget variance report
Review daily cash activity, float balances and forward flow payments
Review professional fee actuals and billings re cash flow forecasting
Update canceled loan balances re: cash activity model
Review budget updates for actuals through week-ended 12/9
Update cash collateral budget for operating and non-operating expense actuals for
week-ended 12/9/22
Develop daily cash analysis
Call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss budget variance
analysis reporting and permitted variance test for week-ended 12/9/22
Outreach to professionals re fee estimates to date and fee forecasts
Reconciliation of partner bank account activity re PPP loans
Review daily cash activity, float balances and forward flow payments
Call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss budget variance
analysis reporting and permitted variance test for week-ended 12/9/22
Finalize updates to cash flow forecast for actuals through 12/9
Develop daily cash analysis

HOURS
1.4
0.9
1.6
1.8
0.5
0.4
0.4
1.1
0.6
0.9
0.7
0.5
0.4
0.4
1.1
0.7
1.1
0.8
0.6
1.4
0.8
1.5
2.6
0.9
0.5
1.0
2.3
0.5
0.5
2.1
1.5


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 13 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Cash / Liquidity Matters
20006554P00002.1.3

DATE
12/14/2022

PROFESSIONAL
DCR

12/14/2022

JN

12/14/2022

JN

12/14/2022
12/14/2022
12/14/2022

JN
JMK
NL

12/14/2022

NL

12/15/2022
12/15/2022
12/15/2022

AP
AP
JN

12/15/2022

JN

12/15/2022
12/15/2022

JN
JMK

12/15/2022
12/15/2022
12/15/2022
12/15/2022

JMK
JMK
JMK
NL

12/16/2022
12/16/2022

AP
AP

12/16/2022

JN

12/16/2022
12/16/2022
12/16/2022
12/16/2022
12/16/2022
12/16/2022
12/16/2022

JN
JN
JMK
JMK
JMK
JMK
NL

DESCRIPTION OF SERVICES
Call with D. Rieger-Paganis, J. Nelson, N. LoBiondo (all AlixPartners) to discuss
cash collateral variance report and permitted variance test for week-ended 12/9
Call with D. Rieger-Paganis, J. Nelson, N. LoBiondo (all AlixPartners) to discuss
cash collateral variance report and permitted variance test for week-ended 12/9
Call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss updates on budget
variance analysis and loan run-off bucketing
Conduct research regarding partner bank request for remittance activity analysis
Review daily cash activity, float balances and forward flow payments
Call with D. Rieger-Paganis, J. Nelson, N. LoBiondo (all AlixPartners) to discuss
cash collateral variance report and permitted variance test for week-ended 12/9
Call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss updates on budget
variance analysis and loan run-off bucketing
Develop daily cash analysis
Update to Professional fee tracking analysis based on estimates received from firms
Attend call with S. Kafiti, D. Evans(all KServicing) N. Hwangpo(all Weil) J.
Dods, T. Keefe(all Morgan Franklin) J. Nelson, J. Katsigeorgis (all AlixPartners)to
discuss loan portfolio transfer process and requirements
Attend call with M. Kennedy, J. Ellis(all Chilmark) J. Nelson, N. LoBiondo (all
AlixPartners) to discuss 12/5 Fed remittance reconciliation and updates on the loan
transfer process
Revise partner bank account activity analysis
Attend call with S. Kafiti, D. Evans(all KServicing) N. Hwangpo(all Weil) J.
Dods, T. Keefe(all Morgan Franklin) J. Nelson, J. Katsigeorgis (all AlixPartners)to
discuss loan portfolio transfer process and requirements
Prepare professional fee actuals and estimates summary re cash forecasts
Reconciliation of partner bank account activity re PPP loans
Review daily cash activity, float balances and forward flow payments
Attend call with M. Kennedy, J. Ellis(all Chilmark) J. Nelson, N. LoBiondo (all
AlixPartners) to discuss 12/5 Fed remittance reconciliation and updates on the loan
transfer process
Develop daily cash analysis
Working session with N. LoBiondo, A. Perrella (all AlixPartners) to discuss cash
balances and cash collateral reporting updates
Attend call with J. Mullaney, T. Williams, C. Bergmark(all KServicing) J. Nelson,
J. Katsigeorgis, N. LoBiondo (all AlixPartners) to discuss CRB cash transfers for
CRB remittance reconciliation
Revise partner bank account activity analysis
Revise weekly cash collateral reporting
Prepare professional fee actuals and estimates summary re cash forecasts
Review canceled loans re partner bank balances
Review daily cash activity, float balances and forward flow payments
Review transfer activity re partner bank reconciliation
Attend call with J. Mullaney, T. Williams, C. Bergmark(all KServicing) J. Nelson,
J. Katsigeorgis, N. LoBiondo (all AlixPartners) to discuss CRB cash transfers for
CRB remittance reconciliation

HOURS
0.4
0.4
0.3
2.0
0.8
0.4
0.3
0.9
2.4
1.0
0.6
0.4
1.0
1.8
1.4
0.7
0.6
1.2
1.1
0.5
0.8
0.9
1.0
0.7
0.9
1.1
0.5


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 14 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Cash / Liquidity Matters
20006554P00002.1.3

DATE
12/16/2022

PROFESSIONAL
NL

12/19/2022
12/19/2022

AP
JN

12/19/2022
12/19/2022

JN
JMK

12/19/2022
12/19/2022
12/19/2022
12/19/2022

JMK
JMK
JMK
NL

12/19/2022
12/19/2022

NL
NL

12/20/2022
12/20/2022
12/20/2022

AP
AP
JN

12/20/2022
12/20/2022
12/20/2022
12/20/2022

JN
JMK
JMK
NL

12/20/2022
12/21/2022
12/21/2022

NL
AP
JN

12/21/2022
12/21/2022
12/21/2022
12/21/2022
12/21/2022
12/21/2022
12/21/2022

JN
JN
JN
JMK
JMK
JMK
NL

12/21/2022
12/22/2022
12/22/2022
12/22/2022
12/22/2022
12/23/2022
12/23/2022

NL
AP
AP
JMK
JMK
AP
AP

DESCRIPTION OF SERVICES
Working session with N. LoBiondo, A. Perrella (all AlixPartners) to discuss cash
balances and cash collateral reporting updates
Develop daily cash analysis
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss updated loan
run-off forecast and winddown budgets
Conducted research of partner bank remittance history
Attend call with T. Keefe (Morgan Franklin), S. Kafiti, T. Williams, S. Halliburton
(KServicing) re: CRB loan reconciliation
Review daily cash activity and forward flow remittances
Review partner bank transfer activity
Roll-forward of partner bank account activity reconciliation
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss updated loan
run-off forecast and winddown budgets
Review budget updates for actuals through week-ended 12/16/22
Update cash collateral budget for operating and non-operating expense actuals for
week-ended 12/16/22
Develop daily cash analysis
Update to professional fee tracker based on estimates received by firms
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss progress on
updated loan run-off forecast and winddown budget assumptions
Research and preparation of due diligence responses to Fed inquiries
Review daily cash activity and forward flow remittances
Review professional fee estimates and forecast re cash flow forecasting
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss progress on
updated loan run-off forecast and winddown budget assumptions
Finalize updates to cash flow forecast for actuals through 12/16
Develop daily cash analysis
Attend call with M. Kennedy, J. Ellis(all Chilmark) J. Nelson, N. LoBiondo (all
AlixPartners) to discuss PPPLF claim assumptions and updated cash collateral
reporting timeline
Research and preparation of due diligence responses to Fed inquiries
Revise updated winddown budget
Revise weekly cash collateral variance report
Prepare post-petition professional fee variance summary
Review daily cash activity and forward flow remittances
Review professional fee estimates and forecast re cash flow forecasting
Attend call with M. Kennedy, J. Ellis(all Chilmark) J. Nelson, N. LoBiondo (all
AlixPartners) to discuss PPPLF claim assumptions and updated cash collateral
reporting timeline
Prepare emergence scenario analysis
Develop daily cash analysis
Update to professional fee tracker based on estimates received by firms
Review daily cash activity and forward flow remittances
Review professional fee estimates and forecast re cash flow forecasting
Develop daily cash analysis
Update to professional fee tracker based on estimates received by firms

HOURS
1.1
0.9
0.9
0.9
0.5
0.6
1.0
0.9
0.9
1.5
2.5
1.4
2.4
0.4
0.8
0.5
0.3
0.4
1.6
1.3
0.5
0.6
1.8
0.5
1.1
0.8
0.8
0.5
2.1
1.2
1.4
0.5
0.5
1.4
1.9


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 15 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Cash / Liquidity Matters
20006554P00002.1.3

DATE
12/23/2022
12/23/2022
12/23/2022
12/27/2022
12/27/2022
12/27/2022
12/27/2022
12/27/2022
12/27/2022

PROFESSIONAL
JN
JMK
JMK
AP
JN
JMK
JMK
JMK
NL

12/28/2022
AP
12/28/2022
AP
12/28/2022
JMK
12/28/2022
JMK
12/28/2022
NL
12/29/2022
AP
12/29/2022
AP
12/29/2022
AP
12/29/2022
JMK
12/29/2022
JMK
12/29/2022
JMK
12/30/2022
JMK
12/30/2022
JMK
12/30/2022
JMK
Total Professional Hours

DESCRIPTION OF SERVICES
Revise weekly cash collateral reporting for Fed
Prepare post-petition professional fee variance summary
Review daily cash activity and forward flow remittances
Develop daily cash analysis
Revise weekly cash collateral reporting for Fed
Review daily cash and forward flows
Review professional fee tracking and preparation of reporting
Roll-forward of CRB account activity reconciliation
Update cash collateral budget for operating and non-operating expense actuals for
week-ended 12/23/22
Develop daily cash analysis
Update professional fee tracker with estimates received from Professionals
Review daily cash and forward flows
Review professional fee tracking and preparation of reporting
Finalize updates to cash flow forecast for actuals through 12/23
Develop daily cash analysis
Review outstanding diligence requests from Federal Reserve
Update professional fee tracker with estimates received from Professionals
Review daily cash and forward flows
Review professional fee tracking and preparation of reporting
Roll-forward of CRB account activity reconciliation
Review daily cash and forward flows
Review float balances and assumptions re daily cash activity
Review professional fee tracking and preparation of reporting

HOURS
0.6
0.7
0.8
1.3
0.6
0.5
0.8
1.0
2.5
1.4
1.2
0.5
1.1
2.1
1.4
0.4
1.1
0.7
1.0
0.6
0.5
0.9
0.7
177.4


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 16 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:
PROFESSIONAL
Deborah Rieger-Paganis
James Nelson
John M Katsigeorgis
Anthony Perrella
Nicholas LoBiondo
Total Professional Hours and Fees

Cash / Liquidity Matters
20006554P00002.1.3
RATE
$1,160
$945
$795
$555
$555

HOURS
1.3
34.7
55.7
48.7
37.0
177.4

$

$

FEES
1,508.00
32,791.50
44,281.50
27,028.50
20,535.00
126,144.50


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 17 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

U.S. Trustee / Court Reporting Requirements
20006554P00002.1.5

DATE
12/01/2022
12/01/2022
12/01/2022

PROFESSIONAL
AP
AP
DCR

12/01/2022
12/01/2022

DCR
DCR

12/01/2022

JN

12/01/2022

JN

12/01/2022
12/01/2022
12/01/2022

JMK
JMK
JMK

12/01/2022
12/01/2022

NL
NL

12/01/2022
12/02/2022
12/02/2022

TBT
AP
AP

12/02/2022

AP

12/02/2022
12/02/2022

AP
JMK

12/02/2022
12/02/2022
12/02/2022

JMK
JMK
JMK

12/02/2022

NL

12/02/2022
12/02/2022

NL
NL

DESCRIPTION OF SERVICES
Assist KServicing finance team with bi-weekly fed report on defaulted loans
Update reconciliation of borrower payments for cash collateral reporting
Attend Board call with C. Arthur, N. Hwangpo, C. Bentley (all Weil) Z. Shapiro
(all RLF) D. Kurzweil (all GT) L. Milner, H. Loiseau, D. Walker, M. Sullivan, S.
Kafiti, E. Hartz, R. Gregg, L. Taylor (all KServicing ) D. Rieger-Paganis, J. Nelson
(all AlixPartners)
Review loan data and claims estimation for updated disclosure statement
Call with C. Arthur, N. Hwangpo, C. Bentley E. Ruocco (all Weil) L. Milner, S.
Kafiti, M. Sullivan, H. Loiseau (all KServicing ) D. Rieger-Paganis, J. Nelson (all
AlixPartners) to discuss CUBI update, congressional subcommittee report,
stakeholders discussions, and hearing schedule
Attend Board call with C. Arthur, N. Hwangpo, C. Bentley (all Weil) Z. Shapiro
(all RLF) D. Kurzweil (all GT) L. Milner, H. Loiseau, D. Walker, M. Sullivan, S.
Kafiti, E. Hartz, R. Gregg, L. Taylor (all KServicing ) D. Rieger-Paganis, J. Nelson
(all AlixPartners)
Call with C. Arthur, N. Hwangpo, C. Bentley E. Ruocco (all Weil) L. Milner, S.
Kafiti, M. Sullivan, H. Loiseau (all KServicing ) D. Rieger-Paganis, J. Nelson (all
AlixPartners) to discuss CUBI update, congressional subcommittee report,
stakeholders discussions, and hearing schedule
Prepare alternative scenario exhibit outputs re theoretical liquidation analysis
Prepare updated cash flow assumptions re theoretical liquidation analysis
Update claims waterfall and review of priority and administrative claims re:
liquidation analysis
Continue to prepare updated cash collateral budget
Prepare and review cash balances and cash collateral report for week-ended
11/25/22
Call with T. Williams (KServicing) re: various reporting
Assist KServicing finance team with bi-weekly fed report on defaulted loans
Attend call with M. Sullivan, T. Williams, J. Mullaney, S. Haliburton (all
KServicing) T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss claims, loan reconciliations and cash collateral reporting
Call with T. Williams (all KServicing) T. Thoroddsen, A. Perrella (all
AlixPartners) discussing financials, restitution check and personal property tax
Update reconciliation of borrower payments for cash collateral reporting
Attend call with M. Sullivan, T. Williams, J. Mullaney, S. Haliburton (all
KServicing) T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss claims, loan reconciliations and cash collateral reporting
Prepare alternative scenario exhibit outputs re theoretical liquidation analysis
Prepare updated cash flow assumptions re theoretical liquidation analysis
Update claims waterfall and review of priority and administrative claims re:
liquidation analysis
Attend call with M. Sullivan, T. Williams, J. Mullaney, S. Haliburton (all
KServicing) T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss claims, loan reconciliations and cash collateral reporting
Finalize cash balances and cash collateral report for week-ended 11/25/22
Finalize updated operating expenses forecast for cash collateral budget

HOURS
1.8
2.1
0.6

0.4
0.7

0.6

0.7

1.0
1.3
1.0
2.8
2.5
0.1
0.4
0.5
0.3
2.2
0.5
0.7
0.8
0.9
0.5
1.1
2.8


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 18 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

U.S. Trustee / Court Reporting Requirements
20006554P00002.1.5

DATE
12/02/2022
12/02/2022

PROFESSIONAL
NL
TBT

12/02/2022

TBT

12/02/2022

TBT

12/02/2022
12/02/2022

TBT
TBT

12/02/2022
12/02/2022
12/05/2022

TBT
TBT
AP

12/05/2022

AP

12/05/2022

AP

12/05/2022
12/05/2022

AP
JN

12/05/2022

JN

12/05/2022

JMK

12/05/2022
12/05/2022
12/05/2022
12/05/2022
12/05/2022

JMK
JMK
JMK
JMK
NL

12/05/2022

NL

12/05/2022

TBT

12/05/2022

TBT

12/05/2022

TBT

DESCRIPTION OF SERVICES
Prepare updated cash collateral budget presentation and summary of changes
Attend call with M. Sullivan, T. Williams, J. Mullaney, S. Haliburton (all
KServicing) T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss claims, loan reconciliations and cash collateral reporting
Call with T. Williams (all KServicing) T. Thoroddsen, A. Perrella (all
AlixPartners) discussing financials, restitution check and personal property tax
Review declaration and disclosure statement of David A. Brown on behalf of
Alston & Bird LLP
Review declaration and disclosure statement of Thomas E. Austin JR., LLC
Review declaration and disclosure statement of Thomasita L. Sherer on behalf of
Dentons US LLP
Review order approving non-executive KERP
Summarize status of Ordinary Course Professionals
Attend call with S. Malladi, S. Haliburton(all KServicing) J. Nelson, N. LoBiondo,
A. Perrella (all AlixPartners) to discuss PPPLF Loan Report reconciliation
Attend call with T. Williams, S. Haliburton(all KServicing) J. Nelson, T.
Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
PPPLF Loan Report, Cash Collateral Reporting, and other diligence items
Attend call with T. Williams (all KServicing) T. Thoroddsen, A. Perrella (all
AlixPartners) to discuss post-petition payments and November MOR
Update reconciliation of interest on PPPLF loans
Attend call with S. Malladi, S. Haliburton(all KServicing) J. Nelson, N. LoBiondo,
A. Perrella (all AlixPartners) to discuss PPPLF Loan Report reconciliation
Attend call with T. Williams, S. Haliburton(all KServicing) J. Nelson, T.
Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
PPPLF Loan Report, Cash Collateral Reporting, and other diligence items
Attend call with T. Williams, S. Haliburton(all KServicing) J. Nelson, T.
Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
PPPLF Loan Report, Cash Collateral Reporting, and other diligence items
Update alternative servicing cost analysis re theoretical liquidation analysis
Update detailed assumptions notes re theoretical liquidation analysis
Update loan transfer cost analysis re theoretical liquidation analysis
Prepare disclosure statement notes and exhibits re theoretical liquidation analysis
Attend call with S. Malladi, S. Haliburton(all KServicing) J. Nelson, N. LoBiondo,
A. Perrella (all AlixPartners) to discuss PPPLF Loan Report reconciliation
Attend call with T. Williams, S. Haliburton(all KServicing) J. Nelson, T.
Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
PPPLF Loan Report, Cash Collateral Reporting, and other diligence items
Attend call with T. Williams, S. Haliburton(all KServicing) J. Nelson, T.
Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners) (partial)
to discuss PPPLF Loan Report, Cash Collateral Reporting, and other diligence
items
Attend call with T. Williams (all KServicing) T. Thoroddsen, A. Perrella (all
AlixPartners) to discuss post-petition payments and November MOR
Review additional comments from T. Williams (KServicing) re: personal property
tax returns

HOURS
1.5
0.5
0.3
0.2
0.2
0.2
0.1
0.3
0.4
0.6
0.3
2.1
0.4
0.6
0.6
1.4
1.0
1.3
1.0
0.4
0.6
0.4

0.3
0.1


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 19 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

U.S. Trustee / Court Reporting Requirements
20006554P00002.1.5

DATE
12/05/2022

PROFESSIONAL
TBT

12/05/2022

TBT

12/05/2022
12/06/2022
12/06/2022
12/06/2022

TBT
AP
AP
NL

12/06/2022

NL

12/06/2022
12/07/2022

TBT
AP

12/07/2022
12/07/2022

AP
DCR

12/07/2022

DCR

12/07/2022

JN

12/07/2022

JN

12/07/2022

JN

12/07/2022

JMK

12/07/2022

NL

12/07/2022

NL

12/07/2022

NL

DESCRIPTION OF SERVICES
Review declaration and disclosure statement of Karen Crittenden on behalf of
Windham Brannon LLC
Review personal property tax return from T. Williams (KServicing) for 2021 and
2022
Email to L. Milner, T. Williams (both KServicing) re: personal property tax returns
Update loan category analysis data set to be shared with Federal Reserve's advisors
Update reconciliation of borrower payments for cash collateral reporting
Perform permitted variance test for cash collateral budget reporting and document
variances
Prepare cash flow variance analysis and cash collateral budget variance report for
week-ending 12/2
Review updates from T. Williams (KServicing) re: personal property tax returns
Attend call with T. Williams, J. Mullaney, S. Haliburton(all KServicing) D. RiegerPaganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss cash collateral reporting updates, AP payment approvals,
November MOR, and other diligence items
Update reconciliation of borrower payments for cash collateral reporting
Attend call with T. Williams, J. Mullaney, S. Haliburton(all KServicing) D. RiegerPaganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss cash collateral reporting updates, AP payment approvals,
November MOR, and other diligence items
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo (all AlixPartners) to
review cash collateral budget variance analysis and permitted variance test for
week-ended 12/2/22
Attend call with T. Williams, J. Mullaney, S. Haliburton(all KServicing) D. RiegerPaganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss cash collateral reporting updates, AP payment approvals,
November MOR, and other diligence items
Attend call with N. Hwangpo, C. Bentley, E. Ruocco (all Weil) to discuss
Disclosure Statement comments from stakeholders and loan transfer process
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo (all AlixPartners) to
review cash collateral budget variance analysis and permitted variance test for
week-ended 12/2/22
Attend call with T. Williams, J. Mullaney, S. Haliburton(all KServicing) D. RiegerPaganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss cash collateral reporting updates, AP payment approvals,
November MOR, and other diligence items
Attend call with T. Williams, J. Mullaney, S. Haliburton(all KServicing) D. RiegerPaganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss cash collateral reporting updates, AP payment approvals,
November MOR, and other diligence items
Attend call with D. Rieger-Paganis, J. Nelson, N. LoBiondo (all AlixPartners) to
review cash collateral budget variance analysis and permitted variance test for
week-ended 12/2/22
Finalize cash flow variance analysis and cash collateral budget variance report for
week-ending 12/2

HOURS
0.2
0.2
0.1
2.1
2.1
2.5
2.5
0.1
0.5

2.4
0.5

0.5
0.5

0.3
0.5
0.5

0.5

0.5
2.5


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 20 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

U.S. Trustee / Court Reporting Requirements
20006554P00002.1.5

DATE
12/07/2022
12/07/2022
12/07/2022

PROFESSIONAL
NL
NL
TBT

12/07/2022
12/07/2022

TBT
TBT

12/08/2022
12/08/2022
12/08/2022
12/08/2022

AP
AP
AP
DCR

12/08/2022

JN

12/08/2022
12/08/2022
12/08/2022
12/08/2022

JMK
JMK
NL
NL

12/08/2022
12/09/2022

NL
AP

12/09/2022

AP

12/09/2022
12/09/2022
12/09/2022

AP
AP
JN

12/09/2022

JMK

12/09/2022

JMK

12/09/2022
12/09/2022
12/09/2022

JMK
JMK
JMK

12/09/2022

JMK

DESCRIPTION OF SERVICES
Respond to follow-up inquiries on Fed remittance report for week-ended 11/25
Update cash collateral remittance report for week-ended 11/25
Attend call with T. Williams, J. Mullaney, S. Haliburton(all KServicing) D. RiegerPaganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss cash collateral reporting updates, AP payment approvals,
November MOR, and other diligence items
Review correspondence from N. Hwangpo (Weil) re: MOR
Email to N. Hwangpo (Weil), Z. Shapiro (RLF) re: professional carve out account
for MOR
Finalize cash collateral reporting of PPPLF loans to be circulated to advisors
Update reconciliation of borrower payments for cash collateral reporting
Update reconciliation of interest on PPPLF loans
Attend call with C. Arthur, N. Hwangpo, C. Bentley (all Weil) H. Loiseau, S.
Kafiti (all KServicing) Z. Shapiro (all RLF) D. Rieger-Paganis, J. Nelson (all
AlixPartners) to discuss CUBI dispute, CRB bank requests, and proposed Plan
Attend call with C. Arthur, N. Hwangpo, C. Bentley (all Weil) H. Loiseau, S.
Kafiti (all KServicing) Z. Shapiro (all RLF) D. Rieger-Paganis, J. Nelson (all
AlixPartners) to discuss CUBI dispute, CRB bank requests, and proposed Plan
Update GUC claims and recoveries re theoretical liquidation analysis
Update reserve bank claims and recoveries re theoretical liquidation analysis
Prepare cash balances and cash collateral reporting for week-ended 12/2
Research and respond to follow-up questions on PPPLF portfolio data from Fed
advisors
Review and finalize Fed remittance report for week-ended 12/2
Attend call with T. Williams, J. Mullaney, S. Haliburton (all KServicing) T.
Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
KERP Payment timing, loan reconciliations and MOR
Attend call with N. LoBiondo, A. Perrella (all AlixPartners) to discuss status of
cash balances and cash collateral reporting
Update loan category analysis data set to be shared with Federal Reserve's advisors
Update cash balance reconciliation analysis for reporting to the Federal Reserve
Call with C. Bentley(all Weil) Z. Shapiro(all RLF) J. Nelson, J. Katsigeorgis (all
AlixPartners) re: CRB data requests and account reconciliation, status of MOR,
and liquidation analysis
Call with C. Bentley(all Weil) Z. Shapiro(all RLF) J. Nelson, J. Katsigeorgis (all
AlixPartners) re: CRB data requests and account reconciliation, status of MOR,
and liquidation analysis
Attend call with T. Williams, J. Mullaney, S. Haliburton (all KServicing) T.
Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
KERP Payment timing, loan reconciliations and MOR
Update latest cash flow forecasts re theoretical liquidation analysis
Update administrative claims and recoveries re theoretical liquidation analysis
Update priority and unsecured tax claims and recoveries re theoretical liquidation
analysis
Prepare disclosure statement notes and exhibits re theoretical liquidation analysis

HOURS
1.2
1.1
0.5

0.1
0.1
1.7
2.1
2.4
1.0
1.0
2.2
2.0
2.5
1.3
2.8
0.6
0.8
0.6
2.4
0.4
0.4
0.6
1.8
1.2
1.0
2.1


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 21 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

U.S. Trustee / Court Reporting Requirements
20006554P00002.1.5

DATE
12/09/2022

PROFESSIONAL
NL

12/09/2022

NL

12/09/2022

NL

12/09/2022

NL

12/09/2022

TBT

12/09/2022
12/09/2022
12/09/2022

TBT
TBT
TBT

12/09/2022

TBT

12/09/2022

TBT

12/12/2022

AP

12/12/2022

AP

12/12/2022
12/12/2022

AP
AP

12/12/2022

DCR

12/12/2022

DCR

12/12/2022

JN

12/12/2022

JMK

12/12/2022

NL

12/12/2022

TBT

DESCRIPTION OF SERVICES
Attend call with T. Williams, J. Mullaney, S. Haliburton (all KServicing) T.
Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
KERP Payment timing, loan reconciliations and MOR
Attend call with N. LoBiondo, A. Perrella (all AlixPartners) to discuss status of
cash balances and cash collateral reporting
Respond to follow-up inquiries on permitted variance test and budget variance
analysis
Review and finalize cash balances and cash collateral reporting for week-ended
12/2
Attend call with T. Williams, J. Mullaney, S. Haliburton (all KServicing) T.
Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners) to discuss
KERP Payment timing, loan reconciliations and MOR
Respond to N. Hwangpo (Weil) re: certain shareholder information
Review additional information regarding unencumbered cash for MOR reporting
Review correspondence from S. Kafiti (KServicing) re: shareholder information
requested
Email to S. Moss, S. Kafiti (both KServicing) re: Softbank's holdings as requested
by J. Paul (Omni)
Telephone call with S. Moss (KServicing) re: certain shareholder information
request
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners) to
discuss November MOR and claims process
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) D. RiegerPaganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss remittance reports, November MOR and claims process
Develop formatted cash flow for filing in November MOR
Develop outstanding loan table with forgiveness and guaranty purchased amounts
as of November 30
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners) to
discuss November MOR and claims process
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) D. RiegerPaganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss remittance reports, November MOR and claims process
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) D. RiegerPaganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss remittance reports, November MOR and claims process
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) D. RiegerPaganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss remittance reports, November MOR and claims process
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) D. RiegerPaganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss remittance reports, November MOR and claims process
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners) to
discuss November MOR and claims process

HOURS
0.6
0.8
1.1
2.5
0.6
0.1
0.2
0.1
0.1
0.1
0.4
0.5
2.1
1.8
0.4
0.5
0.5
0.5
0.5
0.4


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 22 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

U.S. Trustee / Court Reporting Requirements
20006554P00002.1.5

DATE
12/12/2022

PROFESSIONAL
TBT

12/12/2022
12/12/2022
12/12/2022
12/13/2022

TBT
TBT
TBT
AP

12/13/2022
12/13/2022
12/13/2022

AP
AP
NL

12/13/2022

NL

12/14/2022

AP

12/14/2022

AP

12/14/2022
12/14/2022
12/14/2022
12/14/2022

AP
AP
AP
AP

12/14/2022

DCR

12/14/2022

JN

12/14/2022

JMK

12/14/2022

NL

12/14/2022

NL

12/14/2022

NL

12/14/2022

NL

DESCRIPTION OF SERVICES
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) D. RiegerPaganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo, A. Perrella (all
AlixPartners) to discuss remittance reports, November MOR and claims process
Respond to L. Milner (KServicing) re: personal property tax filings
Review correspondence from A. Holden (Marsh) re: cyber insurance endorsement
Review outstanding AP and accrued expenses for November financials
Adjustments to monthly cash flow for November MOR based on comments from
company finance team
Develop analysis of PPPLF cash collateral report based on weekly payments
Develop weekly analysis of Federal Reserve loan remittances
Prepare cash flow variance analysis and cash collateral budget variance report for
week-ending 12/9
Prepare permitted variance test for cash collateral budget reporting and document
variances
Adjustments to cash collateral reporting based on comments from company finance
team
Attend call with S. Kafiti, J. Mullaney, T. Williams, S. Haliburton (all KServicing)
D. Rieger-Paganis (partial), J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss November MOR, Balance Sheet
reconciliations and loan reconciliations
Review bi-weekly default loan list to be sent to Federal Reserve
Review November Balance Sheet to be filed in November MOR
Review November Profit and Loss statement to be filed in November MOR
Working session with T. Thoroddsen, A. Perrella (all AlixPartners) reviewing cash
flow for November MOR
Attend call with S. Kafiti, J. Mullaney, T. Williams, S. Haliburton (all KServicing)
D. Rieger-Paganis (partial), J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss November MOR, Balance Sheet
reconciliations and loan reconciliations
Attend call with S. Kafiti, J. Mullaney, T. Williams, S. Haliburton (all KServicing)
D. Rieger-Paganis (partial), J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss November MOR, Balance Sheet
reconciliations and loan reconciliations
Attend call with S. Kafiti, J. Mullaney, T. Williams, S. Haliburton (all KServicing)
D. Rieger-Paganis (partial), J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss November MOR, Balance Sheet
reconciliations and loan reconciliations
Attend call with S. Kafiti, J. Mullaney, T. Williams, S. Haliburton (all KServicing)
D. Rieger-Paganis (partial), J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss November MOR, Balance Sheet
reconciliations and loan reconciliations
Finalize cash flow variance analysis and cash collateral budget variance report for
week-ending 12/9
Respond to follow-up questions from Chilmark re Fed remittance report for weekended 12/2
Review and update cash collateral remittance report for week-ended 12/9

HOURS
0.5
0.1
0.1
0.4
0.9
1.8
2.4
2.7
2.8
2.2
0.9

1.9
0.7
0.8
0.2
0.5

0.9

0.9

0.9

2.8
0.5
2.6


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 23 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

U.S. Trustee / Court Reporting Requirements
20006554P00002.1.5

DATE
12/14/2022

PROFESSIONAL
TBT

12/14/2022
12/14/2022
12/14/2022

TBT
TBT
TBT

12/15/2022

AP

12/15/2022

AP

12/15/2022

AP

12/15/2022
12/15/2022

AP
AP

12/15/2022

DCR

12/15/2022

DCR

12/15/2022

JN

12/15/2022

JN

12/15/2022

NL

12/15/2022

NL

12/15/2022
12/15/2022

NL
NL

12/15/2022

TBT

12/15/2022
12/15/2022
12/15/2022
12/15/2022

TBT
TBT
TBT
TBT

DESCRIPTION OF SERVICES
Attend call with S. Kafiti, J. Mullaney, T. Williams, S. Haliburton (all KServicing)
D. Rieger-Paganis (partial), J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo, A. Perrella (all AlixPartners) to discuss November MOR, Balance Sheet
reconciliations and loan reconciliations
Review November's cash flow for MOR
Review updated financials from T. Williams (KServicing) for November MOR
Working session with T. Thoroddsen, A. Perrella (all AlixPartners) reviewing cash
flow for November MOR
Adjustments to cash collateral reporting to be finalized and shared with Federal
Reserve advisors
Attend call with T. Williams, I. Naraine (all KServicing) T. Thoroddsen, A.
Perrella (all AlixPartners) re: November MOR
Attend call with N. LoBiondo, A. Perrella (all AlixPartners) to discuss cash
collateral reporting updates for week-ended 12/9
Review reduction report re: confirmation of cash collateral reporting
Telephone call with T. Thoroddsen, A. Perrella (all AlixPartners) re: November
MOR
Attend weekly Board call to discuss case updates with L. Milner, H. Loiseau, S.
Kafiti, E. Hartz, R. Gregg, L. Taylor (all KServicing) C. Arthur, N. Hwangpo, C.
Bentley, T. Tsekerides (all Weil) D. Kurzweil (Greenberg Traurig) Z. Shapiro
(RLF) D. Rieger-Paganis, J. Nelson (all AlixPartners) to discuss case updates
Attend call with L. Milner, H. Loiseau, D. Walker, S. Kafiti (all KServicing) C.
Arthur, N. Hwangpo, C. Bentley(all Weil) Z. Shapiro (all RLF) D. Rieger-Paganis,
J. Nelson (all AlixPartners) to discuss partner bank data requests, claims, and Plan
development
Attend weekly Board call to discuss case updates with L. Milner, H. Loiseau, S.
Kafiti, E. Hartz, R. Gregg, L. Taylor (all KServicing) C. Arthur, N. Hwangpo, C.
Bentley, T. Tsekerides (all Weil) D. Kurzweil (Greenberg Traurig) Z. Shapiro
(RLF) D. Rieger-Paganis, J. Nelson (all AlixPartners) to discuss case updates
Attend call with L. Milner, H. Loiseau, D. Walker, S. Kafiti (all KServicing) C.
Arthur, N. Hwangpo, C. Bentley(all Weil) Z. Shapiro (all RLF) D. Rieger-Paganis,
J. Nelson (all AlixPartners) to discuss partner bank data requests, claims, and Plan
development
Attend call with J. Mullaney (all KServicing) to discuss reconciling items for Fed
remittance report for the week-ended 12/9
Attend call with N. LoBiondo, A. Perrella (all AlixPartners) to discuss cash
collateral reporting updates for week-ended 12/9
Review and finalize Fed remittance report for week-ended 12/9
Review and update cash balances and cash collateral reporting for week-ended
12/9
Attend call with T. Williams, I. Naraine (all KServicing) T. Thoroddsen, A.
Perrella (all AlixPartners) re: November MOR
Review confirmation from E. Ruocco (Weil) re: signatory for November MOR
Review correspondence from T. Williams (KServicing) re: cash activity
Review updated financials for November MOR
Email to E. Ruocco (Weil) re: global notes for November MOR

HOURS
0.9

0.5
0.4
0.2
1.6
0.2
0.4
0.6
0.1
1.5

1.0

1.5

1.0

0.3
0.4
2.6
2.2
0.2
0.1
0.1
0.5
0.1


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 24 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

U.S. Trustee / Court Reporting Requirements
20006554P00002.1.5

DATE
12/15/2022
12/15/2022

PROFESSIONAL
TBT
TBT

12/15/2022
12/16/2022

TBT
AP

12/16/2022

AP

12/16/2022
12/16/2022
12/16/2022
12/16/2022

AP
AP
DCR
DCR

12/16/2022

JN

12/16/2022

JMK

12/16/2022

JMK

12/16/2022

JMK

12/16/2022

NL

12/16/2022

TBT

12/16/2022

TBT

12/16/2022

TBT

12/16/2022
12/16/2022
12/16/2022
12/16/2022

TBT
TBT
TBT
TBT

12/16/2022

TBT

12/16/2022
12/16/2022

TBT
TBT

12/16/2022

TBT

DESCRIPTION OF SERVICES
Email to E. Ruocco (Weil) re: signature for MOR
Telephone call with T. Thoroddsen, A. Perrella (all AlixPartners) re: November
MOR
Update global notes for November MOR
Call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) T. Thoroddsen,
J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners) to discuss November
MOR, professional fee payment timing and cash collateral reporting
Develop cash collateral cash balance report to be shared with Federal Reserve
advisors
Develop MOR drafts to be shared with advisors and company finance team
Develop weekly analysis of Federal Reserve loan remittances
Review disclosure statement.
Attend call with N. Hwangpo, C. Bentley, E. Ruocco (all Weil) Z. Shapiro (RLF)
D. Rieger-Paganis, J. Nelson (all AlixPartners) to discuss partner bank requests,
claims, and loan transfer options
Attend call with N. Hwangpo, C. Bentley, E. Ruocco (all Weil) Z. Shapiro (RLF)
D. Rieger-Paganis, J. Nelson (all AlixPartners) to discuss partner bank requests,
claims, and loan transfer options
Attend call with C. Bentley, E. Ruocco(all Weil) T. Thoroddsen, J. Katsigeorgis
(all AlixPartners) to discuss GUC schedule and assumptions re disclosure
Call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) T. Thoroddsen,
J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners) to discuss November
MOR, professional fee payment timing and cash collateral reporting
Follow-up call with T. Thoroddsen, J. Katsigeorgis (all AlixPartners) to discuss
outstanding questions and assumptions re GUC schedule
Call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) T. Thoroddsen,
J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners) to discuss November
MOR, professional fee payment timing and cash collateral reporting
Attend call with C. Bentley, E. Ruocco(all Weil) T. Thoroddsen, J. Katsigeorgis
(all AlixPartners) to discuss GUC schedule and assumptions re disclosure
Call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) T. Thoroddsen,
J. Katsigeorgis, N. LoBiondo, A. Perrella (all AlixPartners) to discuss November
MOR, professional fee payment timing and cash collateral reporting
Follow-up call with T. Thoroddsen, J. Katsigeorgis (all AlixPartners) to discuss
outstanding questions and assumptions re GUC schedule
Final review of November MOR
Finalize global notes for November MOR
Review comments from E. Ruocco (Weil) re: November global notes
Send correspondence E. Ruocco, N. Hwangpo (both Weil), Z. Shapiro (RLF) and
others re: November MOR for final review
Email to D. Rieger-Paganis (AlixPartners) re: current collections for certain
collection agencies
Email to E. Ruocco (Weil) re: October MOR Pdfs as requested
Send follow-up correspondence to E. Ruocco (Weil) re: global notes for November
MOR
Send follow-up to C. Bentley (Weil) re: 401k termination

HOURS
0.1
0.1
0.4
0.5
2.2
1.6
1.9
1.3
0.5
0.5
1.0
0.5
0.5
0.5
1.0
0.5
0.5
0.5
0.3
0.1
0.1
0.1
0.1
0.1
0.1


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 25 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

U.S. Trustee / Court Reporting Requirements
20006554P00002.1.5

DATE
12/17/2022

PROFESSIONAL
TBT

12/18/2022

TBT

12/18/2022

TBT

12/19/2022

AP

12/19/2022
12/19/2022
12/19/2022

AP
AP
DCR

12/19/2022

JN

12/19/2022
12/19/2022
12/19/2022

JN
JN
JMK

12/19/2022

NL

12/19/2022

NL

12/19/2022

TBT

12/19/2022
12/19/2022
12/19/2022
12/19/2022
12/20/2022
12/20/2022
12/20/2022

TBT
TBT
TBT
TBT
AP
AP
JN

DESCRIPTION OF SERVICES
Email to Z. Shapiro (RLF) re: cyber insurance endorsement to add US trustee as
noticing party
Review summary of proofs of claims filed for borrowers that have filed for
bankruptcy
Send follow-up questions to S. Ross, P. Green (both KServicing) re: borrower
bankruptcy claims process
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) T.
Tsekerides (all Weil) D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis,
N. LoBiondo, A. Perrella (all AlixPartners) to discuss cash accounts and
collections related to partner bank accounts and November MOR
Develop analysis of PPPLF cash collateral report based on weekly payments
Develop weekly analysis of Federal Reserve loan remittances
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) T.
Tsekerides (all Weil) D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis,
N. LoBiondo, A. Perrella (all AlixPartners) to discuss cash accounts and
collections related to partner bank accounts and November MOR
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) T.
Tsekerides (all Weil) D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis,
N. LoBiondo, A. Perrella (all AlixPartners) to discuss cash accounts and
collections related to partner bank accounts and November MOR
Attend call with C. Bentley (Weil) re: loan transfer activities
Attend call with S. Kafiti (KServicing) re: loan transfer task force
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) T.
Tsekerides (all Weil) D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis,
N. LoBiondo, A. Perrella (all AlixPartners) to discuss cash accounts and
collections related to partner bank accounts and November MOR
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) T.
Tsekerides (all Weil) D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis,
N. LoBiondo, A. Perrella (all AlixPartners) to discuss cash accounts and
collections related to partner bank accounts and November MOR
Prepare cash collateral budget variance report and permitted variance test for week
ended 12/16
Attend call with J. Mullaney, T. Williams, S. Haliburton (all KServicing) T.
Tsekerides (all Weil) D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis,
N. LoBiondo, A. Perrella (all AlixPartners) to discuss cash accounts and
collections related to partner bank accounts and November MOR
Respond to T. Williams (KServicing) re: 401k plan
Review information from T. Williams (KServicing) re: referral fees from
Email to L. Milner, S. Kafiti, H. Loiseau (all KServicing) re: November MOR
Email to Z. Shapiro (RLF) re: OCP payment timing
Develop weekly analysis of Federal Reserve loan remittances
Review reduction report re: confirmation of cash collateral reporting
Attend call with Z. Shapiro, A. Steele(all RLF) C. Arthur, N. Hwangpo, C.
Bentley, E. Ruocco(all Weil) D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J.
Katsigeorgis, N. LoBiondo (all AlixPartners) to discuss liquidation analysis and
GUC buildup for disclosure statement

HOURS
0.1
0.2
0.1
1.1

1.8
2.4
1.1

1.1

0.2
0.8
1.1

1.1

2.1
1.1

0.1
0.2
0.1
0.1
1.9
1.8
1.5


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 26 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

U.S. Trustee / Court Reporting Requirements
20006554P00002.1.5

DATE
12/20/2022
12/20/2022
12/20/2022

PROFESSIONAL
JN
JN
NL

12/20/2022
12/20/2022
12/20/2022
12/20/2022

TBT
TBT
TBT
TBT

12/20/2022

TBT

12/20/2022
12/20/2022

TBT
TBT

12/20/2022
12/21/2022

TBT
AP

12/21/2022

AP

12/21/2022
12/21/2022
12/21/2022
12/21/2022

AP
AP
AP
JMK

12/21/2022
12/21/2022

NL
TBT

12/21/2022

TBT

12/21/2022

TBT

12/21/2022
12/21/2022
12/21/2022

TBT
TBT
TBT

12/21/2022

TBT

12/21/2022
12/21/2022
12/21/2022
12/22/2022

TBT
TBT
TBT
AP

DESCRIPTION OF SERVICES
Attend call with C. Arthur (Weil) re: loan transfer activities
Attend call with S. Kafiti (KServicing) re: loan transfer task force
Update and finalize cash flow variance analysis and cash collateral budget variance
report for week-ending 12/16
Respond to follow-up questions from E. Ruocco (Weil) re: assets for other debtors
Review correspondence from A. Suarez (Weil) re: 401k plan
Review correspondence from J. McMillan (Weil) re: equity holders
Review correspondence from S. Kafiti (KServicing) re: process for recoveries for
PPP bankruptcy claims
Review correspondence from S. Moss (KServicing) re: equity holder information
requested by J. McMillan (Weil)
Review note from Z. Shapiro (RLF) re: November MOR
Email to A. Perrella (AlixPartners) re: review of certain vendor invoices for split
between pre and post petition
Email to Z. Shapiro (RLF) re: November MOR
Attend call with J. Mullaney, T. Williams (all KServicing) T. Thoroddsen, J.
Katsigeorgis, A. Perrella (all AlixPartners) to discuss November MOR and KERP
payments
Develop cash collateral cash balance report to be shared with Federal Reserve
advisors
Review questions received from Federal Reserve re: default loan list
Review reduction report re: confirmation of cash collateral reporting
Update to November MOR Global notes to finalize for filing
Attend call with J. Mullaney, T. Williams (all KServicing) T. Thoroddsen, J.
Katsigeorgis, A. Perrella (all AlixPartners) to discuss November MOR and KERP
payments
Review and update cash collateral remittance report for week-ended 12/16
Attend call with S. Margolis(all Weil) S. Kafiti, T. Williams, S. Moss (KServicing)
re: process to finalize termination of the 401K plan
Attend call with J. Mullaney, T. Williams (all KServicing) T. Thoroddsen, J.
Katsigeorgis, A. Perrella (all AlixPartners) to discuss November MOR and KERP
payments
Final review of November MOR prior to sending to T. Williams (KServicing) for
final review and approval
Finalize global notes for November MOR
Finalized footnote regarding cash on Balance Sheets for November MOR
Review additional correspondence from E. Ruocco (Weil) re: balance sheet
footnote
Review correspondence from T. Bullet (Windham Brannon) re: status of power of
attorney for Kabbage, Inc to communicate with IRS
Email to E. Ruocco (Weil) re: balance sheet footnote
Email to E. Ruocco (Weil) re: MOR global notes
Send Final MOR to T. Williams (KServicing) for approval prior to filing
Adjustments to cash collateral reporting to be finalized and shared with Federal
Reserve advisors

HOURS
0.5
0.3
2.0
0.2
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.3
2.2
1.6
0.3
2.1
0.3
2.5
0.7
0.3
0.3
0.3
0.2
0.1
0.1
0.1
0.1
0.1
1.4


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 27 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

U.S. Trustee / Court Reporting Requirements
20006554P00002.1.5

DATE
12/22/2022

PROFESSIONAL
AP

12/22/2022

AP

12/22/2022
12/22/2022

AP
NL

12/22/2022

TBT

12/22/2022
12/22/2022
12/27/2022

TBT
TBT
AP

12/27/2022

AP

12/27/2022

AP

12/27/2022
12/27/2022

AP
NL

12/27/2022

NL

12/27/2022
12/28/2022
12/28/2022

TBT
AP
NL

12/28/2022

NL

12/29/2022
12/29/2022
12/30/2022

AP
AP
JN

12/30/2022

TBT

Total Professional Hours

DESCRIPTION OF SERVICES
Attend call with N. LoBiondo, A. Perrella (all AlixPartners) to discuss cash
balances and cash collateral reporting for week-ended 12/16/22
Develop cash collateral cash balance report to be shared with Federal Reserve
advisors
Review updated cash collateral report based on comments from team members
Attend call with N. LoBiondo, A. Perrella (all AlixPartners) to discuss cash
balances and cash collateral reporting for week-ended 12/16/22
Review correspondence from S. Kafiti (KServicing) re: borrower bankruptcies and
recoveries
Review correspondence from S. Moss (KServicing) re: 401k status
Review correspondence from T. William (KServicing) re: KERP funding
Adjustments to cash collateral reporting to be finalized and shared with Federal
Reserve advisors
Attend call with N. LoBiondo, A. Perrella (all AlixPartners) to review Fed
remittance report and cash collateral reporting for week-ended 12/23/22
Develop cash collateral cash balance report to be shared with Federal Reserve
advisors
Develop weekly analysis of Federal Reserve loan remittances
Attend call with N. LoBiondo, A. Perrella (all AlixPartners) to review Fed
remittance report and cash collateral reporting for week-ended 12/23/22
Prepare cash collateral budget variance report and permitted variance test for week
ended 12/23
Email to Z. Shapiro (RLF) re: CNO for professional fees
Review updated cash collateral report based on comments from team members
Finalize cash collateral budget variance report and permitted variance test for week
ended 12/23
Review and finalize fed remittance report and cash collateral reporting for weekended 12/23
Review loan statuses to be reporting in Bi-Weekly Default loan list
Update PPPLF loan level data to be shared with Federal Reserve Advisors
Attend call with N. Hwangpo, C. Bentley, E. Ruocco (all Weil) Z. Shapiro (all
RLF) J. Nelson, T. Thoroddsen (all AlixPartners) to discuss CUBI dispute and
Liquidation Analysis
Attend call with N. Hwangpo, C. Bentley, E. Ruocco (all Weil) Z. Shapiro (all
RLF) J. Nelson, T. Thoroddsen (all AlixPartners) to discuss CUBI dispute and
Liquidation Analysis

HOURS
0.4
2.4
0.3
0.4
0.1
0.1
0.1
1.7
0.7
2.5
1.9
0.7
2.1
0.1
0.6
2.1
2.5
0.8
0.6
0.4
0.4
224.3


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 28 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:
PROFESSIONAL
Deborah Rieger-Paganis
James Nelson
Thora B Thoroddsen
John M Katsigeorgis
Anthony Perrella
Nicholas LoBiondo
Total Professional Hours and Fees

U.S. Trustee / Court Reporting Requirements
20006554P00002.1.5
RATE
$1,160
$945
$880
$795
$555
$555

HOURS
10.5
14.2
19.7
28.1
82.9
68.9
224.3

$

$

FEES
12,180.00
13,419.00
17,336.00
22,339.50
46,009.50
38,239.50
149,523.50


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 29 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

CFO Support
20006554P00002.1.6

DATE
12/12/2022
12/13/2022

PROFESSIONAL
TBT
JN

12/13/2022
12/13/2022

JN
TBT

12/13/2022
12/13/2022

TBT
TBT

12/13/2022

TBT

12/14/2022
JN
12/16/2022
JN
12/21/2022
JN
Total Professional Hours

DESCRIPTION OF SERVICES
Begin review of November financials for MOR filing
Attend call with T. Williams (KServicing) J. Nelson, T. Thoroddsen (all
AlixPartners) to review November financials
Review November monthly financial results
Attend call with T. Williams (KServicing) J. Nelson, T. Thoroddsen (all
AlixPartners) to review November financials
Review November financials as requested by T. Williams (KServicing)
Review responses from T. Williams (KServicing) to November financial review
questions
Send summary of questions and comments to T. Williams (KServicing) re:
November financials
Prepare preliminary list of loan transfer activities and resources
Revise updated professional fees actual/forecast analysis
Conducted professional fees forecast review and update

HOURS
0.6
0.8
1.9
0.8
1.5
0.1
0.2
0.6
1.2
0.7
8.4


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 30 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:
PROFESSIONAL
James Nelson
Thora B Thoroddsen
Total Professional Hours and Fees

CFO Support
20006554P00002.1.6
RATE
$945
$880

HOURS
5.2
3.2
8.4

$
$

FEES
4,914.00
2,816.00
7,730.00


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 31 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Plan & Disclosure Statement
20006554P00002.1.9

DATE
12/01/2022

PROFESSIONAL
AP

12/01/2022

DCR

12/01/2022

JN

12/01/2022

NL

12/01/2022

TBT

12/02/2022

AP

12/02/2022
12/02/2022

AP
JN

12/02/2022

JN

12/02/2022

NL

12/02/2022

NL

12/02/2022

TBT

12/02/2022
12/02/2022
12/05/2022

TBT
TBT
JN

12/05/2022
12/05/2022
12/05/2022
12/05/2022

JN
JN
JN
NL

12/05/2022
12/06/2022

TBT
DCR

12/06/2022

JN

12/06/2022

JN

12/07/2022

TBT

12/07/2022
12/08/2022
12/09/2022

TBT
TBT
NL

DESCRIPTION OF SERVICES
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners)
discussing loan data and claims estimation for updated disclosure statement
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners)
discussing loan data and claims estimation for updated disclosure statement
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss cost-per-loan
assumptions and model mechanics
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss cost-per-loan
assumptions and model mechanics
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners)
discussing loan data and claims estimation for updated disclosure statement
Call with T. Thoroddsen, A. Perrella (all AlixPartners) discussing loan data for
update disclosure statement
Update loan portfolio table as of November 30, 2022 for disclosure statement
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss cost-per-loan
assumptions and model mechanics
Attend call with L. Milner, D. Evans, S. Kafiti (all KServicing ) J. Nelson, N.
LoBiondo (all AlixPartners) to discuss cost-per-loan assumptions
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss cost-per-loan
assumptions and model mechanics
Attend call with L. Milner, D. Evans, S. Kafiti (all KServicing ) J. Nelson, N.
LoBiondo (all AlixPartners) to discuss cost-per-loan assumptions
Call with T. Thoroddsen, A. Perrella (all AlixPartners) discussing loan data for
update disclosure statement
Review loan summary data for updated disclosure statement
Review notice to continue hearing for approval of disclosure statement
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss cash
collateral remittance report reconciliation updates and cost-per-loan analysis next
Prepare summary of resource needs for post-emergence servicing
Review preliminary summary of claims registry
Review revised Chapter 11 Plan
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss cash
collateral remittance report reconciliation updates and cost-per-loan analysis next
Review correspondence from E. Ruocco (Weil) re: plan strategy discussion
Attend call with C. Arthur, N. Hwangpo, C. Bentley, E. Ruocco, J. McMillan (all
Weil), Z. Shapiro (all RLF), D. Rieger-Paganis, J. Nelson (all AlixPartners)to
discuss loan transfer process and Plan mechanics
Attend call with C. Arthur, N. Hwangpo, C. Bentley, E. Ruocco, J. McMillan (all
Weil), Z. Shapiro (all RLF), D. Rieger-Paganis, J. Nelson (all AlixPartners)to
discuss loan transfer process and Plan mechanics
Prepare additional Disclosure Statement language in response to stakeholder
requests
Review various workstreams and deadlines from E. Ruocco (Weil) re: plan and
disclosure statement
Email to E. Ruocco (Weil) re: causes of actions as requested
Review correspondence from C. Bentley (Weil) re: correspondence to the board
Update cash forecast to align with 11/30 month end for MOR reporting

HOURS
0.4
0.4
0.4
0.4
0.4
0.1
1.8
0.4
1.2
0.4
1.2
0.1
0.2
0.1
0.5
1.3
0.5
0.8
0.5
0.3
1.6
1.6
0.8
0.2
0.2
0.1
1.2


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 32 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Plan & Disclosure Statement
20006554P00002.1.9

DATE
12/09/2022
12/09/2022

PROFESSIONAL
TBT
TBT

12/09/2022
12/09/2022
12/09/2022

TBT
TBT
TBT

12/09/2022

TBT

12/09/2022

TBT

12/09/2022
12/11/2022

TBT
TBT

12/11/2022
12/11/2022
12/12/2022

TBT
TBT
AP

12/12/2022

DCR

12/12/2022

DCR

12/12/2022

JN

12/12/2022

JN

12/12/2022

JN

12/12/2022

JN

12/12/2022
12/12/2022
12/12/2022

JN
JN
JMK

12/12/2022
12/12/2022

JMK
NL

12/12/2022

NL

12/12/2022

NL

DESCRIPTION OF SERVICES
Prepare open task list for disclosure statement
Review correspondence from J. Nelson (AlixPartners) re: date for disclosure
statement snapshots
Review updated disclosure statement sent by J. McMillan (Weil)
Review updates from N. LoBiondo (AlixPartners) re: unencumbered cash
Email to A. Perrella (AlixPartners) re: updated loan analysis needed for disclosure
statement
Email to J. McMillan (Weil) re: certain requested information for disclosure
statement
Email to N. LoBiondo (AlixPartners) re: unencumbered cash for disclosure
statement
Email to S. Kafiti (KServicing) re: outstanding items for disclosure statement
Review correspondence from S. Kafiti (KServicing) re: certain validations for
disclosure statement as requested by J. McMillian (Weil)
Email to S. Kafiti (KServicing) re: additional backup for escrow funds
Update open items tracking for disclosure statement
Telephone call with T. Thoroddsen, A. Perrella (all AlixPartners) re: PPP loan
analysis for disclosure statement
Attend call with C. Arthur, N. Hwangpo, C. Bentley (all Weil) Z. Shapiro (all
RLF) L. Milner, H. Loiseau, S. Kafiti (all KServicing) D. Rieger-Paganis, J.
Nelson (all AlixPartners) to discuss claims overview, CUBI dispute, and cost-perAttend call with C. Arthur, N. Hwangpo, C. Bentley, E. Ruocco (all Weil) Z.
Shapiro (all RLF) D. Rieger-Paganis, J. Nelson (all AlixPartners) to discuss CUBI
dispute, loan transfer process, and cost-per-loan analysis
Attend call with A. Goff, J. Dods (all KServicing) J. Nelson, N. LoBiondo (all
AlixPartners) to discuss 60-month risk portfolio analysis and processing plan draft
Attend call with C. Arthur, N. Hwangpo, C. Bentley (all Weil) Z. Shapiro (all
RLF) L. Milner, H. Loiseau, S. Kafiti (all KServicing) D. Rieger-Paganis, J.
Nelson (all AlixPartners) to discuss claims overview, CUBI dispute, and cost-perAttend call with C. Arthur, N. Hwangpo, C. Bentley, E. Ruocco (all Weil) Z.
Shapiro (all RLF) D. Rieger-Paganis, J. Nelson (all AlixPartners) to discuss CUBI
dispute, loan transfer process, and cost-per-loan analysis
Call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss cost-per-loan
analysis updates and next steps
Prepare post-emergence servicing resource plan
Review loan processing forecast report from Morgan Franklin
Attend call with T. Thoroddsen, J. Katsigeorgis (all AlixPartners) to secured and
unsecured claim amounts and recoveries
Preparation assumptions backup notes re liquidation analysis
Attend call with A. Goff, J. Dods (all KServicing) J. Nelson, N. LoBiondo (all
AlixPartners) to discuss 60-month risk portfolio analysis and processing plan draft
Call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss cost-per-loan
analysis updates and next steps
Telephone call with T. Thoroddsen, N. LoBiondo (all AlixPartners) discussing
unencumbered cash for disclosure statement

HOURS
0.6
0.1
0.4
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.2
1.0
0.5
0.6
1.0
0.5
0.5
1.3
0.6
0.8
1.9
0.6
0.5
0.1


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 33 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Plan & Disclosure Statement
20006554P00002.1.9

DATE
12/12/2022

PROFESSIONAL
TBT

12/12/2022

TBT

12/12/2022
12/12/2022
12/12/2022
12/12/2022

TBT
TBT
TBT
TBT

12/12/2022
12/12/2022

TBT
TBT

12/12/2022

TBT

12/13/2022
12/13/2022
12/13/2022
12/13/2022
12/14/2022
12/14/2022
12/14/2022

JN
JMK
TBT
TBT
JN
JN
JMK

12/14/2022
12/14/2022
12/14/2022

JMK
TBT
TBT

12/15/2022

JN

12/15/2022

JN

12/15/2022
12/15/2022

JMK
NL

12/15/2022

NL

12/15/2022

NL

12/15/2022
12/15/2022
12/15/2022
12/16/2022

TBT
TBT
TBT
JN

12/16/2022
12/16/2022
12/16/2022

JMK
JMK
NL

DESCRIPTION OF SERVICES
Attend call with T. Thoroddsen, J. Katsigeorgis (all AlixPartners) to secured and
unsecured claim amounts and recoveries
Review cash flow analysis for unencumbered cash as of 11/30/2022 for disclosure
statement
Review correspondence from E. Ruocco (Weil) re: plan reserves
Review liquidation analysis from J. J. Katsigeorgis (AlixPartners)
Review loan analysis for plan & disclosure statement as of 11/30/2022
Email to J. McMillian (Weil) re: various footnotes related to cash for disclosure
statement
Start working on GUC build up for liquidation and disclosure statement
Telephone call with T. Thoroddsen, A. Perrella (all AlixPartners) re: PPP loan
analysis for disclosure statement
Telephone call with T. Thoroddsen, N. LoBiondo (all AlixPartners) discussing
unencumbered cash for disclosure statement
Prepare post-emergence servicing resource plan
Prepare GUC claims schedule re liquidation analysis
Review draft disclosure statement
Email to J. McMillian (Weil) re: claims data for disclosure statement
Prepare preliminary list of loan transfer activities and resources
Revise updated Disclosure Statement language regarding loan operations
Review and update of operating expense assumptions and build-up re liquidation
analysis
Review professional fee forecasts and audit of tracking model
Review correspondence from N. Hwangpo (Weil) re: voting deadline
Telephone call with E. Ruocco (all Weil) re: claims and voting deadlines for
disclosure statement
Call with D. Evans, J. Dods,T. Keefe(all KServicing) J. Nelson, N. LoBiondo (all
AlixPartners) to discuss updated loan run-off forecast bucketing and assumptions
Call with J. Nelson, N. LoBiondo (all AlixPartners) re: loan run-off forecast
updates
Prepare GUC claims schedule re liquidation analysis
Call with D. Evans, J. Dods,T. Keefe(all KServicing) J. Nelson, N. LoBiondo (all
AlixPartners) to discuss updated loan run-off forecast bucketing and assumptions
Call with J. Nelson, N. LoBiondo (all AlixPartners) re: loan run-off forecast
updates
Update loan run-off forecast assumptions and document loan buckets for cost-perloan analysis
Review board discussion materials
Telephone call with E. Ruocco (Weil) re: causes of actions for plan exhibit
Telephone call with K. Steverson (all Omni) re: claims and voting procedures
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss loan run-off
forecast updates
Preparation assumptions backup notes re liquidation analysis
Review GUC claims build-up re liquidation analysis
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss loan run-off
forecast updates

HOURS
0.8
0.2
0.1
0.6
0.3
0.1
1.3
0.2
0.1
1.1
1.2
0.8
0.1
1.8
1.7
2.0
0.9
0.1
0.3
0.6
0.2
0.7
0.6
0.2
2.5
0.3
0.2
0.3
0.3
1.6
0.8
0.3


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 34 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Plan & Disclosure Statement
20006554P00002.1.9

DATE
12/16/2022
12/16/2022
12/16/2022
12/16/2022
12/16/2022
12/16/2022
12/16/2022
12/17/2022
12/17/2022
12/18/2022

PROFESSIONAL
NL
NL
TBT
TBT
TBT
TBT
TBT
TBT
TBT
TBT

12/18/2022
12/18/2022
12/18/2022

TBT
TBT
TBT

12/18/2022
12/19/2022

TBT
DCR

12/19/2022

DCR

12/19/2022
12/19/2022

JN
JN

12/19/2022

JN

12/19/2022
12/19/2022
12/19/2022
12/19/2022

JN
JMK
JMK
NL

12/19/2022

TBT

12/19/2022

TBT

12/19/2022

TBT

12/19/2022
12/19/2022
12/19/2022
12/19/2022

TBT
TBT
TBT
TBT

DESCRIPTION OF SERVICES
Continue update to loan-run off forecast model and assumptions
Update loan run-off forecast assumptions for cost-per-loan analysis
Respond to J. McMillian (Weil) re: open disclosure statement items
Review correspondence from L. Castillo (Weil) re: causes of actions
Review updated disclosure statement from J. McMillian (Weil)
Start preparing a listing of potential causes of actions
Update disclosure statement tracking with latest status
Review comments from Federal Reserve to plan documents
Review Federal Reserve's comments to solicitation procedures order
Analyze priority non-tax claims for estimated range of claims for disclosure
statement
Analyze secured claims for estimated range of claims for disclosure statement
Prepare outline of buildup of GUC claims
Email to E. Ruocco, L. Castillo (both Weil), J. Nelson, D. Rieger-Paganis (both
AlixPartners) re: causes of actions
Update list of causes of actions as requested by E. Ruocco (Weil)
Attend call with N. Hwangpo, C. Bentley, E. Ruocco (all Weil) Z. Shapiro(all
RFL) D. Rieger-Paganis, J. Nelson, T. Thoroddsen (all AlixPartners) re: CUBI,
CRB, MOR and Chapter 11 Plan and Disclosure statement
Attend call with N. Hwangpo, C. Bentley, E. Ruocco (all Weil) Z. Shapiro (all
RLF) L. Milner, H. Loiseau, S. Kafiti (all KServicing ) D. Rieger-Paganis, J.
Nelson (all AlixPartners) to discuss partner bank requests and loan transfer process
Provide edits to revised Disclosure Statement
Attend call with N. Hwangpo, C. Bentley, E. Ruocco (all Weil) Z. Shapiro(all
RFL) D. Rieger-Paganis, J. Nelson, T. Thoroddsen (all AlixPartners) re: CUBI,
CRB, MOR and Chapter 11 Plan and Disclosure statement
Attend call with N. Hwangpo, C. Bentley, E. Ruocco (all Weil) Z. Shapiro (all
RLF) L. Milner, H. Loiseau, S. Kafiti (all KServicing ) D. Rieger-Paganis, J.
Nelson (all AlixPartners) to discuss partner bank requests and loan transfer process
Revise Disclosure Statement revision
Prepare claims build-up re liquidation analysis
Prepare liquidation analysis exhibits and notes re disclosure statement
Prepare updated winddown budget for accelerated and extended winddown
scenarios
Attend call with N. Hwangpo, C. Bentley, E. Ruocco (all Weil) Z. Shapiro(all
RFL) D. Rieger-Paganis, J. Nelson, T. Thoroddsen (all AlixPartners) re: CUBI,
CRB, MOR and Chapter 11 Plan and Disclosure statement
Respond to E. Ruocco (Weil) re: schedules for assets and claims in response to Fed
request at the non-Kabbage debtors
Review motion of debtors for entry to approve disclosure statement and
establishing solicitation, voting and related procedures
Review response from K. Steverson (Omni) re: solicitation procedures
Email to K. Steverson (Omni) re: voting procedures
Email to Z. Shapiro (RLF) re: voting procedures versus objection timing
Telephone call with K. Steverson (Omni) discussing voting procedures

HOURS
2.5
2.5
0.1
0.5
0.5
0.6
0.2
0.3
0.3
0.4
0.4
0.8
0.1
0.6
0.5
1.0
1.7
0.5
1.0
1.2
1.2
2.0
2.5
0.5
0.3
0.3
0.1
0.1
0.1
0.1


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 35 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Plan & Disclosure Statement
20006554P00002.1.9

DATE
12/20/2022

PROFESSIONAL
DCR

12/20/2022

DCR

12/20/2022

JN

12/20/2022

JN

12/20/2022
12/20/2022

JN
JMK

12/20/2022
12/20/2022

JMK
JMK

12/20/2022
12/20/2022
12/20/2022

JMK
JMK
JMK

12/20/2022

NL

12/20/2022
12/20/2022
12/20/2022
12/20/2022
12/20/2022

NL
NL
NL
TBT
TBT

12/20/2022

TBT

12/20/2022

TBT

12/20/2022
12/20/2022

TBT
TBT

12/20/2022
12/20/2022

TBT
TBT

DESCRIPTION OF SERVICES
Call with D. Rieger-Paganis, J. Nelson (all AlixPartners) to discuss engagement
team updates
Attend call with Z. Shapiro, A. Steele(all RLF) C. Arthur, N. Hwangpo, C.
Bentley, E. Ruocco(all Weil) D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J.
Katsigeorgis, N. LoBiondo (all AlixPartners) to discuss liquidation analysis and
GUC buildup for disclosure statement
Working session with C. Arthur, N. Hwangpo(all Weil) J. Dods, T. Keefe(all
Morgan Franklin) S. Kafiti, L. Milner (all KServicing) J. Nelson, J. Katsigeorgis
(all AlixPartners) discussing data transfer requirements re: loan portfolio transition
Call with D. Rieger-Paganis, J. Nelson (all AlixPartners) to discuss engagement
team updates
Revise cost-per-loan analysis
Working session with C. Arthur, N. Hwangpo(all Weil) J. Dods, T. Keefe(all
Morgan Franklin) S. Kafiti, L. Milner (all KServicing) J. Nelson, J. Katsigeorgis
(all AlixPartners) discussing data transfer requirements re: loan portfolio transition
Call with T. Thoroddsen, J. Katsigeorgis (all AlixPartners) re: liquidation analysis
Attend call with Z. Shapiro, A. Steele(all RLF) C. Arthur, N. Hwangpo, C.
Bentley, E. Ruocco(all Weil) D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J.
Katsigeorgis, N. LoBiondo (all AlixPartners) to discuss liquidation analysis and
GUC buildup for disclosure statement
Prepare updated cash flow forecast analysis re liquidation analysis
Prepare updated cost per loan analysis re liquidation analysis
Working session with T. Thoroddsen, J. Katsigeorgis (all AlixPartners) reviewing
GUC build-up and liquidation analysis
Attend call with Z. Shapiro, A. Steele(all RLF) C. Arthur, N. Hwangpo, C.
Bentley, E. Ruocco(all Weil) D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J.
Katsigeorgis, N. LoBiondo (all AlixPartners) to discuss liquidation analysis and
GUC buildup for disclosure statement
Update cost-per-loan analysis for updated winddown assumptions
Update PPP loan run-off forecast for cost-per-loan analysis
Update winddown budget for accelerated and extended winddown scenarios
Call with T. Thoroddsen, J. Katsigeorgis (all AlixPartners) re: liquidation analysis
Attend call to discuss liquidation analysis and GUC buildup for disclosure
statement with Z. Shapiro, A. Steele(all RLF) C. Arthur, N. Hwangpo, C. Bentley,
E. Ruocco(all Weil) D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis,
N. LoBiondo (all AlixPartners)
Respond to E. Ruocco (Weil) follow-up question regarding Kabbage Diameter
acquisition of Radius
Respond to E. Ruocco (Weil) re: follow-up questions regarding borrower
bankruptcy claims
Review correspondence from H. Loiseau (KServicing) re: DOJ and subpoenas
Email to E. Ruocco, L. Castillo (both Weil) re: recoveries for PPP bankruptcy
claims
Update claims estimates for plan and disclosure statement
Working session with T. Thoroddsen, J. Katsigeorgis (all AlixPartners) reviewing
GUC build-up and liquidation analysis

HOURS
0.4
1.5

1.3
0.4
1.3
1.3
0.3
1.5

2.2
1.0
0.5
1.5

1.5
2.1
2.6
0.3
1.5

0.1
0.1
0.1
0.1
1.2
0.5


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 36 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Plan & Disclosure Statement
20006554P00002.1.9

DATE
12/21/2022
12/21/2022

PROFESSIONAL
DCR
JN

12/21/2022

JN

12/21/2022

JN

12/21/2022
12/21/2022
12/21/2022
12/21/2022
12/21/2022
12/21/2022

JN
JMK
JMK
JMK
JMK
NL

12/21/2022

NL

12/21/2022

NL

12/21/2022
12/21/2022

NL
TBT

12/21/2022
12/21/2022
12/21/2022
12/22/2022

TBT
TBT
TBT
DCR

12/22/2022

DCR

12/22/2022
12/22/2022

JN
JN

12/22/2022

JN

12/22/2022

JN

12/22/2022

JN

12/22/2022

JN

DESCRIPTION OF SERVICES
Review disclosure statement and related underlying analysis.
Attend call with E. Ruocco (Weil) Z. Shapiro (RLF) J. Nelson, T. Thoroddsen (all
AlixPartners) re: plan document
Attend call with D. Evans, T. Keefe(all KServicing) J. Nelson, N. LoBiondo (all
AlixPartners) to discuss winddown costs and loan-run off forecast assumptions
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to review winddown
budget and loan run-off forecast
Revise updated Liquidation Analysis model and write-up
Prepare updated GUC claim analysis re liquidation analysis
Prepare updated notes and exhibits re liquidation analysis
Prepare updated professional fee forecasts re liquidation analysis
Prepare updated secured claim analysis re liquidation analysis
Attend call with D. Evans, T. Keefe(all KServicing) J. Nelson, N. LoBiondo (all
AlixPartners) to discuss winddown costs and loan-run off forecast assumptions
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) to review winddown
budget and loan run-off forecast
Continue to update winddown budget for accelerated and extended winddown
scenarios
Review and update PPP loan run-off forecast for cost-per-loan analysis
Attend call with E. Ruocco (Weil) Z. Shapiro (RLF) J. Nelson, T. Thoroddsen (all
AlixPartners) re: plan document
Review latest plan documents with comments from Federal Reserve
Email to E. Ruocco (Weil) re: plan document
Update recovery chart for Disclosure statement
Attend call with L. Milner, S. Kafiti, D. Evans (all KServicing) C. Arthur, N.
Hwangpo, E. Ruocco, C. Bentley (all Weil) D. Rieger-Paganis, J. Nelson, T.
Thoroddsen (all AlixPartners) re: CUBI, CRB, DOJ, Plan and Disclosure
statements
Attend call with Z. Shapiro, A. Steele(all RLF) N. Hwangpo, C. Bentley, E.
Ruocco(all Weil) D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo (all AlixPartners)to discuss liquidation analysis and claims for recovery
analysis
Provide edits to revised Disclosure Statement
Attend call with L. Milner, S. Kafiti, D. Evans (all KServicing) C. Arthur, N.
Hwangpo, E. Ruocco, C. Bentley (all Weil) D. Rieger-Paganis, J. Nelson, T.
Thoroddsen (all AlixPartners) re: CUBI, CRB, DOJ, Plan and Disclosure
statements
Attend call with Z. Shapiro, A. Steele(all RLF) N. Hwangpo, C. Bentley, E.
Ruocco(all Weil) D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo (all AlixPartners)to discuss liquidation analysis and claims for recovery
analysis
Attend call with J. Nelson, J. Katsigeorgis, N. LoBiondo (all AlixPartners) to
review liquidation analysis inputs
Call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss updated winddown
budget, cost-per-loan analysis, and Board presentation
Drafting of winddown budget and cost-per-loan Board materials

HOURS
1.2
0.4
1.5
0.6
1.2
1.3
1.6
0.7
1.0
1.5
0.6
2.6
1.8
0.4
1.6
0.2
0.4
1.0

1.8

0.9
1.0

1.8

0.8
0.4
2.2


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 37 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Plan & Disclosure Statement
20006554P00002.1.9

DATE
12/22/2022

PROFESSIONAL
JMK

12/22/2022

JMK

12/22/2022

JMK

12/22/2022
12/22/2022
12/22/2022
12/22/2022

JMK
JMK
JMK
JMK

12/22/2022

NL

12/22/2022

NL

12/22/2022

NL

12/22/2022

NL

12/22/2022

NL

12/22/2022

NL

12/22/2022
12/22/2022

NL
TBT

12/22/2022

TBT

12/22/2022
12/22/2022
12/22/2022

TBT
TBT
TBT

12/22/2022

TBT

12/22/2022

TBT

12/22/2022
12/22/2022

TBT
TBT

DESCRIPTION OF SERVICES
Attend call with Z. Shapiro, A. Steele(all RLF) N. Hwangpo, C. Bentley, E.
Ruocco(all Weil) D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo (all AlixPartners)to discuss liquidation analysis and claims for recovery
analysis
Attend call with J. Nelson, J. Katsigeorgis, N. LoBiondo (all AlixPartners) to
review liquidation analysis inputs
Call with J. Katsigeorgis, N. LoBiondo (all AlixPartners) to discuss updated inputs
for liquidation analysis
Prepare updated cash flow forecast analysis re liquidation analysis
Prepare updated cost per loan analysis re liquidation analysis
Prepare updated notes and exhibits re liquidation analysis
Telephone call with T. Thoroddsen, J. Katsigeorgis (all AlixPartners) reviewing
claims for liquidation and recovery analysis
Attend call with Z. Shapiro, A. Steele(all RLF) N. Hwangpo, C. Bentley, E.
Ruocco(all Weil) D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo (all AlixPartners)to discuss liquidation analysis and claims for recovery
analysis
Attend call with J. Nelson, J. Katsigeorgis, N. LoBiondo (all AlixPartners) to
review liquidation analysis inputs
Call with J. Katsigeorgis, N. LoBiondo (all AlixPartners) to discuss updated inputs
for liquidation analysis
Call with J. Nelson, N. LoBiondo (all AlixPartners) to discuss updated winddown
budget, cost-per-loan analysis, and Board presentation
Continue to update winddown budget for accelerated and extended winddown
scenarios for revised staffing assumptions
Update cost-per-loan analysis for revised inputs from loan run-off forecast and
extended winddown budget
Update emergence date scenario analysis
Attend call with L. Milner, S. Kafiti, D. Evans (all KServicing) C. Arthur, N.
Hwangpo, E. Ruocco, C. Bentley (all Weil) D. Rieger-Paganis, J. Nelson, T.
Thoroddsen (all AlixPartners) re: CUBI, CRB, DOJ, Plan and Disclosure
statements
Attend call with Z. Shapiro, A. Steele(all RLF) N. Hwangpo, C. Bentley, E.
Ruocco(all Weil) D. Rieger-Paganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N.
LoBiondo (all AlixPartners)to discuss liquidation analysis and claims for recovery
analysis
Prepare claims and recovery chart for disclosure statement
Respond to follow-up questions from J. McMillan (Weil) re: disclosure statement
Review correspondence from C. Bentley (Weil) re: major milestones for executive
team
Review correspondence from N. Hwangpo (Weil) re: footnotes for recovery chart
for disclosure statement
Review correspondence from Z. Shapiro (RLF) re: footnotes for recovery chart for
disclosure statement
Review liquidation analysis from J. Katsigeorgis (AlixPartners)
Review updated liquidation analysis from J. Katsigeorgis (AlixPartners)

HOURS
1.8

0.8
0.4
1.4
1.2
0.9
0.2
1.8

0.8
0.4
0.4
2.2
2.8
1.6
1.0

1.8

0.7
0.3
0.2
0.1
0.1
0.5
0.2


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 38 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Plan & Disclosure Statement
20006554P00002.1.9

DATE
12/22/2022

PROFESSIONAL
TBT

12/22/2022

TBT

12/23/2022
12/23/2022

AP
DCR

12/23/2022

JN

12/23/2022

JN

12/23/2022

JN

12/23/2022
12/23/2022
12/23/2022
12/23/2022
12/23/2022

JN
JMK
JMK
JMK
NL

12/23/2022

NL

12/23/2022

NL

12/23/2022
12/23/2022
12/23/2022

NL
NL
TBT

12/26/2022
12/26/2022
12/27/2022

JMK
JMK
DCR

12/27/2022

DCR

12/27/2022

DCR

DESCRIPTION OF SERVICES
Revise recovery analysis for disclosure statement based on updated claims
estimates and notes from N. Hwangpo (Weil) and Z. Shapiro (RLF)
Telephone call with T. Thoroddsen, J. Katsigeorgis (all AlixPartners) reviewing
claims for liquidation and recovery analysis
Update to outstanding loan balances as of 12/22 for Disclosure Statement
Attend call with N. Hwangpo, C. Bentley, E. Ruocco(all Weil) Z. Shapiro(all RLF)
D. Rieger-Paganis (Partial), J. Nelson, T. Thoroddsen, N. LoBiondo (all
AlixPartners) to discuss cost-per-loan analysis, winddown budget, and review
Board presentation
Attend call with N. Hwangpo, C. Bentley, E. Ruocco(all Weil) Z. Shapiro(all RLF)
D. Rieger-Paganis (Partial), J. Nelson, T. Thoroddsen, N. LoBiondo (all
AlixPartners) to discuss cost-per-loan analysis, winddown budget, and review
Board presentation
Call with J. Nelson, N. LoBiondo (all AlixPartners) to review Board presentation
slides for cost-per-loan analysis and winddown budget
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) re: cost-per-loan
analysis and winddown budget updates
Draft winddown budget and cost-per-loan Board materials
Prepare updated GUC claim analysis re liquidation analysis
Prepare updated notes and exhibits re liquidation analysis
Prepare updated recovery waterfall re liquidation analysis
Attend call with N. Hwangpo, C. Bentley, E. Ruocco(all Weil) Z. Shapiro(all RLF)
D. Rieger-Paganis (Partial), J. Nelson, T. Thoroddsen, N. LoBiondo (all
AlixPartners) to discuss cost-per-loan analysis, winddown budget, and review
Board presentation
Call with J. Nelson, N. LoBiondo (all AlixPartners) to review Board presentation
slides for cost-per-loan analysis and winddown budget
Attend call with J. Nelson, N. LoBiondo (all AlixPartners) re: cost-per-loan
analysis and winddown budget updates
Finalize cost-per-loan analysis and winddown budgets for Management
Prepare Management presentation of cost-per-loan analysis and winddown budgets
Revise recovery chart for Disclosure Statement based on updated liquidation
analysis
Prepare updated GUC claim analysis re liquidation analysis
Prepare updated notes and exhibits re liquidation analysis
Attend call with C. Arthur, N. Hwangpo, C. Bentley (all Weil) L. Milner, H.
Loiseau, S. Kafiti, D. Evans (all KServicing) Z. Shapiro (all RLF) D. RiegerPaganis, J. Nelson (all AlixPartners) to discuss CRB data requests, Plan, and
Disclosure Statement
Attend call with Z. Shapiro(all RLF) N. Hwangpo, C. Bentley(all Weil) D. RiegerPaganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo (all AlixPartners)
to discuss liquidation analysis updates
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss updates to liquidation analysis and comments on Board
presentation of cost-per-loan analysis and winddown budgets

HOURS
0.3
0.2
1.1
1.1

1.1

0.3
0.2
1.6
1.0
1.8
1.0
1.1

0.3
0.2
2.8
2.0
0.3
0.5
2.5
1.0

1.0
0.3


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 39 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Plan & Disclosure Statement
20006554P00002.1.9

DATE
12/27/2022

PROFESSIONAL
JN

12/27/2022

JN

12/27/2022

JN

12/27/2022
12/27/2022

JN
JMK

12/27/2022

JMK

12/27/2022

JMK

12/27/2022
12/27/2022
12/27/2022
12/27/2022

JMK
JMK
JMK
JMK

12/27/2022

NL

12/27/2022

NL

12/27/2022

NL

12/27/2022

TBT

12/27/2022
12/27/2022

TBT
TBT

12/27/2022

TBT

12/27/2022

TBT

DESCRIPTION OF SERVICES
Attend call with C. Arthur, N. Hwangpo, C. Bentley (all Weil) L. Milner, H.
Loiseau, S. Kafiti, D. Evans (all KServicing) Z. Shapiro (all RLF) D. RiegerPaganis, J. Nelson (all AlixPartners) to discuss CRB data requests, Plan, and
Disclosure Statement
Attend call with Z. Shapiro(all RLF) N. Hwangpo, C. Bentley(all Weil) D. RiegerPaganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo (all AlixPartners)
to discuss liquidation analysis updates
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss updates to liquidation analysis and comments on Board
presentation of cost-per-loan analysis and winddown budgets
Revise cost-per-loan and winddown budget presentation for Board
Attend call with Z. Shapiro(all RLF) N. Hwangpo, C. Bentley(all Weil) D. RiegerPaganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo (all AlixPartners)
to discuss liquidation analysis updates
Attend call with J. Katsigeorgis, N. LoBiondo (all AlixPartners) to discuss updated
inputs for liquidation analysis
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss updates to liquidation analysis and comments on Board
presentation of cost-per-loan analysis and winddown budgets
Prepare updated GUC claim analysis re liquidation analysis
Prepare updated notes and exhibits re liquidation analysis
Prepare updated reserve bank claim analysis re liquidation analysis
Working session with T. Thoroddsen, J. Katsigeorgis (all AlixPartners) reviewing
claims and liquidation analysis
Attend call with Z. Shapiro(all RLF) N. Hwangpo, C. Bentley(all Weil) D. RiegerPaganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo (all AlixPartners)
to discuss liquidation analysis updates
Attend call with J. Katsigeorgis, N. LoBiondo (all AlixPartners) to discuss updated
inputs for liquidation analysis
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss updates to liquidation analysis and comments on Board
presentation of cost-per-loan analysis and winddown budgets
Attend call with C. Arthur, N. Hwangpo, C. Bentley (all Weil) L. Milner, H.
Loiseau, S. Kafiti, D. Evans (all KServicing) Z. Shapiro (all RLF) D. RiegerPaganis, J. Nelson (all AlixPartners) to discuss CRB data requests, Plan, and
Disclosure Statement
Analyze other secured claims and recoveries
Attend call with Z. Shapiro(all RLF) N. Hwangpo, C. Bentley(all Weil) D. RiegerPaganis, J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo (all AlixPartners)
to discuss liquidation analysis updates
Summarize high and low claims estimates for Class B unsecured claims for
liquidation analysis
Working session with T. Thoroddsen, J. Katsigeorgis (all AlixPartners) reviewing
claims and liquidation analysis

HOURS
1.0

1.0
0.3
1.1
1.0
0.1
0.3
1.1
2.4
0.9
0.5
1.0
0.1
0.3
1.1

0.4
1.0
0.6
0.5


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 40 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Plan & Disclosure Statement
20006554P00002.1.9

DATE
12/28/2022

PROFESSIONAL
DCR

12/28/2022

DCR

12/28/2022

DCR

12/28/2022

JN

12/28/2022

JN

12/28/2022

JN

12/28/2022

JN

12/28/2022
12/28/2022

JN
JMK

12/28/2022

JMK

12/28/2022

JMK

12/28/2022

JMK

12/28/2022
12/28/2022

JMK
NL

12/28/2022

NL

12/28/2022

NL

12/28/2022

TBT

12/28/2022
12/28/2022
12/28/2022

TBT
TBT
TBT

DESCRIPTION OF SERVICES
Attend call with C. Bentley, N. Hwangpo (all Weil) Z. Shapiro (RLF) D. RiegerPaganis, J. Nelson, T. Thoroddsen (all AlixPartners) re: open items for plan and
disclosure statement and follow-up from Federal Reserves
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss Board call updates and liquidation analysis updates
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss updates to liquidation analysis, cost-per-loan analysis and
winddown budgets
Attend call with C. Bentley, N. Hwangpo (all Weil) Z. Shapiro (RLF) D. RiegerPaganis, J. Nelson, T. Thoroddsen (all AlixPartners) re: open items for plan and
disclosure statement and follow-up from Federal Reserves
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss Board call updates and liquidation analysis updates
Attend call with M. Kennedy, J. Ellis(all Chilmark) J. Nelson, J. Katsigeorgis, N.
LoBiondo (all AlixPartners) to discuss comments on liquidation analysis and draft
Disclosure Statement
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss updates to liquidation analysis, cost-per-loan analysis and
winddown budgets
Revise Liquidation Analysis
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss Board call updates and liquidation analysis updates
Attend call with M. Kennedy, J. Ellis(all Chilmark) J. Nelson, J. Katsigeorgis, N.
LoBiondo (all AlixPartners) to discuss comments on liquidation analysis and draft
Disclosure Statement
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss updates to liquidation analysis, cost-per-loan analysis and
winddown budgets
Prepare updated notes and exhibits re liquidation analysis per advisor feedback and
new assumption
Prepare updated reserve bank claim analysis re liquidation analysis
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss Board call updates and liquidation analysis updates
Attend call with M. Kennedy, J. Ellis(all Chilmark) J. Nelson, J. Katsigeorgis, N.
LoBiondo (all AlixPartners) to discuss comments on liquidation analysis and draft
Disclosure Statement
Attend call with D. Rieger-Paganis, J. Nelson, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss updates to liquidation analysis, cost-per-loan analysis and
winddown budgets
Attend call with C. Bentley, N. Hwangpo (all Weil) Z. Shapiro (RLF) D. RiegerPaganis, J. Nelson, T. Thoroddsen (all AlixPartners) re: open items for plan and
disclosure statement and follow-up from Federal Reserves
Review updated liquidation analysis
Revise recovery chart for disclosure statement
Email to J. McMillan (Weil) re: updates to disclosure statement

HOURS
0.3
0.3
0.3
0.3
0.3
1.1
0.3
0.7
0.3
1.1
0.3
2.8
0.7
0.3
1.1
0.3
0.3
0.3
0.2
0.1


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 41 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Plan & Disclosure Statement
20006554P00002.1.9

DATE
12/29/2022

PROFESSIONAL
AP

12/29/2022
12/29/2022

AP
AP

12/29/2022

DCR

12/29/2022

JN

12/29/2022

JN

12/29/2022

JMK

12/29/2022

JMK

12/29/2022

JMK

12/29/2022
12/29/2022
12/29/2022

TBT
TBT
TBT

12/29/2022
12/29/2022
12/29/2022
12/29/2022
12/29/2022
12/29/2022

TBT
TBT
TBT
TBT
TBT
TBT

12/29/2022

TBT

12/29/2022

TBT

12/30/2022

JMK

12/30/2022

JMK

12/30/2022

JMK

Total Professional Hours

DESCRIPTION OF SERVICES
Update footnotes in disclosure statement re: outstanding loan count and amounts as
of December 22, 2022
Update outstanding loan data for plan and disclosure statement
Working session with T. Thoroddsen, A. Perrella (all AlixPartners) reviewing loan
data for Plan & Disclosure statement
Attend call with C. Arthur, N. Hwangpo, C. Bentley (all Weil) Z. Shapiro(all RLF)
L. Milner, H. Loiseau, S. Kafiti, D. Evans (all KServicing) D. Rieger-Paganis, J.
Nelson (all AlixPartners) to discuss CRB data requests, Plan, Disclosure Statement,
and Liquidation Analysis
Attend call with C. Arthur, N. Hwangpo, C. Bentley (all Weil) H. Loiseau, S.
Kafiti, D. Evans, J. Dods (all KServicing) to discuss CRB data requests and
Attend call with C. Arthur, N. Hwangpo, C. Bentley (all Weil) Z. Shapiro(all RLF)
L. Milner, H. Loiseau, S. Kafiti, D. Evans (all KServicing) D. Rieger-Paganis, J.
Nelson (all AlixPartners) to discuss CRB data requests, Plan, Disclosure Statement,
and Liquidation Analysis
Update professional fee, wind down cost and transfer cost assumptions and outputs
re liquidation analysis
Prepare updated claim analysis and waterfall per latest assumptions re liquidation
analysis
Prepare updated notes and exhibits re liquidation analysis per advisor feedback and
new assumption
Review comments from Federal Reserve to Plan and Liquidation analysis
Review comments from S. Kafiti (KServicing) re: plan and related documents
Review correspondence from J. McMillan (Weil) re: update to certain sections of
Disclosure Statement
Review loan related data for Plan and Disclosure Statement
Review updated liquidation analysis from J. Katsigeorgis (AlixPartners)
Review updates from J. Katsigeorgis (AlixPartners) re: liquidation analysis
Revise recovery chart for Disclosure statement
Send to J. McMillan (Weil) claims information for disclosure statement
Email to J. McMillan (Weil) re: updated recovery percentages for disclosure
statement
Telephone call with J. McMillan (Weil) re: updated numbers for Disclosure
Statement
Working session with T. Thoroddsen, A. Perrella (all AlixPartners) reviewing loan
data for Plan & Disclosure statement
Update professional fee, wind down cost and transfer cost assumptions and outputs
re liquidation analysis
Prepare updated claim analysis and waterfall per latest assumptions re liquidation
analysis
Prepare updated notes and exhibits re liquidation analysis per advisor feedback and
new assumption

HOURS
0.7
2.4
0.4
1.5

1.5
1.5

1.0
1.4
3.3
0.4
0.3
0.1
0.4
0.5
0.3
0.2
0.1
0.1
0.1
0.4
1.3
1.7
3.0
218.1


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 42 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:
PROFESSIONAL
Deborah Rieger-Paganis
James Nelson
Thora B Thoroddsen
John M Katsigeorgis
Anthony Perrella
Nicholas LoBiondo
Total Professional Hours and Fees

Plan & Disclosure Statement
20006554P00002.1.9
RATE
$1,160
$945
$880
$795
$555
$555

HOURS
16.7
48.2
35.2
61.2
7.1
49.7
218.1

$

FEES
19,372.00
45,549.00
30,976.00
48,654.00
3,940.50
27,583.50
176,075.00


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 43 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Transaction Support
20006554P00002.1.10

DATE
12/05/2022

PROFESSIONAL
NL

12/08/2022
12/08/2022
12/09/2022
12/12/2022

TBT
TBT
TBT
NL

12/16/2022
12/19/2022

TBT
NL

12/27/2022

NL

Total Professional Hours

DESCRIPTION OF SERVICES
Update cash collateral budget for legacy loan and PPP actuals for week-ended
12/2/22
Review additional information from C. Grisham (KServicing) re: Legacy loans
Review correspondence from T. Williams (KServicing) re: Legacy loans
Review outstanding legacy loan analysis from C. Grisham (KServicing)
Update cash collateral budget for legacy loan and PPP actuals for week-ended
12/9/22
Review correspondence from S. Kafiti (KServicing) re: interest in Legacy portfolio
Update cash collateral budget for legacy loan and PPP actuals for week-ended
12/16/22
Update cash collateral budget for legacy loan and PPP actuals for week-ended
12/23/22

HOURS
2.8
0.1
0.1
0.4
2.7
0.1
2.6
2.4
11.2


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 44 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:
PROFESSIONAL
Thora B Thoroddsen
Nicholas LoBiondo
Total Professional Hours and Fees

Transaction Support
20006554P00002.1.10
RATE
$880
$555

HOURS
0.7
10.5
11.2

$
$

FEES
616.00
5,827.50
6,443.50


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 45 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Vendor Management
20006554P00002.1.13

DATE
12/01/2022
12/01/2022
12/01/2022
12/01/2022
12/01/2022
12/01/2022
12/01/2022
12/02/2022
12/02/2022
12/05/2022
12/05/2022
12/05/2022

PROFESSIONAL
TBT
TBT
TBT
TBT
TBT
TBT
TBT
TBT
TBT
TBT
TBT
TBT

12/05/2022

TBT

12/06/2022
12/06/2022
12/06/2022

TBT
TBT
TBT

12/07/2022

NL

12/07/2022

TBT

12/07/2022
12/07/2022
12/07/2022
12/07/2022

TBT
TBT
TBT
TBT

12/08/2022
12/08/2022
12/08/2022

TBT
TBT
TBT

12/08/2022
12/08/2022

TBT
TBT

12/08/2022

TBT

12/08/2022
12/08/2022

TBT
TBT

12/09/2022

TBT

12/09/2022
12/09/2022
12/09/2022
12/12/2022

TBT
TBT
TBT
TBT

DESCRIPTION OF SERVICES
Call with E. Ruocco (Weil) to discuss certain vendor invoice re: 401k plan
Review certain vendor payments made
Review correspondence from T. Williams (KServicing) re: certain training invoices
Review correspondence from W. Dauzart (KServicing) re: today's vendor payments
Email to E. Ruocco (Weil) re: 5500 filing for Kabbage, Inc
Email to E. Ruocco (Weil) re: certain pre-petition invoices
Send response to T. Williams (AlixPartners) re: certain vendor invoices
Review correspondence from C. Myron (Marsh) re: employed lawyers application
Review correspondence from T. Williams (KServicing) re: Delaware tax
Respond to J. Mullaney (KServicing) re: certain borrower refunds
Respond to L. Milner (KServicing) re: certain vendor invoices
Review correspondence from T. Williams (KServicing) re: Delaware tax payment
by end of year
Review correspondence from T. Williams (KServicing) re: taxes for State of
Pennsylvania
Respond to J. Mullaney (KServicing) re: certain vendor payments
Respond to T. Williams (KServicing) re: certain tax payment
Respond to W. Dauzart (KServicing) re: split between pre and post-petition invoice
for October TSA services
Telephone call with T. Thoroddsen, N. LoBiondo (all AlixPartners) discussing this
week's payables
Respond to T. Bullet (Windham Brannon) re: request updated power of attorney for
IRS
Review correspondence from T. Bullet (Windham Brannon) re: IRS refund checks
Review proposed payment list from S. Estrell (KServicing) for this week
Send summary to S. Estrell, T. Williams (both KServicing) re: this week's payables
Telephone call with T. Thoroddsen, N. LoBiondo (all AlixPartners) discussing this
week's payables
Respond to D. Evans (KServicing) re: missing invoices for certain vendor
Respond to S. Kafiti (KServicing) re: certain vendor requests for payments
Respond to W. Dauzart (KServicing) re: certain pre-petition expense reports
authorized to be paid under wage motion
Respond to W. Dauzart (KServicing) re: certain pre-petition invoice
Review correspondence from D. Evans (KServicing) re: salesforce post petition
invoices
Review correspondence from T. Bullet (Windham Brannon) re: tax payment to
Pennsylvania department of revenue
Review correspondence from W. Dauzart (KServicing) re: payment proposal
Email to W. Dauzart, T. Williams (both KServicing) re: copies of certain invoices
for processing
Review correspondence from Z. Shapiro (RLF) re: CNO's required prior to
professional fee payments
Review procedures for professional fee payments
Email to T. Williams (KServicing) re: KERP payment prior to year end
Email to T. Williams (KServicing) re: professional fee payments prior to year end
Review correspondence from T. Williams (KServicing) re: TRA invoice for

HOURS
0.1
0.3
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.3
0.2
0.1
0.1
0.2
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.3
0.1
0.1
0.1


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 46 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Vendor Management
20006554P00002.1.13

DATE
12/12/2022
12/13/2022

PROFESSIONAL
TBT
TBT

12/13/2022
12/14/2022

TBT
NL

12/14/2022

TBT

12/14/2022
12/14/2022
12/14/2022
12/14/2022
12/14/2022
12/14/2022
12/14/2022
12/15/2022
12/16/2022
12/16/2022
12/19/2022

TBT
TBT
TBT
TBT
TBT
TBT
TBT
TBT
TBT
TBT
AP

12/19/2022
12/19/2022

TBT
TBT

12/19/2022

TBT

12/19/2022

TBT

12/21/2022

NL

12/21/2022
12/21/2022
12/21/2022

TBT
TBT
TBT

12/21/2022
12/21/2022

TBT
TBT

12/22/2022
12/22/2022
12/22/2022
12/22/2022
12/23/2022
12/23/2022
12/27/2022

TBT
TBT
TBT
TBT
TBT
TBT
NL

12/27/2022

TBT

DESCRIPTION OF SERVICES
Email to K. Steverson (Omni) re: outstanding pre-petition invoices
Analyze outstanding invoices for certain vendor as requested by N. Hwangpo
(Weil)
Send certain vendor history to N. Hwangpo (Weil)
Attend call with T. Thoroddsen, N. LoBiondo (all AlixPartners) to review proposed
payments for this week
Attend call with T. Thoroddsen, N. LoBiondo (all AlixPartners) to review proposed
payments for this week
Respond to H. Loiseau (KServicing) re: request for certain vendor
Respond to J. Mullaney (KServicing) re: certain vendor payments
Respond to W. Dauzart (KServicing) re: proposed payments
Review invoice backup provided by W. Dauzart (KServicing)
Review listing of open invoices from W. Dauzart (KServicing)
Email to A. Ham (Weil) re: certain open invoices for payment
Email to W. Dauzart (KServicing) re: copies of certain outstanding invoices
Review correspondence from S. Kafiti (KServicing) re: certain October invoice
Review November invoices from Omni
Review summary of professional fees to be paid by end of year
Telephone call with T. Thoroddsen, A. Perrella (all AlixPartners) re: November
disbursements
Analyze November payments against 1st Day motions
Respond to L. Francois (KServicing) re: review of certain invoice between pre and
post petition period
Review invoices from Dentons to segregate between pre and post-petition invoices
as requested by L. Francois (KServicing)
Telephone call with T. Thoroddsen, A. Perrella (all AlixPartners) re: November
disbursements
Telephone call discussing certain outstanding vendor invoices with T. Thoroddsen,
N. LoBiondo (all AlixPartners)
Prepare summary of pre- versus post petition invoices for Dentons
Review open payables from L. Francois (KServicing)
Email to L. Francois (KServicing) re: updates to pre- versus post petition split of
certain invoices
Email to L. Francois (KServicing) re: Vital invoices
Telephone call discussing certain outstanding vendor invoices with T. Thoroddsen,
N. LoBiondo (all AlixPartners)
Reconciled CNOs to summary of professional fees to be paid
Review correspondence from L. Francois (KServicing) re: Dentons invoices in AP
Email to L. Francois (KServicing) re: additional clarification for certain payments
Email to T. Williams, J. Mullaney (both KServicing) re: professional payments
Respond to L. Francois (KServicing) re: payment process for next week
Email to T. Williams (KServicing) re: Delaware tax payment
Telephone call with T. Thoroddsen, N. LoBiondo (all AlixPartners) re: certain
outstanding vendor invoices
Attend call with T. Williams, I. Naraine, L. Francois, V. Pardi (all KServicing) re:
vendor payments

HOURS
0.1
0.3
0.1
0.5
0.5
0.1
0.1
0.2
0.1
0.3
0.1
0.1
0.1
0.2
0.1
0.1
0.4
0.1
0.3
0.1
0.1
0.3
0.5
0.1
0.1
0.1
0.3
0.1
0.1
0.1
0.1
0.1
0.2
0.3


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 47 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Vendor Management
20006554P00002.1.13

DATE
12/27/2022

PROFESSIONAL
TBT

12/27/2022
12/27/2022

TBT
TBT

12/27/2022
12/27/2022
12/27/2022
12/27/2022
12/27/2022
12/27/2022

TBT
TBT
TBT
TBT
TBT
TBT

12/28/2022

AP

12/28/2022

DCR

12/28/2022

TBT

12/28/2022

TBT

12/28/2022
12/28/2022

TBT
TBT

12/29/2022

TBT

12/29/2022
TBT
Total Professional Hours

DESCRIPTION OF SERVICES
Reconcile open payables for certain ordinary course professional firm to pre and
post-petition invoices
Review correspondence from T. Williams (KServicing) re: lease payment
Review open accounts payables and proposed payments from L. Francois
(KServicing)
Email to L. Francois (KServicing) re: professional fee payments
Email to T. Williams (KServicing) re: payment of lease payment prior to year end
Send follow-up to T. Williams (KServicing) re: KERP payments
Send follow-up to T. Williams (KServicing) re: professional fee payments
Send summary analysis to L. Francois (KServicing) re: vendor payments
Telephone call with T. Thoroddsen, N. LoBiondo (all AlixPartners) re: certain
outstanding vendor invoices
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners)
re: claims review and payables
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners)
re: claims review and payables
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners)
re: claims review and payables
Review correspondence from N. LoBiondo (AlixPartners) re: certain contract
worker invoices
Email to L. Francois (KServicing) re: additional invoices to be paid prior to year
Email to T. Williams (KServicing) re: need to reconcile lease payments to ensure
payments are current
Attend call with T. Williams, I. Naraine, L. Francois, S. Estell (all KServicing) re:
payment processes
Review 2nd fee statements for various professional firms

HOURS
0.2
0.1
0.7
0.1
0.1
0.1
0.1
0.2
0.2
0.3
0.3
0.3
0.1
0.1
0.1
0.3
0.3
14.3


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 48 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:
PROFESSIONAL
Deborah Rieger-Paganis
Thora B Thoroddsen
Anthony Perrella
Nicholas LoBiondo
Total Professional Hours and Fees

Vendor Management
20006554P00002.1.13
RATE
$1,160
$880
$555
$555

HOURS
0.3
12.7
0.4
0.9
14.3

$

$

FEES
348.00
11,176.00
222.00
499.50
12,245.50


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 49 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Executory Contracts
20006554P00002.1.14

DATE
12/07/2022
12/08/2022
12/08/2022

PROFESSIONAL
TBT
TBT
TBT

12/08/2022
12/08/2022
12/08/2022

TBT
TBT
TBT

12/08/2022
12/08/2022
12/08/2022
12/09/2022
12/09/2022
12/09/2022
12/09/2022
12/09/2022
12/12/2022

TBT
TBT
TBT
TBT
TBT
TBT
TBT
TBT
TBT

12/12/2022

TBT

12/12/2022
12/14/2022
12/14/2022
12/15/2022
12/15/2022

TBT
TBT
TBT
AP
AP

12/15/2022

TBT

12/15/2022
12/15/2022

TBT
TBT

12/15/2022
12/16/2022

TBT
TBT

12/16/2022
12/16/2022
12/16/2022
12/16/2022
12/16/2022

TBT
TBT
TBT
TBT
TBT

12/19/2022

TBT

12/19/2022
12/19/2022
12/19/2022
12/20/2022

TBT
TBT
TBT
TBT

DESCRIPTION OF SERVICES
Respond to C. Bentley (Weil) re: executory contract review
Review contracts related to certain collection agencies
Review contracts related to computer equipment leases for potential rejection
damages
Review correspondence from D. Evans (KServicing) re: OCL, online learning
Review correspondence from S. Kafiti (KServicing) re: compliance programs
Review correspondence from W. Dauzart (KServicing) re: paid invoices for certain
IT licenses
Review detail for contract review done by M. Sullivan (KServicing)
Review various contracts related to licensing of certain IT softwares
Email to S. Moss (KServicing) re: certain contract review
Continue reviewing executory contracts for potential rejection damages
Review certain agreements for Wells Fargo
Review correspondence from S. Haliburton (KServicing) re: certain contracts
Review correspondence from T. Williams (KServicing) re: Wells Fargo
Email to T. Williams (KServicing) re: Wells Fargo agreement
Final review of estimated rejection damages to provide to C. Bentley, E. Ruocco
(both Weil)
Respond to correspondence from S. Kafiti, S. Moss (both KServicing) re: transfer
of Insperity agreement to KServicing
Review correspondence from D. Evans (KServicing) re: renewal for certain
Attend call with E. Ruocco, C. Bentley (all Weil) re: estimated rejection damages
Email to E. Ruocco, C. Bentley (both Weil) re: executory contract review
Review servicing agreement contracts to be shared with advisors
Telephone call with T. Thoroddsen, A. Perrella (all AlixPartners) re: executory
contract review
Review correspondence from E. Ruocco (Weil) re: proposed treatment of Insperity
contract
Email to S. Moss (KServicing) re: contracts with automatic extensions
Telephone call with T. Thoroddsen, A. Perrella (all AlixPartners) re: executory
contract review
Telephone call with E. Ruocco (Weil) re: Insperity contract
Respond to follow-up questions from N. Hwangpo (Weil) re: certain collection
agency
Review contracts related to HCG and StoneRidge
Review correspondence from D. Evans (KServicing) re: certain contract extension
Review correspondence from T. Williams (KServicing) re: financial system
Email to E. Ruocco (Weil) re: contract for financial system
Email to E. Ruocco, D. Parker-Thompson (both Weil) re: backup data for certain
contracts and outstanding AR
Review correspondence from A. Suarez (Weil) re: motion to extend the time the
Debtors have to assume/reject unexpired leases
Review information regarding director's indemnification agreements and Schedules
Email to E. Ruocco (Weil) re: director's indemnification agreements
Email to S. Kafiti (KServicing) re: unexpired leases
Respond to E. Ruocco (Weil) re: certain executory contracts

HOURS
0.1
0.3
0.7
0.1
0.1
0.1
2.4
0.8
0.1
1.6
0.3
0.1
0.1
0.1
1.5
0.1
0.1
0.5
0.1
0.8
0.1
0.1
0.1
0.1
0.1
0.1
0.2
0.1
0.1
0.1
0.2
0.1
0.2
0.1
0.1
0.1


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 50 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Executory Contracts
20006554P00002.1.14

DATE
PROFESSIONAL
12/22/2022
TBT
12/27/2022
TBT
12/28/2022
TBT
12/28/2022
TBT
12/28/2022
TBT
12/30/2022
TBT
Total Professional Hours

DESCRIPTION OF SERVICES

HOURS

Respond to A. Suarez (Weil) re: unexpired nonresidential property lease
Review correspondence from E. Ruocco (Weil) re: Insperity agreement
Review updated motion to extend time to assume or reject non-residential leases
Email to J. McMillian (Weil) re: lease payments
Email to S. Moss (KServicing) re: certain referral agreement
Respond to N. Hwangpo (Weil) re: certain executory contracts

0.1
0.1
0.3
0.1
0.1
0.2
12.8


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 51 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:
PROFESSIONAL
Thora B Thoroddsen
Anthony Perrella
Total Professional Hours and Fees

Executory Contracts
20006554P00002.1.14
RATE
$880
$555

HOURS
11.9
0.9
12.8

$
$

FEES
10,472.00
499.50
10,971.50


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 52 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Claims Process / Avoidance Actions
20006554P00002.1.15

DATE
12/01/2022
12/01/2022
12/01/2022
12/01/2022
12/01/2022
12/01/2022
12/01/2022
12/01/2022
12/01/2022
12/01/2022
12/02/2022
12/02/2022
12/02/2022
12/02/2022
12/02/2022
12/02/2022
12/02/2022
12/02/2022
12/05/2022

PROFESSIONAL
TBT
TBT
TBT
TBT
TBT
TBT
TBT
TBT
TBT
TBT
TBT
TBT
TBT
TBT
TBT
TBT
TBT
TBT
AP

12/05/2022

DCR

12/05/2022

TBT

12/05/2022

TBT

12/05/2022
12/05/2022
12/05/2022

TBT
TBT
TBT

12/05/2022
12/05/2022
12/05/2022
12/05/2022
12/06/2022

TBT
TBT
TBT
TBT
AP

12/06/2022
12/06/2022

AP
DCR

12/06/2022

TBT

12/06/2022
12/06/2022
12/06/2022

TBT
TBT
TBT

DESCRIPTION OF SERVICES
Analyze certain claim related to equipment leases
Respond to L. Hwangpo (Weil) re: timing of claims analysis
Review certain borrower claims filed
Review certain contingent, unliquidated claims
Review correspondence from C. Bentley (Weil) re: CRB claim
Review updates from B. Whitley (Omni) re: claims filed through bar date
Send certain AP claims to W. Dauzart (KServicing) to review
Email to B. Whitley (Omni) re: claims through bar date
Email to T. Williams (KServicing) re: potential claims to be recorded
Email to T. Williams (KServicing) re: uncategorized claims
Analyze claims filed by bar date 11/30/2022
Prepare list of claims needing data source for loan tracking
Email to B. Whitaker (Omni) re: additional information needed for claims
Email to B. Whitaker (Omni) re: unredacted claims copies
Begin review of claims filed by debtors
Begin review of contingency, unliquidated claims filed
Begin review of priority claims filed
Begin review of secured claims filed
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners) to
discuss claims process, executory contracts and post-petition payments timing
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners) to
discuss claims process, executory contracts and post-petition payments timing
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners) to
discuss claims process, executory contracts and post-petition payments timing
Follow up telephone call with K. Steverson (Omni) discussing access to unredacted
claims
Review correspondence from P. Greene (KServicing) re: certain borrower claim
Email to N. Hwangpo (Weil) re: claims analysis
Send preliminary claims analysis to N. Hwangpo, E. Ruocco (both Weil) and Alix
team for review and comments
Send updated claims summary to E. Ruocco, L. Castillo (both Weil)
Telephone call with K. Steverson (Omni) discussing certain claims
Update claims summary based on updated claims data from K. Steverson (Omni)
Update overall claims summaries with additional priorities and classifications
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners)
discussing claims and tax payments
Review claims filed to develop list of basis of claims
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners)
discussing claims and tax payments
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners)
discussing claims and tax payments
Call with E. Ruocco, L Castillo (all Weil) reviewing preliminary claims analysis
Review correspondence from K. Steverson (Omni) re: claims register
Send additional correspondence to K. Steverson (KServicing) re: certain admin and
503b9 claims

HOURS
1.6
0.1
0.4
0.3
0.1
0.1
0.2
0.1
0.2
0.2
1.7
0.3
0.1
0.1
0.5
0.5
0.4
0.4
0.5
0.5
0.5
0.1
0.1
0.1
0.1
0.1
0.3
0.8
2.4
0.4
2.2
0.4
0.4
1.1
0.1
0.2


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 53 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Claims Process / Avoidance Actions
20006554P00002.1.15

DATE
12/06/2022

PROFESSIONAL
TBT

12/06/2022
12/06/2022
12/06/2022

TBT
TBT
TBT

12/07/2022

AP

12/07/2022

AP

12/07/2022

AP

12/07/2022

DCR

12/07/2022

TBT

12/07/2022
12/07/2022

TBT
TBT

12/07/2022
12/07/2022
12/07/2022
12/07/2022

TBT
TBT
TBT
TBT

12/07/2022
12/07/2022
12/07/2022

TBT
TBT
TBT

12/07/2022
12/07/2022

TBT
TBT

12/08/2022
12/08/2022
12/08/2022

TBT
TBT
TBT

12/08/2022
12/09/2022

TBT
TBT

12/09/2022

TBT

12/09/2022
12/09/2022

TBT
TBT

12/10/2022
12/10/2022

TBT
TBT

DESCRIPTION OF SERVICES
Email to K. Steverson (Omni) re: potential adjustments to claims register based on
claims review
Send follow-up questions to K. Steverson (Omni) re: borrower reviews
Telephone call with K. Steverson (Omni) re: certain claims
Update claims analysis with additional information received from K. Steverson
(Omni) re: borrower claims
Attend call with K. Steverson (all Omni) T. Thoroddsen, A. Perrella (all
AlixPartners) discussing claims report and claim copies
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners)
to discuss claims processing status
Working session with T. Thoroddsen, A. Perrella (all AlixPartners) re: filed claims
review
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners)
to discuss claims processing status
Attend call with K. Steverson (all Omni) T. Thoroddsen, A. Perrella (all
AlixPartners) discussing claims report and claim copies
Call with E. Ruocco, L. Castillo (all Weil) reviewing updated claims analysis
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners)
to discuss claims processing status
Respond to V. Martin (KServicing) request re: certain litigation claim
Review confirmation from T. Bullet (Windham Brannon) re: IRS claim
Review updates from K. Steverson (Omni) re: certain borrower claims
Send claims summary to N. Hwangpo, E. Ruocco, L. Castillo (all Weil), Z.
Shapiro, A. Steele (both RLF), D. Rieger-Paganis, J. Nelson (both AlixPartners)
Send updated claims analysis to E. Ruocco, L. Castillo (both Weil)
Update claims analysis based upon review comments from E. Ruocco (Weil)
Update claims analysis with review done for borrower claims by A. Perrella
(AlixPartners)
Update claims analysis with updated claims register from K. Steverson (Omni)
Working session with T. Thoroddsen, A. Perrella (all AlixPartners) re: filed claims
review
Respond to S. Kafiti, S. Moss (both KServicing) re: claims
Review correspondence from C. Bentley (Weil) re: the Juneau administrative claim
Review motion for payment of administrative expenses/claim filed by the Juneau
Group LLC
Send additional information to C. Bentley (Weil) re: administrative claim filed
Prepare list of borrower and unknown claims to send to K. Steverson (Omni) to
pull additional loan information
Send additional information to L. Milner, H. Loiseau, S. Kafiti (all KServicing) re:
certain claimant filing secured and administrative claims
Email to S. Haliburton (KServicing) re: additional backup for certain loan
Update claims analysis with updated claims register received from K. Steverson
(Omni)
Review filed claims to respond to questions from N. Hwangpo (Weil)
Email to K. Steverson (Omni) re: late filed claims

HOURS
0.2
0.1
0.2
1.6
0.2
0.3
0.5
0.3
0.2
0.4
0.3
0.1
0.1
0.1
0.1
0.1
2.3
0.7
0.8
0.5
0.1
0.1
0.2
0.1
0.2
0.2
0.1
0.8
0.8
0.1


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 54 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Claims Process / Avoidance Actions
20006554P00002.1.15

DATE
12/10/2022

PROFESSIONAL
TBT

12/11/2022
12/11/2022
12/11/2022

TBT
TBT
TBT

12/11/2022
12/11/2022

TBT
TBT

12/12/2022

TBT

12/12/2022

TBT

12/12/2022

TBT

12/12/2022

TBT

12/13/2022

AP

12/13/2022
12/13/2022
12/13/2022
12/13/2022
12/13/2022
12/13/2022
12/13/2022

TBT
TBT
TBT
TBT
TBT
TBT
TBT

12/13/2022
12/13/2022
12/14/2022
12/14/2022
12/14/2022

TBT
TBT
TBT
TBT
TBT

12/14/2022

TBT

12/14/2022
12/14/2022
12/14/2022
12/15/2022
12/16/2022
12/19/2022

TBT
TBT
TBT
TBT
TBT
AP

12/19/2022

DCR

12/19/2022

JN

DESCRIPTION OF SERVICES
Email to N. Hwangpo, E. Ruocco (both Weil), Z. Shapiro (RLF), Alix Team re:
claims analysis
Finalize updating claims analysis
Review potentially late filed claims
Email to N. Hwangpo (Weil), Z. Shapiro (RLF), Alix Team and others re: updated
claims summary
Update claims analysis for potential objections to be filed
Update claims analysis with additional information re: borrower related claims
received from K. Steverson (Omni)
Review correspondence from Z. Shapiro (RLF) re: sample claim objections for
voting purposes
Email to J. Mullaney (KServicing) re: documentation needed for certain PPP
claimant
Email to L. Milner, S. Kafiti, H. Loiseau (all KServicing) re: claims analysis for
their review and comments
Email to S. Kafiti, H. Loiseau (both KServicing) re: certain secured and 503b9
claims filed
Telephone call with T. Thoroddsen, A. Perrella (all AlixPartners) discussing
unredacted claims PDFs for KServicing
Attend call with S. Moss (KServicing) to review claims analysis
Prepare summary of borrower claims to share with S. Moss (KServicing)
Review comments from E. Ruocco (Weil) re: claims analysis
Email to K. Steverson (Omni) re: certain admin claim
Email to S. Moss (KServicing) re: unredacted PDFs
Send proposed review to S. Moss (KServicing) for PPP borrower claims
Telephone call with T. Thoroddsen, A. Perrella (all AlixPartners) discussing
unredacted claims PDFs for KServicing
Update claims analysis based upon comments from E. Ruocco (Weil)
Update potential claims objection listing
Respond to C. Arthur (Weil) re: claims status
Respond to L. Castillo (Weil) re: information for certain borrower claim
Review correspondence from C. Bentley (Weil) re: correspondence with certain
admin claimant
Review request from L. Castillo (Weil) re: additional information for certain
borrower claims
Email to E. Ruocco, C. Bentley (both Weil) re: certain claims analysis
Email to J. Mullaney (KServicing) re: backup data for certain borrower
Update certain claims analysis for computer leases
Review correspondence from J. Mullaney (KServicing) re: old borrower data
Email to J. Nelson, N. LoBiondo (both AlixPartners) re: estimates for SBA claims
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners)
to discuss claims process
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners)
to discuss claims process
Attend call with J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss GUC claims build-up and outstanding items

HOURS
0.2
1.1
0.5
0.1
0.8
1.9
0.2
0.1
0.2
0.2
0.1
1.2
0.3
0.2
0.1
0.1
0.2
0.1
0.6
0.2
0.1
0.1
0.1
0.1
0.1
0.1
0.3
0.1
0.1
0.3
0.3
0.5


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 55 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Claims Process / Avoidance Actions
20006554P00002.1.15

DATE
12/19/2022

PROFESSIONAL
JMK

12/19/2022

NL

12/19/2022

TBT

12/19/2022

TBT

12/19/2022
12/19/2022
12/19/2022
12/19/2022
12/19/2022
12/20/2022
12/20/2022
12/20/2022
12/21/2022

TBT
TBT
TBT
TBT
TBT
TBT
TBT
TBT
AP

12/21/2022

DCR

12/21/2022

TBT

12/21/2022

TBT

12/21/2022
12/21/2022
12/21/2022
12/22/2022
12/22/2022

TBT
TBT
TBT
AP
TBT

12/22/2022

TBT

12/22/2022

TBT

12/22/2022
12/22/2022

TBT
TBT

12/22/2022

TBT

12/23/2022
12/27/2022
12/28/2022
12/28/2022
12/28/2022
12/28/2022
12/28/2022

TBT
TBT
JMK
TBT
TBT
TBT
TBT

DESCRIPTION OF SERVICES
Attend call with J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss GUC claims build-up and outstanding items
Attend call with J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss GUC claims build-up and outstanding items
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners)
to discuss claims process
Attend call with J. Nelson, T. Thoroddsen, J. Katsigeorgis, N. LoBiondo (all
AlixPartners) to discuss GUC claims build-up and outstanding items
Respond to N. Hwangpo (Weil) re: claims review
Revised write up for estimated Class 4 unsecured claims
Email to S. Moss (KServicing) re: borrower claims
Update claims analysis with claims filed through 12/16/2022
Update outline for GUC buildup
Review correspondence from E. Ruocco (Weil) re: Fed claim amount in plan
Review correspondence from N. Hwangpo (Weil) re: claims objections
Email to N. Hwangpo (Weil) re: claims
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners) to
discuss November MOR, claims process and professional fee payments
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners) to
discuss November MOR, claims process and professional fee payments
Attend call with D. Rieger-Paganis, T. Thoroddsen, A. Perrella (all AlixPartners) to
discuss November MOR, claims process and professional fee payments
Review certain claims to respond to L. Castillo (Weil) re: certain claims
categorization
Review comments from S. Kafiti (KServicing) re: claims review
Review correspondence from H. Loiseau (KServicing) re: claims review status
Review correspondence from N. Hwangpo (Weil) re: high level claims timeline
Review invoice payment timing re: claims analysis
Prepare summary analysis to share with Federal Reserve as requested by L. Castillo
(Weil)
Review correspondence from L. Castillo (Weil) re: claims report for Federal
Reserve
Review correspondence from S. Moss (KServicing) re: outstanding invoices for
CSC
Send claims summary to L. Castillo (Weil) as requested for Federal Reserve
Email to L. Castillo (Weil) re: clarification questions regarding Federal Reserve
claims request
Update claims analysis with updated claims register from Omni for admin, 503b9,
secured, priority and unliquidated claims
Prepare responses to questions from L. Castillo (Weil) re: claims on objection list
Respond to Z. Shapiro (RLF) re: Celtic claim
Call with T. Thoroddsen, J. Katsigeorgis (all AlixPartners) reviewing claims
Call with T. Thoroddsen, J. Katsigeorgis (all AlixPartners) reviewing claims
Respond to L. Castillo (Weil) question regarding certain borrower claim
Review confirmation from K. Steverson (Omni) re: certain borrower claim
Review correspondence from L. Castillo (Weil) re: claims objections

HOURS
0.5
0.5
0.3
0.5
0.2
0.4
0.1
1.3
0.2
0.1
0.1
0.1
0.3
0.3
0.3
0.3
0.1
0.1
0.1
0.5
0.6
0.1
0.1
0.1
0.1
0.7
0.8
0.1
0.3
0.3
0.1
0.1
0.3


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 56 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Claims Process / Avoidance Actions
20006554P00002.1.15

DATE
12/28/2022

PROFESSIONAL
TBT

12/28/2022
TBT
12/29/2022
TBT
12/29/2022
TBT
12/29/2022
TBT
Total Professional Hours

DESCRIPTION OF SERVICES
Email to K. Steverson (Omni) re: confirming whether certain claimant is former
employee
Email to S. Moss (KServicing) re: D&O claims
Prepare information for declaration as requested by L. Castillo (Weil)
Review updated claims report from Omni
Telephone call with K. Steverson (Omni) discussing updated claims report

HOURS
0.1
0.1
0.5
0.8
0.1
51.6


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 57 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:
PROFESSIONAL
Deborah Rieger-Paganis
James Nelson
Thora B Thoroddsen
John M Katsigeorgis
Anthony Perrella
Nicholas LoBiondo
Total Professional Hours and Fees

Claims Process / Avoidance Actions
20006554P00002.1.15
RATE
$1,160
$945
$880
$795
$555
$555

HOURS
1.8
0.5
42.7
0.8
5.3
0.5
51.6

$

$

FEES
2,088.00
472.50
37,576.00
636.00
2,941.50
277.50
43,991.50


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 58 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Adversary Proceedings & Contested Matters
20006554P00002.1.16

DATE
12/13/2022

PROFESSIONAL
JN

12/14/2022

DCR

Total Professional Hours

DESCRIPTION OF SERVICES
Attend call with T. Tsekerides, R. Slack, C. Bonk, C. Arthur, C. Bentley (all Weil)
S. Kafiti, T. Williams (all KServicing) D. Rieger-Paganis, J. Nelson (all
AlixPartners) to discuss CUBI monthly report and remittance wire
Attend call with T. Tsekerides, R. Slack, C. Bonk, C. Arthur, C. Bentley (all Weil)
S. Kafiti, T. Williams (all KServicing) D. Rieger-Paganis, J. Nelson (all
AlixPartners) to discuss CUBI monthly report and remittance wire

HOURS
1.2
1.2
2.4


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 59 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:
PROFESSIONAL
Deborah Rieger-Paganis
James Nelson
Total Professional Hours and Fees

Adversary Proceedings & Contested Matters
20006554P00002.1.16
RATE
$1,160
$945

HOURS
1.2
1.2
2.4

$
$

FEES
1,392.00
1,134.00
2,526.00


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 60 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Fee Applications & Fee Applications
20006554P00002.1.20

DATE
12/05/2022
12/06/2022
12/07/2022

PROFESSIONAL
LMB
LMB
LMB

12/12/2022
12/14/2022
12/14/2022
12/19/2022
12/20/2022
12/21/2022
12/21/2022
12/21/2022

AP
LMB
LMB
LMB
JN
LMB
LMB
LMB

12/22/2022
12/26/2022

JN
LMB

12/27/2022
12/27/2022
12/28/2022

HES
JN
LMB

12/28/2022
12/29/2022

LMB
LMB

12/29/2022

LMB

Total Professional Hours

DESCRIPTION OF SERVICES
Prepare professional fees for Second Monthly Fee Application (November 2022)
Prepare professional fees for November 2022 Monthly Fee Application
Prepare First Monthly Fee Application for the period September 7, 2022 through
October 31, 2022, supporting schedules and exhibits.
Analyze professional fees for the November 2022 Monthly Fee Application
Analyze expenses for the November 2022 Monthly Fee Application
Prepare professional fees for November 2022 Monthly Fee Application
Prepare November 2022 Monthly Fee Application
Revise November invoice details and Monthly Fee Application
Prepare professional fees for Second Monthly Fee Application (November 2022)
Prepare schedule/exhibit workbook for November Monthly Fee Application
Prepare Second Monthly Fee Application, supporting schedules and exhibits
(November 2022)
Revise November professional fees and Monthly Fee Application
Revise Second Monthly Fee Application, supporting schedules and exhibits
(November 2022)
Revise Second Monthly Fee Application (November 2022)
Revise November Monthly Fee Application
Revise Second Monthly Fee Application, supporting schedules and exhibits
(November 2022)
Update fee Application status chart
Finalize Second Monthly Fee Application, supporting schedules and exhibits
(November 2022)
Email to N. Hwangpo (Weil) attaching the Second Monthly Fee Application
(November 2022) for filing on the Court docket

HOURS
2.8
3.2
2.5
2.1
0.5
1.3
0.8
1.2
0.6
1.4
1.2
0.4
1.0
0.4
0.8
0.8
0.2
0.4
0.2
21.8


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 61 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:
PROFESSIONAL
James Nelson
Heather E Saydah
Anthony Perrella
Lisa Marie Bonito
Total Professional Hours and Fees

Fee Applications & Fee Applications
20006554P00002.1.20
RATE
$945
$510
$555
$475

HOURS
2.4
0.4
2.1
16.9
21.8

$

$

FEES
2,268.00
204.00
1,165.50
8,027.50
11,665.00


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 62 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:

Travel Time
20006554P00002.1.31

DATE
PROFESSIONAL
12/01/2022
JN
12/01/2022
JN
12/06/2022
JN
12/07/2022
JN
Total Professional Hours

DESCRIPTION OF SERVICES
Travel from Boston to New York City for engagement team meetings
Travel from New York City to Boston for engagement team meetings
Travel from Boston to New York City for engagement team meetings
Travel from New York City to Boston for engagement team meetings

HOURS
3.0
2.5
3.5
3.0
12.0


Case 22-10951-CTG

Doc 496-2

Filed 01/30/23

Page 63 of 63

Kabbage, Inc. d/b/a Kservicing
925B Peachtree Street NE
Suite 383
Atlanta, GA 30309

Re:
Code:
PROFESSIONAL
James Nelson
Total Professional Hours and Fees
Less 50% Travel
Total Professional Fees

Travel Time
20006554P00002.1.31
RATE
$945

HOURS
12.0

$

12.0

$
$

FEES
11,340.00
11,340.00
(5,670.00)
5,670.00

File and source

File
gov.uscourts.deb.188293.496.2.pdf
Size
2,617,768 bytes
SHA-256
788084bdcd7c30185fc0efc60f03de293a0cf2f633bdd2fec053a365c82d66a9
Our copy
gov.uscourts.deb.188293.496.2.pdf
Original
archive.org
Back to top