Pandemic Darlings The pandemic economy, in original documents
Home Source documents Exhibit F: Budget, October 3 Through December 31, 2022 — In re Kabbage, Inc. d/b/a KServicing, Case 22-10951-CTG, Doc. 530-7 (Filed 02/14/23)

Exhibit F: Budget, October 3 Through December 31, 2022 — In re Kabbage, Inc. d/b/a KServicing, Case 22-10951-CTG, Doc. 530-7 (Filed 02/14/23)

Date
2023-02-14

Summary

Exhibit F, a budget filed February 14, 2023 as Doc 530-7 in Case 22-10951-CTG. The two-page table covers October 3, 2022 through December 31, 2022 and lists 35 project categories, each with estimated hours and fees alongside hours billed and fees sought. Categories include AmEx Transaction Investigation, Chapter 11 Plan confirmation, Disclosure Statement/Solicitation/Voting, Settlements, and Non-bankruptcy Litigation (incl. CUBI Dispute), which shows 1,038.90 hours billed and $1,242,887.50 in fees sought. The totals row shows 4,095 estimated hours and $4,308,878.22 in estimated fees against 4,045.20 hours billed and $4,626,527.25 in fees sought.

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

Cite this document

“Exhibit F: Budget, October 3 Through December 31, 2022 — In re Kabbage, Inc. d/b/a KServicing, Case 22-10951-CTG, Doc. 530-7 (Filed 02/14/23).” Original at archive.org, dated 2023-02-14. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2023-02-14-kservicing-bankruptcy-8adb29c4-1/, SHA-256 8adb29c4c438301a27df428601ffafc7d2adcc323339529268fb43cee84138e1.

Full text

                        Case 22-10951-CTG         Doc 530-7      Filed 02/14/23   Page 1 of 2




                                                         Exhibit F

                                                  BUDGET
                                OCTOBER 3, 2022 THROUGH DECEMBER 31, 2022

TASK                 PROJECT CATEGORY                     ESTIMATED     ESTIMATED        HOURS        FEES
CODE                                                        HOURS          FEES          BILLED      SOUGHT
 001    Administrative Expense Claims                        10.00       $10,758.72       15.60     $12,413.00
 002    Adversary Proceedings                                15.00       $16,100.38        0.00        $0.00
 003    AmEx Transaction Investigation                       250.00      $268,590.83      231.40    $247,083.00
 004    Asset Disposition/363 Asset Sales                    10.00       $10,683.33        0.00        $0.00
 005    Automatic Stay                                       10.00       $10,683.33       24.20     $24,129.00
 006    Bar Date and Claims Matters                          55.00       $58,833.62       95.90     $92,905.50
 007    Borrower Matters                                     60.00       $64,175.37        7.80      $8,405.50
 008    Case Administration (WIP List & Case Calendar)       200.00      $214,420.33       71.40    $66,818.50
 009    Chapter 11 Plan/Plan
                                                             255.00      $273,932.57      185.10    $227,561.00
        Confirmation/Implementation
010     Corporate Governance/Securities                      170.00      $182,068.67      263.30    $302,601.50
011     Customer (incl. Partner Banks)/Vendor/Supplier
                                                             45.00        $48,150.35      28.90      $33,607.00
        Matters
012     Cash Management                                      120.00      $129,255.30       28.30    $34,949.00
013     Disclosure Statement/Solicitation/Voting             310.00      $332,690.80      353.50    $392,619.00
014     Employee Matters                                     140.00      $150,471.13      119.80    $123,466.50
015     Exclusivity                                          35.00       $37,843.97       30.80     $24,802.50
016     Executory Contracts/Leases/Real Prop/Other 365
                                                             50.00        $53,416.58      42.10      $43,446.00
        Matters
017     General Case Strategy (incl Team and Client
                                                             500.00      $536,880.00      355.20    $409,253.00
        Calls)
018     Government Investigation Matters (excl.
                                                             25.00        $26,783.72       7.10      $8,540.00
        Settlements)
019     Hearings and Court Matters                           200.00      $213,741.63      188.70     $226,553.50
020     Insurance and Letters of Credit Matters              10.00       $10,758.72        1.10       $1,245.50
021     Non-bankruptcy Litigation (incl. CUBI Dispute)       450.00      $483,010.67     1,038.90   $1,242,887.50
022     Non-working Travel                                   20.00       $21,517.43        5.70       $4,110.75
023     Reclamation / 503(b)(9) claims                        5.00        $5,341.67        0.00         $0.00
024     Regulatory Matters                                   40.00       $42,884.03       21.40      $29,332.00
025     Retention/Billing/Fee Applications: OCP              50.00       $53,718.17       26.90      $28,955.50
026     Retention/Fee Applications: Non-Weil
                                                             80.00        $85,768.07      118.80    $117,576.00
        Professionals
027     Retention/Fee Applications: Weil                     30.00        $32,351.53      70.00      $59,141.00
028     Secured Creditors Issues/Meetings/Comms (excl.
                                                             205.00      $219,460.30      131.80    $165,942.00
        Settlements)
029     Settlements (including 9019 matters)                 465.00      $500,166.78      428.70    $509,636.00
030     Schedules/Statement of Financial Affairs             100.00      $106,983.87       72.60    $83,916.50
031     Tax Matters                                          10.00       $10,683.33       14.20     $21,442.00
032     Unsecured Creditors
                                                             30.00        $32,351.53      19.40      $24,271.50
        Issues/Meetings/Comms/UCC (excl. stlmnts)
033     US Trustee/MORs/2015.3 Reports                       55.00        $59,059.82      29.00      $35,781.00
034     Utility Matters/Adequate Assurance                   5.00          $5,341.67      0.60        $687.00



       WEIL:\99000949\6\55894.0003
                         Case 22-10951-CTG   Doc 530-7     Filed 02/14/23     Page 2 of 2



 035     Servicing Transfer                             0.00          $0.00           17.00      $22,449.50
TOTAL                                               4,095         $4,308,878.22      4,045.20   $4,626,527.25




                                                    2
        WEIL:\99000949\6\55894.0003


File and source

File
gov.uscourts.deb.188293.530.7.pdf
Size
150,373 bytes
SHA-256
8adb29c4c438301a27df428601ffafc7d2adcc323339529268fb43cee84138e1
Our copy
gov.uscourts.deb.188293.530.7.pdf
Original
archive.org
Back to top