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.
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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
- Original
- archive.org