In re Kabbage — Certificate of No Objection (Fourth Monthly Application of AlixPartners)
- Date
- 2023-03-03
Summary
A Certificate of No Objection filed March 24, 2023 as Doc 725 in the jointly administered Chapter 11 cases of Kabbage, Inc. d/b/a KServicing, et al., Case No. 22-10951 (CTG), in the U.S. Bankruptcy Court for the District of Delaware. It concerns the fourth monthly fee application of AlixPartners, LLP, financial advisor to the debtors, for January 1, 2023 through January 31, 2023, filed March 3, 2023 at Docket No. 601. The certificate states that no answer or objection was received by the March 23, 2023 deadline. Under the Interim Compensation Order entered October 21, 2022 [Docket No. 136], the debtors may pay 80% of the fees and 100% of the expenses without a further order. Exhibit A lists fees requested of $536,741.00, expenses of $1,143.16, and fees authorized to be paid of $429,392.80.
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 725 Filed 03/24/23 Page 1 of 4
UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
------------------------------------------------------------ x
In re : Chapter 11
:
KABBAGE, INC. d/b/a KSERVICING, et al., : Case No. 22-10951 (CTG)
:
: (Jointly Administered)
1
Debtors. :
------------------------------------------------------------ x Re: Docket No. 601
CERTIFICATE OF NO OBJECTION REGARDING THE FOURTH
MONTHLY APPLICATION OF ALIXPARTNERS, LLP, FINANCIAL
ADVISOR TO THE CHAPTER 11 DEBTORS, FOR ALLOWANCE OF
COMPENSATION FOR PROFESSIONAL SERVICES RENDERED AND
REIMBURSEMENT OF EXPENSES INCURRED FOR THE PERIOD FROM
JANUARY 1, 2023 THROUGH JANUARY 31, 2023 (NO ORDER REQUIRED)
The undersigned hereby certifies that, as of the date hereof, she has received no answer,
objection or other responsive pleading with respect to the fourth monthly fee application for
compensation and reimbursement of expenses (the “Monthly Application”) of AlixPartners, LLP
(the “Applicant”). The Monthly Application was filed with the United States Bankruptcy Court
for the District of Delaware (the “Court”) on March 3, 2023. The undersigned further certifies
that she has reviewed the Court’s docket in these cases and no answer, objection or other
responsive pleading to the Monthly Application appears thereon. Pursuant to the Notice of Fee
Application that was attached to the Monthly Application, objections to the Monthly Application
were to be filed and served no later than March 23, 2023 at 4:00 p.m. (ET).
1
The Debtors in these chapter 11 cases, along with the last four digits of each Debtor’s federal tax identification
number, as applicable are: Kabbage, Inc. d/b/a KServicing (3937); Kabbage Canada Holdings, LLC (N/A); Kabbage
Asset Securitization LLC (N/A); Kabbage Asset Funding 2017-A LLC (4803); Kabbage Asset Funding 2019-A
LLC (8973); and Kabbage Diameter, LLC (N/A). Kabbage is a trademark of American Express used under license;
Kabbage, Inc. d/b/a KServicing is not affiliated with American Express. The Debtors’ mailing and service address
is 925B Peachtree Street NE, Suite 383, Atlanta, GA 30309.
RLF1 28775244v.1
Case 22-10951-CTG Doc 725 Filed 03/24/23 Page 2 of 4
The Monthly Application was filed and served in accordance with the Order Establishing
Procedures for Interim Compensation and Reimbursement of Expenses of Professionals, entered
October 21, 2022 [Docket No. 136] (the “Interim Compensation Order”). Pursuant to the
Interim Compensation Order, the above-captioned debtors and debtors in possession are
authorized to pay the Applicant eighty percent (80%) of the fees and one hundred percent (100%)
of the expenses requested in the Monthly Application upon the filing of this certification without
the need for a further order of the Court. A summary of the fees and expenses sought by the
Applicant is annexed hereto as Exhibit A.
2
RLF1 28775244v.1
Case 22-10951-CTG Doc 725 Filed 03/24/23 Page 3 of 4
Dated: March 24, 2023
Wilmington, Delaware
/s/ Huiqi Liu
RICHARDS, LAYTON & FINGER, P.A.
Daniel J. DeFranceschi, Esq. (No. 2732)
Amanda R. Steele, Esq. (No. 5530)
Zachary I. Shapiro, Esq. (No. 5103)
Matthew P. Milana, Esq. (No. 6681)
Huiqi Liu, Esq. (No. 6850)
One Rodney Square
920 North King Street
Wilmington, Delaware 19801
Telephone: (302) 651-7700
E-mail: defranceschi@rlf.com
steele@rlf.com
shapiro@rlf.com
milana@rlf.com
liu@rlf.com
-and-
WEIL, GOTSHAL & MANGES LLP
Ray C. Schrock, Esq. (admitted pro hac vice)
Candace M. Arthur, Esq. (admitted pro hac vice)
Natasha S. Hwangpo, Esq. (admitted pro hac vice)
Chase A. Bentley, Esq. (admitted pro hac vice)
767 Fifth Avenue
New York, New York 10153
Telephone: (212) 310-8000
E-mail: ray.schrock@weil.com
candace.arthur@weil.com
natasha.hwangpo@weil.com
chase.bentley@weil.com
Attorneys for Debtors
and Debtors in Possession
3
RLF1 28775244v.1
Case 22-10951-CTG Doc 725 Filed 03/24/23 Page 4 of 4
EXHIBIT A
Professional Fees and Expenses
Monthly Fee Application
Applicant Fee Total Fees Total Objection Amount of Amount of
Application Requested Expenses Deadline Fees Expenses
Period, Filing Requested Authorized Authorized
Date, Docket to be Paid to be Paid
No. @ 80% @ 100%
AlixPartners, 1/1/23 – $536,741.00 $1,143.16 3/23/23 $429,392.80 $1,143.16
LLP 1/31/23
(Financial 3/3/23
Advisor to
the Chapter Docket No.
11 Debtors) 601
RLF1 28775244v.1
File and source
- File
- gov.uscourts.deb.188293.725.0.pdf
- Size
- 180,426 bytes
- SHA-256
- f213fe9a1b9f8c96cfe1c07b40cae0b57f3e4a28e5bfb65cb5757d2c7f8f6062
- Original
- archive.org