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Summary

A Second Amended Notice of Agenda, Doc 657, filed March 13, 2023 by the Debtors 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 sets the agenda for a March 13, 2023 hearing at 11:00 A.M. before Judge Craig T. Goldblatt, held in person with limited Zoom appearances. The single matter is confirmation of the Amended Joint Chapter 11 Plan of Liquidation [Docket No. 627]; the notice lists the objections received, including those of the United States Trustee and Cross River Bank, along with related documents, witness lists and exhibit lists. The status section states that the confirmation hearing will go forward and that several objections have been resolved. It is signed by Richards, Layton & Finger, P.A. and Weil, Gotshal & Manges LLP as counsel for the Debtors.

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                   Case 22-10951-CTG             Doc 657         Filed 03/13/23       Page 1 of 6




                               UNITED STATES BANKRUPTCY COURT
                                    DISTRICT OF DELAWARE

------------------------------------------------------------ x
In re                                                        :         Chapter 11
                                                             :
KABBAGE, INC. d/b/a KSERVICING, et al., :                              Case No. 22-10951 (CTG)
                                                             :
                                                             :
                  Debtors.   1                               :         (Jointly Administered)
------------------------------------------------------------ x

         SECOND AMENDED 2 NOTICE OF AGENDA FOR HEARING SCHEDULED
           FOR MARCH 13, 2023 AT 11:00 A.M. (PREVAILING EASTERN TIME),
          BEFORE THE HONORABLE CRAIG T. GOLDBLATT, AT THE UNITED
          STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE


                PLEASE NOTE: THE HEARING WILL BEGIN AT 11:00 A.M. (ET)


       THE HEARING WILL BE HELD IN-PERSON IN JUDGE GOLDBLATT’S
     COURTROOM. ALL PARTIES, INCLUDING WITNESSES, ARE EXPECTED TO
        ATTEND IN PERSON UNLESS PERMITTED TO APPEAR VIA ZOOM.
       APPEARANCES AT IN-PERSON COURT PROCEEDINGS USING ZOOM ARE
     ALLOWED ONLY IN THE FOLLOWING CIRCUMSTANCES: (I) A PARTY WHO
        FILES A RESPONSIVE PLEADING INTENDS TO MAKE ONLY A LIMITED
      ARGUMENT; (II) A PARTY WHO HAS NOT SUBMITTED A PLEADING BUT IS
    INTERESTED IN OBSERVING THE HEARING; (III) A PARTY WHO HAS A GOOD
     FAITH HEALTH-RELATED REASON AND HAS OBTAINED PERMISSION FROM
      JUDGE GOLDBLATT’S CHAMBERS TO APPEAR REMOTELY, OR (IV) OTHER
     EXTENUATING CIRCUMSTANCES AS DETERMINED BY JUDGE GOLDBLATT.
                        IF YOU INTEND TO APPEAR VIA ZOOM, YOU ARE
                             REQUIRED TO REGISTER IN ADVANCE.
                PLEASE USE THE FOLLOWING ZOOM REGISTRATION LINK:

    https://debuscourts.zoomgov.com/meeting/register/vJIsce2rpzwqHPfIwHZ2EJIBm8oIndIUrzM


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.
2
    Amended items appear in bold.


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I.       CONFIRMATION:

1.       Amended Joint Chapter 11 Plan of Liquidation of Kabbage, Inc. (d/b/a KServicing) and
         its Affiliated Debtors [Docket No. 627 – filed March 9, 2023]

         Confirmation Objection/Response Deadline: February 28, 2023 at 4:00 p.m. (ET);
                                                  extended by agreement to March 2, 2023 at
                                                  4:00 p.m. (ET) for the Federal Reserve

         Confirmation Objections/Responses Received:

         A.        Informal comments received from the Internal Revenue Service (the “IRS”)

         B.        Objection of Lead Plaintiffs and Putative Class Members to Confirmation of
                   Amended Joint Chapter 11 Plan of Kabbage, Inc. d/b/a KServicing and its Debtor
                   Affiliates [Docket No. 548 – filed February 21, 2023] (the “Carr Plaintiffs
                   Objection”)

         C.        United States Trustee’s Limited Objection to Amended Joint Chapter 11 Plan of
                   Liquidation of Kabbage, Inc. (d/b/a KServicing) and its Affiliated Debtors
                   [Docket No. 590 – filed February 28, 2023]

         D.        Objection of Paul Pietschner to Confirmation of Debtors’ Proposed Plan of
                   Liquidation [Docket No. 591 – filed February 28, 2023] (the “Pietschner
                   Objection”)

         E.        Limited Objection and Reservation of Rights of Cross River Bank to
                   Confirmation of Debtors’ Chapter 11 Plan [Docket No. 592 – filed February 28,
                   2023]

         F.        United States’ Reservation of Rights and Limited Objection to the Amended Joint
                   Chapter 11 Plan of Liquidation of Kabbage, Inc. (d/b/a KServicing) and its
                   Affiliated Debtors [Docket No. 593 – filed February 28, 2023]

         G.        Joinder of Customers Bank in Limited Objection and Reservation of Rights of
                   Cross River Bank to Confirmation of Debtors’ Chapter 11 Plan [Docket No. 594 –
                   filed February 28, 2023]

         Initial Assumption Notice Objection Deadline:      March 6, 2023 at 4:00 p.m. (ET);
                                                            extended     by   agreement   for
                                                            Salesforce.com, Inc. and Tableau
                                                            Software, LLC to March 7, 2023 at
                                                            4:00 p.m. (ET)

         Initial Assumption Notice Objections Received:

         A.        Informal response received from Salesforce.com, Inc. and Tableau Software, LLC



                                                  2
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         B.        Limited Objection of Insperity PEO Services, L.P. to the Assumption of the
                   Service Agreement with the Debtors [Docket No. 607 – filed March 6, 2023]

         Related Documents:

         i.        Amended Joint Chapter 11 Plan of Liquidation of Kabbage, Inc. (d/b/a
                   KServicing) and its Affiliated Debtors - Solicitation Version [Docket No. 466 –
                   filed January 19, 2023]

         ii.       Amended Disclosure Statement for the Amended Joint Chapter 11 Plan of
                   Liquidation of Kabbage, Inc. (d/b/a KServicing) and its Affiliated Debtors -
                   Solicitation Version [Docket No. 467 – filed January 19, 2023]

         iii.      Order (I) Approving the Disclosure Statement of the Debtors, (II) Establishing
                   Solicitation, Voting, and Related Procedures, (III) Scheduling Confirmation
                   Hearing, (IV) Establishing Notice and Objection Procedures for Confirmation of
                   Plan, (V) Approving Special Electronic Noticing Procedures, (VI) Approving
                   Debtors’ Proposed Cure Procedures for Unexpired Leases and Executory
                   Contracts, and (VII) Granting Related Relief [Docket No. 470 – entered January
                   19, 2023]

         iv.       Notice of (I) Approval of the Disclosure Statement of the Debtors
                   (II) Establishment of Solicitation, Voting, and Related Procedures,
                   (III) Scheduling Confirmation Hearing, (VI) Establishing Notice and Objection
                   Procedures for Confirmation of Plan, (V) Approval of Special Electronic Noticing
                   Procedures for Unexpired Leases and Executory Contracts, and (VII) Granting
                   Related Relief [Docket No. 471 – filed January 20, 2023]

         v.        Notice of Adjournment of Certain Dates Related to Confirmation of Amended
                   Joint Chapter 11 Plan of Liquidation of Kabbage, Inc. (d/b/a KServicing) and its
                   Affiliated Debtors [Docket No. 523 – filed February 10, 2023]

         vi.       Notice of Filing of Supplement to the Amended Joint Chapter 11 Plan of
                   Liquidation of Kabbage, Inc. (d/b/a KServicing) and its Affiliated Debtors
                   [Docket No. 561 – filed February 21, 2023]

         vii.      Notice of Potential Assumption and Cure Amounts in Connection with Contracts
                   and Leases [Docket No. 566 – filed February 22, 2023] (the “Initial Assumption
                   Notice”)

         viii.     Notice of Filing of Second Supplement to the Amended Joint Chapter 11 Plan of
                   Liquidation of Kabbage, Inc. (d/b/a KServicing) and its Affiliated Debtors
                   [Docket No. 611 – filed March 6, 2023]




                                                   3
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           ix.      Supplemental Notice of Potential Assumption and Cure Amounts in Connection
                    with Contracts and Leases [Docket No. 612 – filed March 6, 2023] (the
                    “Supplemental Assumption Notice”) 3

           x.       Notice of Rejection of Certain Agreements Pursuant to the Plan [Docket No. 613
                    – filed March 6, 2023]

           xi.      Notice of Blackline of Amended Joint Chapter 11 Plan of Liquidation of
                    Kabbage, Inc. (d/b/a KServicing) and its Affiliated Debtors [Docket No. 628 –
                    filed March 9, 2023]

           xii.     Notice of Filing of Third Supplement to the Amended Joint Chapter 11 Plan of
                    Liquidation of Kabbage, Inc. (d/b/a KServicing) and its Affiliated Debtors
                    [Docket No. 630 – filed March 9, 2023]

           xiii.    Notice of Filing of Proposed Confirmation Order [Docket No. 632 – filed March
                    9, 2023]

           xiv.     Declaration of Salim Kafiti in Support of Confirmation of Amended Joint Chapter
                    11 Plan of Liquidation of Kabbage, Inc. (d/b/a KServicing) and its Affiliated
                    Debtors [Docket No. 633 – filed March 9, 2023]

           xv.      Declaration of Deborah Rieger-Paganis, a Managing Director at AlixPartners,
                    LLP, in Support of Confirmation of Amended Joint Chapter 11 Plan of
                    Liquidation of Kabbage, Inc. (d/b/a KServicing) and its Affiliated Debtors
                    [Docket No. 634 – filed March 9, 2023]

           xvi.     Declaration of Kim D. Steverson of Omni Agent Solutions, Inc. Regarding
                    Solicitation of Votes and Tabulation of Ballots Cast on the Amended Joint
                    Chapter 11 Plan of Liquidation of Kabbage, Inc. (d/b/a KServicing) and its
                    Affiliated Debtors [Docket No. 635 – filed March 9, 2023]

           xvii.    Declaration of Laquisha Milner in Support of Confirmation of Amended Joint
                    Chapter 11 Plan of Liquidation of Kabbage, Inc. (d/b/a KServicing) and its
                    Affiliated Debtors [Docket No. 636 – filed March 9, 2023]

           xviii. Debtors’ (I) Memorandum of Law in Support of Confirmation of Amended Joint
                  Chapter 11 Plan of Liquidation of Kabbage, Inc. (d/b/a KServicing) and its
                  Affiliated Debtors and (II) Omnibus Reply to Objections Thereto [Docket No.
                  637 – filed March 9, 2023]

                    a.      Debtors’ Motion for Entry of an Order Authorizing the Debtors to Exceed
                            the Page Limit Requirement with Respect to the Debtors’ Confirmation
                            Brief [Docket No. 639 – filed March 9, 2023]



3
    The deadline to object to the Supplemental Assumption Notice is March 16, 2023 at 4:00 p.m. (ET).

                                                          4
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          xix.      Notice of Filing of Revised Proposed Confirmation Order [Docket No. 655 –
                    filed March 12, 2023]

         Witness Information:

         i.        Debtors’ Witness List for March 13, 2023 Hearing [Docket No. 641– filed March
                   9, 2023]

         ii.       Cross River Bank’s Witness List for the March 13, 2023 Confirmation Hearing at
                   10:00 a.m. [Docket No. 649 – filed March 10, 2023]

         Exhibit Information:

         i.        Customer Bank’s Exhibit List for the March 13, 2023 Confirmation Hearing at
                   10:00 a.m. [Docket No. 626 – filed March 9, 2023]

         ii.       Debtors’ Exhibit List for March          13,   2023     Confirmation   Hearing
                   [Docket No. 642 – filed March 9, 2023]

         iii.      Cross River Bank’s Exhibit List for the March 13, 2023 Confirmation Hearing at
                   10:00 a.m. [Docket No. 650 – filed March 10, 2023]

         Status: The confirmation hearing will go forward. The Debtors have resolved the
                 informal comments received from the IRS. The Debtors have resolved the formal
                 objection of the United States, but certain informal comments received from the
                 United States remain outstanding. The Debtors have resolved the Carr Plaintiffs
                 Objection and the Pietschner Objection. The hearing with respect to any
                 objections to the Initial Assumption Notice is adjourned to the extent not
                 resolved.




                                                  5
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Dated: March 13, 2023
       Wilmington, Delaware
                                       /s/ Matthew P. Milana
                                       RICHARDS, LAYTON & FINGER, P.A.
                                       Daniel J. DeFranceschi, Esq. (No. 2732)
                                       Amanda R. Steele, Esq. (No. 5530)
                                       Zachary I. Shapiro, Esq. (No. 5103)
                                       Matthew P. Milana, Esq. (No. 6681)
                                       One Rodney Square
                                       920 North King Street
                                       Wilmington, Delaware 19801
                                       Telephone: (302) 651-7700
                                       E-mail: defranceschi@rlf.com
                                               steele@rlf.com
                                               shapiro@rlf.com
                                               milana@rlf.com


                                       -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




                                               6
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