In re Kabbage (KServicing) — Notice of AlixPartners Fourth Monthly Fee Application
- Date
- 2023-03-23
Summary
A Notice of Fee Application filed March 3, 2023 as Doc 601-1 in In re Kabbage, Inc. d/b/a KServicing, et al., Case No. 22-10951 (CTG), a jointly administered Chapter 11 case in the U.S. Bankruptcy Court for the District of Delaware. It gives notice that AlixPartners, LLP, the Debtors' financial advisor, filed its Fourth Monthly Application for fees and expenses for January 1, 2023 through January 31, 2023. Objections must be filed under the Interim Compensation Order dated October 21, 2022 [Docket No. 136] by 4:00 p.m. on March 23, 2023. The notice states that absent objections, once a certificate of no objection is filed, the Debtors are authorized to pay 80% of the fees and 100% of the expenses requested without further order. Matthew P. Milana of Richards, Layton & Finger, P.A. signs the three-page notice, which also lists Weil, Gotshal & Manges LLP as counsel for the Debtors.
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Case 22-10951-CTG Doc 601-1 Filed 03/03/23 Page 1 of 3
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. :
: Obj. Deadline: March 23, 2023 at 4:00 p.m. (ET)
------------------------------------------------------------ x
NOTICE OF FEE APPLICATION
PLEASE TAKE NOTICE that AlixPartners, LLP (the “Applicant”) has today
filed the attached 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 (the “Application”) with the United States Bankruptcy Court for the District of Delaware
(the “Court”).
PLEASE TAKE FURTHER NOTICE that objections to the Application, if any,
must be made in accordance with the Order Establishing Procedures for Interim Compensation
and Reimbursement of Expenses of Professionals, dated October 21, 2022 [Docket No. 136] (the
“Interim Compensation Order”) and must be filed with the Clerk of the Court, 824 North
Market Street, 3rd Floor, Wilmington, Delaware 19801 no later than 4:00 p.m. (prevailing
Eastern Time) on March 23, 2023 (the “Objection Deadline”) and served upon and received
by: (i) the Debtors, c/o Kabbage, Inc. d/b/a KServicing, 925B Peachtree Street NE, Suite 383,
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 28675802v.1
Case 22-10951-CTG Doc 601-1 Filed 03/03/23 Page 2 of 3
Atlanta, GA 30309 (Attn: Holly Loiseau, General Counsel (hloiseau@kservicecorp.com));
(b) counsel for the Debtors, (i) Weil, Gotshal & Manges LLP, 767 Fifth Avenue, New York, NY
10153 (Attn: Candace M. Arthur (candace.arthur@weil.com), Natasha S. Hwangpo
(natasha.hwangpo@weil.com), and Chase A. Bentley (chase.bentley@weil.com)) and
(ii) Richards, Layton & Finger, P.A., One Rodney Square, 920 North King Street, Wilmington,
DE 19801 (Attn: Daniel J. DeFranceschi (defranceschi@rlf.com), Amanda R. Steele
(steele@rlf.com), and Zachary I. Shapiro (shapiro@rlf.com)); and (c) the Office of the United
States Trustee for the District of Delaware, 844 King Street, Suite 2207, Wilmington, DE 19801
(Attn: Richard L. Schepacarter (richard.schepacarter@usdoj.gov) and Rosa Sierra-Fox
(rosa.sierra-fox@usdoj.gov)).
PLEASE TAKE FURTHER NOTICE that if no objections to the Application are
filed prior to the Objection Deadline, the Applicant may file a certificate of no objection with the
Court, after which the Debtors shall be authorized by the Interim Compensation Order to pay the
Applicant an amount equal to 80% of the fees and 100% of the expenses requested in the
Application without the need for further order of the Court.
PLEASE TAKE FURTHER NOTICE that if an objection to the Application is
filed prior to the Objection Deadline, the Debtors shall be authorized by the Interim
Compensation Order to pay the Applicant 80% of the fees and 100% of the expenses requested
in the Application not subject to such objection without the need for further order of the Court.
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RLF1 28675802v.1
Case 22-10951-CTG Doc 601-1 Filed 03/03/23 Page 3 of 3
Dated: March 3, 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
3
RLF1 28675802v.1
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