In re Kabbage (KServicing) — Notice of Richards Layton & Finger Fourth Monthly Fee Application
- Date
- 2023-03-28
Summary
A Notice of Fee Application filed March 8, 2023 as Doc 621-1 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 Richards, Layton & Finger, P.A. filed its Fourth Monthly Application for compensation and reimbursement of expenses as co-counsel to the Debtors for the period from 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 28, 2023. If no objection is filed, the notice states the Debtors may pay 80% of the fees and 100% of the expenses requested without further order. The three-page notice is signed by Richards, Layton & Finger, P.A., with the signature block of Weil, Gotshal & Manges LLP, as attorneys for the Debtors.
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Case 22-10951-CTG Doc 621-1 Filed 03/08/23 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 28, 2023 at 4:00 p.m. (ET)
------------------------------------------------------------ x
NOTICE OF FEE APPLICATION
PLEASE TAKE NOTICE that Richards, Layton & Finger, P.A. (the
“Applicant”) has today filed the attached Fourth Monthly Application of Richards, Layton &
Finger, P.A. for Allowance of Compensation for Services Rendered and for Reimbursement of
Expenses as Co-Counsel to the Debtors 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 28, 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 28689956v.1
Case 22-10951-CTG Doc 621-1 Filed 03/08/23 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.
2
RLF1 28689956v.1
Case 22-10951-CTG Doc 621-1 Filed 03/08/23 Page 3 of 3
Dated: March 8, 2023
Wilmington, Delaware
/s/ Amanda R. Steele
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 28689956v.1
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