KServicing - Second Removal Extension Motion as Filed

Summary

Proposed Order (Exhibit A to Doc 799-2, four pages) on the Debtors' second motion to extend the removal deadline, filed May 2, 2023 in In re Kabbage, Inc. d/b/a KServicing, et al., Case No. 22-10951 (CTG), U.S. Bankruptcy Court for the District of Delaware. The motion asks to extend by 120 days the deadline for the Debtors and, after the Effective Date, the Wind Down Estates to file notices of removal under Bankruptcy Rule 9027(a), from May 3, 2023 through and including August 31, 2023. The proposed order would grant the motion, set August 31, 2023 as the new Removal Deadline, and preserve the right to seek a further extension. It also preserves positions on whether section 362 stays pending litigation.

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Full text

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Exhibit A

 Proposed Order
Case 22-10951-CTG    Doc 799-2    Filed 05/02/23    Page 1 of 4

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UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
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:

In re
:
Chapter 11

:

KABBAGE, INC. d/b/a KSERVICING, et al., :
Case No. 22-10951 (CTG)

:

:

Debtors.1
:
(Jointly Administered)

:
:

Re: Docket No. __
------------------------------------------------------------ x

ORDER (I) FURTHER EXTENDING THE
DEADLINE BY WHICH THE DEBTORS MAY REMOVE
CIVIL ACTIONS, AND (II) GRANTING RELATED RELIEF
Upon the motion (the “Motion”)2 of Kabbage Inc. d/b/a KServicing and its debtor
affiliates, as debtors and debtors in possession in the Chapter 11 Cases (collectively,
the “Debtors”), for entry of an order (i) further extending the deadline by which the Debtors and,
after the Effective Date, the Wind Down Estates may file notices of removal under Bankruptcy
Rule 9027(a) (the “Removal Deadline”) by 120 days from the current deadline of May 3, 2023,
through and including August 31, 2023, and (ii) granting related relief, all as more fully set forth
in the Motion; and the Court having jurisdiction to consider the Motion and the relief requested
therein pursuant to 28 U.S.C. §§ 157(a)–(b) and 1334(b), and the Amended Standing Order of
Reference from the United States District Court for the District of Delaware, dated February 29,

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  Capitalized terms used but not defined herein shall have the respective meanings ascribed to such terms in the
Motion.
Case 22-10951-CTG    Doc 799-2    Filed 05/02/23    Page 2 of 4

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2012; and consideration of the Motion and the requested relief being a core proceeding pursuant
to 28 U.S.C. § 157(b); and venue being proper before this Court pursuant to 28 U.S.C. §§ 1408
and 1409; and due and proper notice of the Motion having been provided to the Notice Parties;
and such notice having been adequate and appropriate under the circumstances; and it appearing
that no other or further notice need be provided; and upon any hearing to consider the relief
requested in the Motion (the “Hearing”), if necessary; and upon the record of the Hearing, if any;
and this Court having determined that the legal and factual bases set forth in the Motion establish
just cause for the relief granted herein; and it appearing that the relief requested in the Motion is
in the best interests of the Debtors, their estates, creditors, and all parties in interest; and upon all
of the proceedings had before the Court and after due deliberation and sufficient cause appearing
therefor,
IT IS HEREBY ORDERED THAT
1.
The Motion is granted to the extent set forth herein.
2.
The Removal Deadline is extended through and including August 31, 2023.
3.
This Order shall be without prejudice to (i) any position the Debtors, the
Wind Down Estates, or the Wind Down Officer (on behalf of the Wind Down Estates) may take
regarding whether section 362 of the Bankruptcy Code applies to stay any litigation pending
against the Debtors, or (ii) the right of the Debtors and the Wind Down Estates to seek a further
extension of the Removal Deadline.
4.
Notwithstanding entry of this Order, nothing herein shall create, nor is
intended to create, any rights in favor of or enhance the status of any claim held by any party.
5.
The Debtors are authorized to take all action necessary to effectuate the
relief granted in this Order.
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6.
The Court shall retain jurisdiction to hear and determine all matters arising
from or related to the implementation, interpretation, or enforcement of this Order.

Case 22-10951-CTG    Doc 799-2    Filed 05/02/23    Page 4 of 4

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