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Order Approving Stipulated Order Regarding

Summary

An order of the U.S. Bankruptcy Court for the District of Delaware in the jointly administered Chapter 11 cases of Kabbage, Inc. d/b/a KServicing, et al., Case No. 22-10951 (CTG), filed January 10, 2023 as Doc 428 and referencing Docket Nos. 336, 355, 357. It approves a Stipulated Order regarding the motion of Customers Bank to compel compliance with a court-approved settlement agreement and order, to require additional adequate protection in favor of Customers Bank, and for related relief. The order states that the Stipulated Order, attached as Exhibit 1, is approved in all respects and its terms are incorporated. It directs the Debtors and Customers Bank to take all actions necessary to effectuate the relief, and is signed by United States Bankruptcy Judge Craig T. Goldblatt.

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Full text

                   Case 22-10951-CTG              Doc 428        Filed 01/10/23         Page 1 of 2




                          IN THE UNITED STATES BANKRUPTCY COURT
                               FOR THE DISTRICT OF DELAWARE

                                                               )
    In re                                                      ) Chapter 11
                                                               )
    KABBAGE, INC. d/b/a KSERVICING, et                         ) Case No. 22-10951 (CTG)
    al.,                                                       )
                                                               )
                                                               )
                                                               ) (Jointly Administered)
                              Debtors.1                        )
                                                               ) Re: Docket Nos. 336, 355, 357
                                                               )

              ORDER APPROVING STIPULATED ORDER REGARDING
     MOTION OF CUSTOMERS BANK FOR ENTRY OF AN ORDER (I) COMPELLING
      COMPLIANCE WITH COURT APPROVED SETTLEMENT AGREEMENT AND
     ORDER; (II) REQUIRING ADDITIONAL ADEQUATE PROTECTION IN FAVOR
         OF CUSTOMERS BANK; AND (III) GRANTING RELATED RELIEF

            Upon consideration of the Stipulated Order Regarding Motion of Customers Bank for Entry

of an Order (I) Compelling Compliance with Court Approved Settlement Agreement and Order; (II)

Requiring Additional Adequate Protection in Favor of Customers Bank; and (III) Granting Related

Relief , a copy of which is attached hereto as Exhibit 1 (the “Stipulated Order”); and the Court having

determined that good and adequate cause exists for approval of the Stipulated Order; it is hereby

ORDERED that:

            1.     The Stipulated Order is approved in all respects and the terms of it shall be deemed

incorporated into this Order.




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.


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                   Case 22-10951-CTG        Doc 428    Filed 01/10/23    Page 2 of 2



         2.        The Debtors and Customers Bank shall take all actions necessary to effectuate the

relief granted in this Order.




   Dated: January 10th, 2023                       CRAIG T. GOLDBLATT
   Wilmington, Delaware                            UNITED STATES BANKRUPTCY JUDGE




                                                   2
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