Notice Of Blacklines Of (I) Amended Joint Chapter 11 Plan
Summary
A notice of blacklines filed January 17, 2023 as Doc 455 in In re Kabbage, Inc. d/b/a KServicing, et al., Case No. 22-10951 (CTG), jointly administered Chapter 11 cases in the United States Bankruptcy Court for the District of Delaware. It recounts that the debtors filed their Joint Chapter 11 Plan of Liquidation on October 4, 2022 and its Disclosure Statement on October 5, 2022, amended versions on December 30, 2022, and second amended versions on January 17, 2023. The notice attaches a blackline of the Second Amended Plan against the Amended Plan as Exhibit 1 and a blackline of the Second Amended Disclosure Statement as Exhibit 2. It states the debtors reserve the right to amend the documents, which remain subject to ongoing negotiations with stakeholders. It is signed by Matthew P. Milana of Richards, Layton & Finger, P.A., counsel for the debtors.
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Case 22-10951-CTG Doc 455 Filed 01/17/23 Page 1 of 3
UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
------------------------------------------------------------ x
: Chapter 11
In re :
: Case No. 22-10951 (CTG)
KABBAGE, INC. d/b/a KSERVICING, et al., :
: (Jointly Administered)
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Debtors. :
:
: Re: Docket Nos. 14, 63, 395, 396, 453 & 454
------------------------------------------------------------ x
NOTICE OF BLACKLINES OF (I) AMENDED JOINT CHAPTER 11 PLAN
OF LIQUIDATION OF KABBAGE, INC. (d/b/a KSERVICING) AND ITS
AFFILIATED DEBTORS AND (II) AMENDED DISCLOSURE STATEMENT
FOR THE JOINT CHAPTER 11 PLAN OF LIQUIDATION OF
KABBAGE, INC. (d/b/a KSERVICING) AND ITS AFFILIATED DEBTORS
PLEASE TAKE NOTICE THAT on October 4, 2022, Kabbage, Inc. d/b/a
KServicing and its debtor affiliates, as debtors and debtors in possession in the above-captioned
chapter 11 cases (collectively, the “Debtors”), filed the Joint Chapter 11 Plan of Liquidation of
Kabbage, Inc. (d/b/a KServicing) and its Affiliated Debtors [Docket No. 14] (the “Plan”) with the
United States Bankruptcy Court for the District of Delaware (the “Court”).
PLEASE TAKE FURTHER NOTICE THAT on October 5, 2022, the Debtors filed
the Disclosure Statement for the Joint Chapter 11 Plan of Liquidation of Kabbage, Inc. (d/b/a
KServicing) and its Affiliated Debtors [Docket No. 63] (the “Disclosure Statement”) with the
Court.
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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 455 Filed 01/17/23 Page 2 of 3
PLEASE TAKE FURTHER NOTICE THAT on December 30, 2022, the Debtors
filed an amended version of the Plan [Docket No. 395] (the “Amended Plan”) and an amended
version of the Disclosure Statement [Docket No. 396] (the “Amended Disclosure Statement”).
PLEASE TAKE FURTHER NOTICE THAT on January 17, 2023, the Debtors
filed a second amended version of the Plan [Docket No. 453] (the “Second Amended Plan”) and
a second amended version of the Disclosure Statement [Docket No. 454] (the “Second Amended
Disclosure Statement”).
PLEASE TAKE FURTHER NOTICE THAT, for the convenience of the Court and
all parties in interest, a blackline comparison of the Second Amended Plan marked against the
Amended Plan is attached hereto as Exhibit 1, and a blackline comparison of the Second Amended
Disclosure Statement marked against the Amended Disclosure Statement is attached hereto as
Exhibit 2.
PLEASE TAKE FURTHER NOTICE THAT the Debtors reserve the right to
amend, modify, or supplement the Second Amended Plan and the Second Amended Disclosure
Statement. To the extent that the Debtors make further revisions to the Second Amended Plan or
the Second Amended Disclosure Statement, the Debtors will file further revised copies of such
documents with the Court.
PLEASE TAKE FURTHER NOTICE THAT the Second Amended Plan and the
Second Amended Disclosure Statement are subject to ongoing negotiations between the Debtors
and their stakeholders.
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Case 22-10951-CTG Doc 455 Filed 01/17/23 Page 3 of 3
Dated: January 17, 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, P.C. (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
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