Certificate of No Objection, Second Monthly Fee Application of Richards, Layton & Finger — In re Kabbage
Summary
A Certificate of No Objection filed January 25, 2023 as Doc 487 in the jointly administered Chapter 11 cases of Kabbage, Inc. d/b/a KServicing, et al., Case No. 22-10951 (CTG), in the U.S. Bankruptcy Court for the District of Delaware. It concerns the second monthly fee application of Richards, Layton & Finger, P.A., co-counsel to the debtors, for November 1, 2022 through November 30, 2022, filed January 4, 2023 at Docket No. 407. The certificate states that no answer or objection was received by the January 24, 2023 deadline. Under the Interim Compensation Order entered October 21, 2022 [Docket No. 136], the debtors may pay 80% of the fees and 100% of the expenses without a further order. Exhibit A lists fees requested of $288,304.50, expenses of $9,556.64, and fees authorized to be paid of $230,643.60.
Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used
Full text
Case 22-10951-CTG Doc 487 Filed 01/25/23 Page 1 of 4
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. :
------------------------------------------------------------ x Re: Docket No. 407
CERTIFICATE OF NO OBJECTION REGARDING THE SECOND
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 NOVEMBER 1, 2022 THROUGH
NOVEMBER 30, 2022 (NO ORDER REQUIRED)
The undersigned hereby certifies that, as of the date hereof, she has received no answer,
objection or other responsive pleading with respect to the second monthly fee application for
compensation and reimbursement of expenses (the “Monthly Application”) of Richards, Layton
& Finger, P.A. (the “Applicant”). The Monthly Application was filed with the United States
Bankruptcy Court for the District of Delaware (the “Court”) on January 4, 2023. The undersigned
further certifies that she has reviewed the Court’s docket in these cases and no answer, objection
or other responsive pleading to the Monthly Application appears thereon. Pursuant to the Notice
of Fee Application that was attached to the Monthly Application, objections to the Monthly
Application were to be filed and served no later than January 24, 2023 at 4:00 p.m. (ET).
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 28524329v.1
Case 22-10951-CTG Doc 487 Filed 01/25/23 Page 2 of 4
The Monthly Application was filed and served in accordance with the Order Establishing
Procedures for Interim Compensation and Reimbursement of Expenses of Professionals, entered
October 21, 2022 [Docket No. 136] (the “Interim Compensation Order”). Pursuant to the
Interim Compensation Order, the above-captioned debtors and debtors in possession are
authorized to pay the Applicant eighty percent (80%) of the fees and one hundred percent (100%)
of the expenses requested in the Monthly Application upon the filing of this certification without
the need for a further order of the Court. A summary of the fees and expenses sought by the
Applicant is annexed hereto as Exhibit A.
2
RLF1 28524329v.1
Case 22-10951-CTG Doc 487 Filed 01/25/23 Page 3 of 4
Dated: January 25, 2023
Wilmington, Delaware
/s/ Huiqi Liu
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)
Huiqi Liu (No. 6850)
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
liu@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 28524329v.1
Case 22-10951-CTG Doc 487 Filed 01/25/23 Page 4 of 4
EXHIBIT A
Professional Fees and Expenses
Monthly Fee Application
Applicant Fee Total Fees Total Objection Amount of Amount of
Application Requested Expenses Deadline Fees Expenses
Period, Filing Requested Authorized Authorized
Date, Docket to be Paid to be Paid
No. @ 80% @ 100%
Richards, 11/1/22 – $288,304.50 $9,556.64 1/24/23 $230,643.60 $9,556.64
Layton & 11/30/22
Finger, P.A.
1/4/23
(Co-Counsel
to the Docket No.
Debtors) 407
RLF1 28524329v.1File and source
- File
- gov.uscourts.deb.188293.487.0.pdf
- Size
- 182,134 bytes
- SHA-256
- 8a6c72f21e3f5e6521c7e9c416cf18bcba6dd5f3f5f7d5fd9eec94ed4d097219
- Original
- archive.org