Notice Of Filing Of Debtors’ First

Summary

A Notice of Filing of Debtors' First Quarterly Statement Regarding Payments Made to Ordinary Course Professionals, covering October 3, 2022 through December 31, 2022, filed January 31, 2023 as Doc 505 in In re Kabbage, Inc. d/b/a KServicing, et al., Case No. 22-10951 (CTG), in the United States Bankruptcy Court for the District of Delaware. The notice recites the Debtors' October 17, 2022 motion to employ ordinary course professionals [Docket No. 110] and the court's November 2, 2022 order granting it [Docket No. 196]. Under paragraph 2(j) of that order, the Debtors submit the First Quarterly Statement as Exhibit A, listing each professional, amounts invoiced and paid by month, aggregate postpetition payments and a description of services. The three-page notice states that later payments for the quarter will be disclosed in future reports.

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“Notice Of Filing Of Debtors’ First.” Original at archive.org. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/gov-uscourts-deb-188293-505-0-49b65fcf48/, SHA-256 b17d4ab129721bf7cbebd268be2a8d4f16f3f26e5267fb15de2620dc3707feb8.

Full text

Case 22-10951-CTG Doc 505 Filed 01/31/23 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)
:
:
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Debtors. : (Jointly Administered)
:
:
------------------------------------------------------------ x

NOTICE OF FILING OF DEBTORS’ FIRST
QUARTERLY STATEMENT REGARDING PAYMENTS MADE
TO ORDINARY COURSE PROFESSIONALS FOR SERVICES RENDERED
DURING THE PERIOD OCTOBER 3, 2022 THROUGH DECEMBER 31, 2022

PLEASE TAKE NOTICE that on October 17, 2022, the above-captioned debtors

in possession (collectively, the “Debtors”) filed the Motion of Debtors for Authority to Employ

Professionals Used in Ordinary Course of Business [Docket No. 110] (the “Motion”) with the

United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). Pursuant

to the Motion, the Debtors sought entry of an order authorizing the Debtors to retain and

compensate certain professionals utilized in the ordinary course of the Debtors’ business

(the “Ordinary Course Professionals”).

PLEASE TAKE FURTHER NOTICE that on November 2, 2022, the

Bankruptcy Court entered the Order Authorizing Debtors to Employ Professionals Used in

Ordinary Course of Business [Docket No. 196] (the “Order”) granting the relief requested in the

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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 505 Filed 01/31/23 Page 2 of 3

Motion. Pursuant to the Order, the Debtors are authorized, but not required, to retain and pay

certain Ordinary Course Professionals.

PLEASE TAKE FURTHER NOTICE that, pursuant to paragraph 2(j) of the

Order, the Debtors hereby submit the report attached hereto as Exhibit A (the “First Quarterly

Statement”) which contains the following information: (i) the name of each Ordinary Course

Professional; (ii) the amounts invoiced and paid as compensation for services rendered and

reimbursement of expenses incurred by that Ordinary Course Professional during the period of

October 3, 2022 through and including December 31, 2022 (the “Quarter”) by month; (iii) the

aggregate amount of postpetition payments made to each Ordinary Course Professional through

the end of the Quarter; and (iv) a general description of the services rendered by each Ordinary

Course Professional. The Debtors will serve a copy of this Notice, including the First Quarterly

Statement, on the Reviewing Parties (as defined in the Order).

PLEASE TAKE FURTHER NOTICE that the Debtors may pay for services

rendered and expenses incurred by any Ordinary Course Professional during the Quarter at a later

date, and any such payments will be disclosed in future reports.

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Case 22-10951-CTG Doc 505 Filed 01/31/23 Page 3 of 3

Dated: January 31, 2023
Wilmington, Delaware

/s/ Matthew P. Milana
RICHARDS, LAYTON & FINGER, P.A.
Daniel J. DeFranceschi, Esq. (No. 2732)
Amanda R. Steele (No. 5530)
Zachary I. Shapiro (No. 5103)
Matthew P. Milana (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 (admitted pro hac vice)
Natasha S. Hwangpo (admitted pro hac vice)
Chase A. Bentley (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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