Certificate of No Objection re Richards, Layton & Finger Third Monthly Application — In re Kabbage, Inc.
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A certificate of no objection filed February 22, 2023 as Doc 570 in In re Kabbage, Inc. d/b/a KServicing, et al., Case No. 22-10951 (CTG), jointly administered Chapter 11 cases in the U.S. Bankruptcy Court for the District of Delaware. It concerns the third monthly fee application of Richards, Layton & Finger, P.A., co-counsel to the Debtors, for December 1, 2022 through December 31, 2022 [Docket No. 511]. Counsel certifies that no objection was received by the February 21, 2023 deadline and that, under the Interim Compensation Order, the Debtors may pay 80% of fees and 100% of expenses without a further order. Exhibit A lists requested fees of $202,611.50 and expenses of $1,594.74, with $162,089.20 in fees authorized to be paid. It is signed by Richards, Layton & Finger, P.A., with Weil, Gotshal & Manges LLP also named in the signature block.
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Case 22-10951-CTG Doc 570 Filed 02/22/23 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. 511
CERTIFICATE OF NO OBJECTION REGARDING THE THIRD
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 DECEMBER 1, 2022 THROUGH
DECEMBER 31, 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 third 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 February 1, 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 February 21, 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.
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Case 22-10951-CTG Doc 570 Filed 02/22/23 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
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Case 22-10951-CTG Doc 570 Filed 02/22/23 Page 3 of 4
Dated: February 22, 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, Esq. (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
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Case 22-10951-CTG Doc 570 Filed 02/22/23 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, 12/1/22 – $202,611.50 $1,594.74 2/21/23 $162,089.20 $1,594.74
Layton & 12/3122
Finger, P.A.
2/1/23
(Co-Counsel
to the Docket No.
Debtors) 511
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