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Home Source documents Notice of Agenda for Hearing Scheduled for March 13, 2023 — In re Kabbage, Inc. d/b/a KServicing, Case 22-10951-CTG, Doc. 643 (Filed 03/09/23)

Notice of Agenda for Hearing Scheduled for March 13, 2023 — In re Kabbage, Inc. d/b/a KServicing, Case 22-10951-CTG, Doc. 643 (Filed 03/09/23)

Summary

A Notice of Agenda for a hearing scheduled for March 13, 2023 at 10:00 a.m. (Prevailing Eastern Time) before the Honorable Craig T. Goldblatt, filed in Case No. 22-10951 (CTG), the jointly administered chapter 11 cases of Kabbage, Inc. d/b/a KServicing, et al. It states that the hearing will take place in person and sets out the circumstances in which parties may appear by Zoom. Its agenda lists the objections and responses received to confirmation of the debtors' plan, including those of Lead Plaintiffs and Putative Class Members, the United States Trustee, Paul Pietschner, Cross River Bank and the United States, and a joinder by Customers Bank.

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Cite this document

“Notice of Agenda for Hearing Scheduled for March 13, 2023 — In re Kabbage, Inc. d/b/a KServicing, Case 22-10951-CTG, Doc. 643 (Filed 03/09/23).” Original at archive.org. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/gov-uscourts-deb-188293-643-0-889769c00e/, SHA-256 598f3837aed1db2417a8d8ad58fe3aa6e4d89e73f8a15bf5f5c06bddbdc88a52.

Full text

                   Case 22-10951-CTG             Doc 643         Filed 03/09/23       Page 1 of 6




                               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)
                                                             :
                                                             :
                  Debtors.   1
                                                             :         (Jointly Administered)
------------------------------------------------------------ x

                  NOTICE OF AGENDA FOR HEARING SCHEDULED
            FOR MARCH 13, 2023 AT 10:00 A.M. (PREVAILING EASTERN TIME),
           BEFORE THE HONORABLE CRAIG T. GOLDBLATT, AT THE UNITED
           STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE

       THE HEARING WILL BE HELD IN-PERSON IN JUDGE GOLDBLATT’S
     COURTROOM. ALL PARTIES, INCLUDING WITNESSES, ARE EXPECTED TO
        ATTEND IN PERSON UNLESS PERMITTED TO APPEAR VIA ZOOM.
       APPEARANCES AT IN-PERSON COURT PROCEEDINGS USING ZOOM ARE
     ALLOWED ONLY IN THE FOLLOWING CIRCUMSTANCES: (I) A PARTY WHO
        FILES A RESPONSIVE PLEADING INTENDS TO MAKE ONLY A LIMITED
      ARGUMENT; (II) A PARTY WHO HAS NOT SUBMITTED A PLEADING BUT IS
    INTERESTED IN OBSERVING THE HEARING; (III) A PARTY WHO HAS A GOOD
     FAITH HEALTH-RELATED REASON AND HAS OBTAINED PERMISSION FROM
      JUDGE GOLDBLATT’S CHAMBERS TO APPEAR REMOTELY, OR (IV) OTHER
     EXTENUATING CIRCUMSTANCES AS DETERMINED BY JUDGE GOLDBLATT.
                        IF YOU INTEND TO APPEAR VIA ZOOM, YOU ARE
                             REQUIRED TO REGISTER IN ADVANCE.
                PLEASE USE THE FOLLOWING ZOOM REGISTRATION LINK:

     https://debuscourts.zoomgov.com/meeting/register/vJIsce2rpzwqHPfIwHZ2EJIBm8oIndIUrzM


I.         CONFIRMATION:

1.         Amended Joint Chapter 11 Plan of Liquidation of Kabbage, Inc. (d/b/a KServicing) and
           its Affiliated Debtors [Docket No. 627 – filed March 9, 2023]

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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         Confirmation Objection/Response Deadline: February 28, 2023 at 4:00 p.m. (ET);
                                                  extended by agreement to March 2, 2023 at
                                                  4:00 p.m. (ET) for the Federal Reserve

         Confirmation Objections/Responses Received:

         A.        Informal comments received from the Internal Revenue Service (the “IRS”)

         B.        Objection of Lead Plaintiffs and Putative Class Members to Confirmation of
                   Amended Joint Chapter 11 Plan of Kabbage, Inc. d/b/a KServicing and its Debtor
                   Affiliates [Docket No. 548 – filed February 21, 2023]

         C.        United States Trustee’s Limited Objection to Amended Joint Chapter 11 Plan of
                   Liquidation of Kabbage, Inc. (d/b/a KServicing) and its Affiliated Debtors
                   [Docket No. 590 – filed February 28, 2023]

         D.        Objection of Paul Pietschner to Confirmation of Debtors’ Proposed Plan of
                   Liquidation [Docket No. 591 – filed February 28, 2023]

         E.        Limited Objection and Reservation of Rights of Cross River Bank to
                   Confirmation of Debtors’ Chapter 11 Plan [Docket No. 592 – filed February 28,
                   2023]

         F.        United States’ Reservation of Rights and Limited Objection to the Amended Joint
                   Chapter 11 Plan of Liquidation of Kabbage, Inc. (d/b/a KServicing) and its
                   Affiliated Debtors [Docket No. 593 – filed February 28, 2023]

         G.        Joinder of Customers Bank in Limited Objection and Reservation of Rights of
                   Cross River Bank to Confirmation of Debtors’ Chapter 11 Plan [Docket No. 594 –
                   filed February 28, 2023]

         Initial Assumption Notice Objection Deadline:      March 6, 2023 at 4:00 p.m. (ET);
                                                            extended     by   agreement   for
                                                            Salesforce.com, Inc. and Tableau
                                                            Software, LLC to March 7, 2023 at
                                                            4:00 p.m. (ET)

         Initial Assumption Notice Objections Received:

         A.        Informal response received from Salesforce.com, Inc. and Tableau Software, LLC

         B.        Limited Objection of Insperity PEO Services, L.P. to the Assumption of the
                   Service Agreement with the Debtors [Docket No. 607 – filed March 6, 2023]




                                                  2
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           Related Documents:

           i.       Amended Joint Chapter 11 Plan of Liquidation of Kabbage, Inc. (d/b/a
                    KServicing) and its Affiliated Debtors - Solicitation Version [Docket No. 466 –
                    filed January 19, 2023]

           ii.      Amended Disclosure Statement for the Amended Joint Chapter 11 Plan of
                    Liquidation of Kabbage, Inc. (d/b/a KServicing) and its Affiliated Debtors -
                    Solicitation Version [Docket No. 467 – filed January 19, 2023]

           iii.     Order (I) Approving the Disclosure Statement of the Debtors, (II) Establishing
                    Solicitation, Voting, and Related Procedures, (III) Scheduling Confirmation
                    Hearing, (IV) Establishing Notice and Objection Procedures for Confirmation of
                    Plan, (V) Approving Special Electronic Noticing Procedures, (VI) Approving
                    Debtors’ Proposed Cure Procedures for Unexpired Leases and Executory
                    Contracts, and (VII) Granting Related Relief [Docket No. 470 – entered January
                    19, 2023]

           iv.      Notice of (I) Approval of the Disclosure Statement of the Debtors
                    (II) Establishment of Solicitation, Voting, and Related Procedures,
                    (III) Scheduling Confirmation Hearing, (VI) Establishing Notice and Objection
                    Procedures for Confirmation of Plan, (V) Approval of Special Electronic Noticing
                    Procedures for Unexpired Leases and Executory Contracts, and (VII) Granting
                    Related Relief [Docket No. 471 – filed January 20, 2023]

           v.       Notice of Adjournment of Certain Dates Related to Confirmation of Amended
                    Joint Chapter 11 Plan of Liquidation of Kabbage, Inc. (d/b/a KServicing) and its
                    Affiliated Debtors [Docket No. 523 – filed February 10, 2023]

           vi.      Notice of Filing of Supplement to the Amended Joint Chapter 11 Plan of
                    Liquidation of Kabbage, Inc. (d/b/a KServicing) and its Affiliated Debtors
                    [Docket No. 561 – filed February 21, 2023]

           vii.     Notice of Potential Assumption and Cure Amounts in Connection with Contracts
                    and Leases [Docket No. 566 – filed February 22, 2023] (the “Initial Assumption
                    Notice”)

           viii.    Notice of Filing of Second Supplement to the Amended Joint Chapter 11 Plan of
                    Liquidation of Kabbage, Inc. (d/b/a KServicing) and its Affiliated Debtors
                    [Docket No. 611 – filed March 6, 2023]

           ix.      Supplemental Notice of Potential Assumption and Cure Amounts in Connection
                    with Contracts and Leases [Docket No. 612 – filed March 6, 2023] (the
                    “Supplemental Assumption Notice”) 2



2
    The deadline to object to the Supplemental Assumption Notice is March 16, 2023 at 4:00 p.m. (ET).

                                                          3
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         x.        Notice of Rejection of Certain Agreements Pursuant to the Plan [Docket No. 613
                   – filed March 6, 2023]

         xi.       Notice of Blackline of Amended Joint Chapter 11 Plan of Liquidation of
                   Kabbage, Inc. (d/b/a KServicing) and its Affiliated Debtors [Docket No. 628 –
                   filed March 9, 2023]

         xii.      Notice of Filing of Third Supplement to the Amended Joint Chapter 11 Plan of
                   Liquidation of Kabbage, Inc. (d/b/a KServicing) and its Affiliated Debtors
                   [Docket No. 630 – filed March 9, 2023]

         xiii.     Notice of Filing of Proposed Confirmation Order [Docket No. 632 – filed March
                   9, 2023]

         xiv.      Declaration of Salim Kafiti in Support of Confirmation of Amended Joint Chapter
                   11 Plan of Liquidation of Kabbage, Inc. (d/b/a KServicing) and its Affiliated
                   Debtors [Docket No. 633 – filed March 9, 2023]

         xv.       Declaration of Deborah Rieger-Paganis, a Managing Director at AlixPartners,
                   LLP, in Support of Confirmation of Amended Joint Chapter 11 Plan of
                   Liquidation of Kabbage, Inc. (d/b/a KServicing) and its Affiliated Debtors
                   [Docket No. 634 – filed March 9, 2023]

         xvi.      Declaration of Kim D. Steverson of Omni Agent Solutions, Inc. Regarding
                   Solicitation of Votes and Tabulation of Ballots Cast on the Amended Joint
                   Chapter 11 Plan of Liquidation of Kabbage, Inc. (d/b/a KServicing) and its
                   Affiliated Debtors [Docket No. 635 – filed March 9, 2023]

         xvii.     Declaration of Laquisha Milner in Support of Confirmation of Amended Joint
                   Chapter 11 Plan of Liquidation of Kabbage, Inc. (d/b/a KServicing) and its
                   Affiliated Debtors [Docket No. 636 – filed March 9, 2023]

         xviii. Debtors’ (I) Memorandum of Law in Support of Confirmation of Amended Joint
                Chapter 11 Plan of Liquidation of Kabbage, Inc. (d/b/a KServicing) and its
                Affiliated Debtors and (II) Omnibus Reply to Objections Thereto [Docket No.
                637 – filed March 9, 2023]

                   a.     Debtors’ Motion for Entry of an Order Authorizing the Debtors to Exceed
                          the Page Limit Requirement with Respect to the Debtors’ Confirmation
                          Brief [Docket No. 639 – filed March 9, 2023]

         Witness Information:

         i.        Debtors’ Witness List for March 13, 2023 Hearing [Docket No. 641– filed March
                   9, 2023]




                                                  4
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         Exhibit Information:

         i.        Customer Bank’s Exhibit List for the March 13, 2023 Confirmation Hearing at
                   10:00 a.m. [Docket No. 626 – filed March 9, 2023]

         ii.       Debtors’ Exhibit List for March          13,   2023     Confirmation   Hearing
                   [Docket No. 642 – filed March 9, 2023]

         Status: The confirmation hearing will go forward. The Debtors have resolved the
                 informal comments received from the IRS. The Debtors have resolved the formal
                 objection of the United States, but certain informal comments received from the
                 United States remain outstanding. The hearing with respect to any objections to
                 the Initial Assumption Notice is adjourned to the extent not resolved.




                                                 5
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Dated: March 9, 2023
       Wilmington, Delaware
                                       /s/ Amanda R. Steele
                                       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, 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




                                               6
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