Notice of Filing of Debtors’ Second Quarterly Statement Regarding Payments to Ordinary Course Professionals

Summary

A Notice of Filing of Debtors' Second Quarterly Statement Regarding Payments Made to Ordinary Course Professionals for Services Rendered During the Period January 1, 2023 Through March 31, 2023 (Doc 797), in Case No. 22-10951 (CTG), the jointly administered chapter 11 cases of Kabbage, Inc. d/b/a KServicing, et al. It states that on October 17, 2022 the debtors filed the Motion of Debtors for Authority to Employ Professionals Used in Ordinary Course of Business [Docket No. 110]. The notice is filed under that motion. The payment schedule itself is not in the text read.

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Cite this document

“Notice of Filing of Debtors’ Second Quarterly Statement Regarding Payments to Ordinary Course Professionals.” Original at archive.org. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/gov-uscourts-deb-188293-797-0-a097cd395a/, SHA-256 7a36576a9f9705ad9d7c647f5c8b788036ee63c5d3bcdbffeca8e8fb3793737e.

Full text

Case 22-10951-CTG Doc 797 Filed 04/28/23 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’ SECOND
QUARTERLY STATEMENT REGARDING PAYMENTS MADE
TO ORDINARY COURSE PROFESSIONALS FOR SERVICES RENDERED
DURING THE PERIOD JANUARY 1, 2023 THROUGH MARCH 31, 2023

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 797 Filed 04/28/23 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 “Second 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

January 1, 2023 through and including March 31, 2023 (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 Second 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 797 Filed 04/28/23 Page 3 of 3

Dated: April 28, 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 (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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RLF1 28909970V.2

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Our copy: gov.uscourts.deb.188293.797.0.pdf
Original: archive.org