Omnibus Order Awarding — Allowance of Compensation for Services Rendered — KServicing Wind Down Corp. (Doc 966)

Summary

In the United States Bankruptcy Court District of Delaware, In re KServicing Wind Down Corp., et al., Post-Confirmation Debtors, Case No. 22-10951 (CTG), Doc 966 filed 09/05/23 is an Omnibus Order Awarding Final Allowance of Compensation for Services Rendered and Reimbursement of Expenses, regarding Docket Nos. 914 through 919. The order grants and approves each Final Fee Application and allows the Applicants compensation on a final basis in the amounts on Exhibit A, which is not included in this text. It orders that, to the extent not already paid, each Applicant be paid 100% of the fees and expenses approved, subject to the Plan, and states that the order is a separate order for each application. It is dated September 5th, 2023 and signed by name by Craig T. Goldblatt, United States Bankruptcy Judge.

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                   Case 22-10951-CTG             Doc 966         Filed 09/05/23       Page 1 of 3




                               UNITED STATES BANKRUPTCY COURT
                                    DISTRICT OF DELAWARE

------------------------------------------------------------ x
In re                                                        :         Chapter 11
                                                             :
KServicing Wind Down Corp., et al.,                          :         Case No. 22-10951 (CTG)
                                                             :
                                                             :         (Jointly Administered)
                  Post-Confirmation Debtors.1                :
------------------------------------------------------------ x         Re: Docket Nos. 914, 915, 916, 917, 918 & 919

                             OMNIBUS ORDER AWARDING FINAL
                        ALLOWANCE OF COMPENSATION FOR SERVICES
                        RENDERED AND REIMBURSEMENT OF EXPENSES

           Upon consideration of the final applications (each a “Final Fee Application” and,

collectively, the “Final Fee Applications”) of those professionals listed on Exhibit A attached

hereto (each an “Applicant” and, collectively, the “Applicants”), pursuant to sections 330(a) and

331 of title 11 of the United States Code, rule 2016 of the Federal Rules of Bankruptcy Procedure,

and rule 2016-2 of the Local Rules of Bankruptcy Practice and Procedure of the United States

Bankruptcy Court for the District of Delaware, for the final allowance of certain fees, including

all holdbacks, and expenses incurred during the periods set forth on Exhibit A attached hereto (the

“Compensation Period”), filed pursuant to the Order Establishing Procedures for Interim

Compensation and Reimbursement of Expenses of Professionals, entered October 21, 2022

[Docket No. 136] (the “Interim Compensation Order”), the Amended Joint Chapter 11 Plan of




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: KServicing Wind Down Corp. (f/k/a Kabbage, Inc. d/b/a KServicing) (3937); KServicing
    Wind Down Canada Holdings LLC (f/k/a Kabbage Canada Holdings, LLC) (N/A); KServicing Wind Down Asset
    Securitization LLC (f/k/a Kabbage Asset Securitization LLC) (N/A); KServicing Wind Down Asset Funding 2017-
    A LLC (f/k/a Kabbage Asset Funding 2017-A LLC) (4803); KServicing Wind Down Asset Funding 2019-A LLC
    (f/k/a Kabbage Asset Funding 2019-A LLC) (8973); and KServicing Wind Down Diameter LLC (f/k/a Kabbage
    Diameter, LLC) (N/A). 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 966       Filed 09/05/23         Page 2 of 3




Liquidation of Kabbage, Inc. (d/b/a KServicing) and its Affiliated Debtors [D.I. 627] (the “Plan”),2

and the Order Confirming Amended Joint Chapter 11 Plan of Liquidation of Kabbage, Inc. (d/b/a

KServicing) and its Affiliated Debtors [D.I. 680], and the Court having reviewed the Final Fee

Applications and finding that: (a) the Court has jurisdiction over this matter pursuant to 28 U.S.C.

§§ 157 and 1334; (b) notice of the Final Fee Applications was adequate under the circumstances;

and (c) all persons with standing have been afforded the opportunity to be heard on the Final Fee

Applications; and upon the full record of all proceedings in this case; and sufficient cause having

been shown therefor, IT IS HEREBY ORDERED THAT:

           1.       Each Final Fee Application is GRANTED and APPROVED as set forth herein.

           2.       Each of the Applicants is allowed compensation on a final basis for services

rendered during the Compensation Period, in the respective amounts set forth on the attached

Exhibit A under the columns labeled “Final Fees Approved” and “Final Expenses Approved”,

respectively.

           3.       To the extent not already paid pursuant to the Interim Compensation Order, subject

to the terms of the Plan, each Applicant shall be paid one-hundred percent (100%) of the fees and

one-hundred percent (100%) of the expenses listed on the attached Exhibit A under the columns

labeled “Final Fees Approved” and “Final Expenses Approved”, respectively, that have not yet

been paid in satisfaction of the allowed fees and expenses, for services rendered and expenses

incurred during the Compensation Period.

           4.       This Order shall be deemed a separate order with respect to each of the Final Fee

Applications. Any stay of this Order pending appeal with respect to any one Applicant shall only




2
    Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Plan.
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                   Case 22-10951-CTG        Doc 966     Filed 09/05/23     Page 3 of 3




apply to the particular Applicant that is the subject of such appeal, and shall not operate to stay the

applicability and/or finality of this Order with respect to any other of the Applicants.

         5.        This Court shall retain jurisdiction over all matters arising from or related to the

interpretation or implementation of this Order.




Dated: September 5th, 2023                               CRAIG T. GOLDBLATT
Wilmington, Delaware                                     UNITED STATES BANKRUPTCY JUDGE




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