Order Approving Stipulation Between Kservicing Wind Down

Summary

An Order Approving Stipulation Between KServicing Wind Down Corporation and First-Citizens Bank & Trust Company, filed October 20, 2023 as Doc 979 in the jointly administered Chapter 11 cases of In re: KServicing Wind Down Corp., et al., Case No. 22-10951 (CTG), in the U.S. Bankruptcy Court for the District of Delaware. The order approves a stipulation between KServicing Wind Down Corp. and First-Citizens Bank & Trust, successor by merger to CIT Bank, N.A., which it describes as attached as Exhibit 1, finding good and adequate cause and that no further notice is required. The Court retains jurisdiction over matters arising from the order's interpretation or implementation. A footnote lists the post-confirmation debtors, including KServicing Wind Down Corp. (f/k/a Kabbage, Inc. d/b/a KServicing). The two-page order is signed by United States Bankruptcy Judge Craig T. Goldblatt.

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Full text

              Case 22-10951-CTG          Doc 979     Filed 10/20/23      Page 1 of 2




                    IN THE UNITED STATES BANKRUPTCY COURT
                         FOR THE DISTRICT OF DELAWARE


In re:                                             Chapter 11

KServicing Wind Down Corp., et al.,1               Case No. 22-10951 (CTG)

              Post-Confirmation Debtors.           (Jointly Administered)




     ORDER APPROVING STIPULATION BETWEEN KSERVICING WIND DOWN
        CORPORATION AND FIRST-CITIZENS BANK & TRUST COMPANY

         This Court, having considered the Stipulation Between KServicing Wind Down

Corporation and First-Citizens Trust Company (the “Stipulation”) between KServicing Wind

Down Corp. and First-Citizens Bank & Trust, successor by merger to CIT Bank, N.A., attached

hereto as Exhibit 1; the Court having determined that good and adequate cause exists for approval

of the Stipulation; and the Court having determined that no further notice of the Stipulation must

be given;


IT IS HEREBY ORDERED THAT:

         1.    The Stipulation is approved.




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 979       Filed 10/20/23   Page 2 of 2




         2.     The Court shall retain jurisdiction over any and all matters arising from the

interpretation or implementation of this Order.




Dated: October 20th, 2023                     CRAIG T. GOLDBLATT
Wilmington, Delaware                          UNITED STATES BANKRUPTCY JUDGE




                                                  2
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