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Order Approving Stipulation between KServicing and R & G Springs — In re Kabbage (Dkt. 1133, Bankr. D. Del.)

Summary

An order approving a stipulation between KServicing and R & G Springs Co., Inc., filed April 22, 2025 as Doc 1133 in In re KServicing Wind Down Corp., et al., Case No. 22-10951 (CTG), a jointly administered Chapter 11 case in the U.S. Bankruptcy Court for the District of Delaware. The stipulation amends and resolves the objection to Claim Number 236, and the order approves it. It orders that Claim Number 236 be amended and resolved as a general unsecured claim of $17,500, in satisfaction of all claims that were asserted or could have been asserted by R & G Springs against KServicing. The court retains jurisdiction to interpret and enforce the stipulation. The signature block names United States Bankruptcy Judge Craig T. Goldblatt.

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Cite this document

“Order Approving Stipulation between KServicing and R & G Springs — In re Kabbage (Dkt. 1133, Bankr. D. Del.).” Original at ecf.deb.uscourts.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/order-approving-stipulation-between-kservicing-and-r-g-springs-in-re-k-7ad5afbc8c/, SHA-256 3ef2fc2976d31133a5612fb39dd808b7a65d7884df69cc91d612a8fd07447cb0.

Full text

               Case 22-10951-CTG              Doc 1133        Filed 04/22/25        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)

                                                           Re: Docket Nos. 1054


                        ORDER APPROVING STIPULATION
                  BETWEEN KSERVICING AND R & G SPRINGS CO., INC.

         Upon the certification of counsel regarding the Stipulation (I) Amending and Resolving the

Objection to Claim Number 236 Between KServicing and R & G Springs Co., Inc. and

(II) Providing Allowance of Claim (the “Stipulation”),2 a copy of which is attached hereto as

Exhibit 1, entered into by and between KServicing Wind Down Corporation (“KServicing WD”)

and its affiliates, as successors to Kabbage, Inc. d/b/a KServicing (“KServicing”), and R & G

Springs Co., Inc. (“R & G Springs”, and collectively with KServicing the “Parties”); and this Court

being able to issue a final order consistent with Article III of the United States Constitution; and

venue of this Chapter 11 case in this district being proper pursuant to 28 U.S.C. §§ 1408 and 1409;

and this matter being a core proceeding pursuant to 28 U.S.C. § 157(b); and it appearing that

sufficient notice of the Stipulation has been given; and after due deliberation; and good and

sufficient cause appearing therefor;




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.
2
  Capitalized terms used but not defined herein have the meaning provided in the Stipulation.


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              Case 22-10951-CTG         Doc 1133      Filed 04/22/25     Page 2 of 2




         IT IS HEREBY ORDERED THAT:

         1.     The Stipulation attached as Exhibit 1 is hereby APPROVED.

         2.     Claim Number 236 shall be amended and resolved as a general unsecured claim in

the amount of $17,500 (the “Allowed Claim”).

         3.     The Allowed Claim shall resolve and be in satisfaction of all claims that were

asserted or could have been asserted by R & G Springs against KServicing.

         4.     The terms of this Stipulation shall become effective upon the entry of this Order.

         5.     The Court shall retain jurisdiction over the Parties hereto with respect to this

Stipulation including, without limitation, for the purposes of interpreting, implementing, and

enforcing its terms.

         6.     The rights of all Parties and non-parties to the Stipulation to move to amend this

Order or the Stipulation are fully reserved.




   Dated: April 22nd, 2025              CRAIG T. GOLDBLATT
   Wilmington, Delaware                 UNITED STATES BANKRUPTCY JUDGE




                                                 2
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