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Order Approving Stipulation to Reduce and Allow Claim No — In re Kabbage (Dkt. 1152, Bankr. D. Del.)

Summary

An order approving a stipulation to reduce and allow Claim No. 142 filed by Albert Togut, as Chapter 7 Trustee for Kossoff PLLC, filed June 12, 2025 as Doc 1152 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 is between KServicing Wind Down Corporation and its affiliates, as successors to Kabbage, Inc. d/b/a KServicing, and the trustee. The order reduces and allows Claim Number 142 as a general unsecured claim of $13,072.93, in satisfaction of all claims the claimant asserted or could have asserted against KServicing. The signature block names United States Bankruptcy Judge Craig T. Goldblatt.

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Cite this document

“Order Approving Stipulation to Reduce and Allow Claim No — In re Kabbage (Dkt. 1152, Bankr. D. Del.).” Original at ecf.deb.uscourts.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/order-approving-stipulation-to-reduce-and-allow-claim-no-in-re-kabbage-a99a51708e/, SHA-256 fe5362336426b03b541a47b2eefea17c794907ae6c9a7918f1695b2186620625.

Full text

               Case 22-10951-CTG              Doc 1152        Filed 06/12/25        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 No. 1151


    ORDER APPROVING STIPULATION TO REDUCE AND ALLOW CLAIM NO. 142
     FILED BY ALBERT TOGUT, AS CHAPTER 7 TRUSTEE FOR KOSSOFF PLLC,

         Upon the certification of counsel regarding the Stipulation 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 Albert Togut, as

Chapter 7 Trustee for Kossoff PLLC (“Claimant”), 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;

         IT IS HEREBY ORDERED THAT:

         1.      The Stipulation attached as Exhibit 1 is hereby 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 1152      Filed 06/12/25     Page 2 of 2




         2.     Claim Number 142 shall be reduced and allowed as a general unsecured claim in

the amount of $13,072.93 (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 Claimant 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.




   Dated: June 12th, 2025                        CRAIG T. GOLDBLATT
   Wilmington, Delaware                          UNITED STATES BANKRUPTCY JUDGE




                                                 2
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