KServicing Wind Down Corp.

  1. March 22, 2023

    Kabbage Wins Fights Over $1.5M Ch. 11 Settlement Payment

    A Delaware bankruptcy judge sided with financial services provider Kabbage Inc. on Wednesday when he decided the debtor is entitled to a $1.56 million payment under an earlier settlement reached with loan partner Customers Bank.

  2. March 13, 2023

    Kabbage Ch. 11 Plan Approved With Trustee Injunction Deal

    The Chapter 11 plan of financial services provider Kabbage Inc. received bankruptcy court approval Monday in Delaware after the company agreed to limit the duration of an injunction of claims in a deal with the Office of the United States Trustee.

  3. January 13, 2023

    Voyager Sells Digital Assets For $1B, FTX Finds $5B In Crypto

    Cryptocurrency debtors put billions of dollars in play this week as Voyager Digital Holdings got the nod for a $1 billion sale of assets and FTX Trading located $5 billion of its own assets. Over at the U.S. Supreme Court, the justices wrestled with Puerto Rican sovereignty in a case involving the island's fiscal board. This is the week in bankruptcy.

  4. January 12, 2023

    US Trustee Skewers Third-Party Releases In Kabbage Ch. 11

    A judge should rubbish financial services provider Kabbage Inc.'s "meaningless and deficient" Chapter 11 bankruptcy disclosure statement because third-party releases embedded in the document could leave many creditors out in the dark, the U.S. Trustee's Office in Delaware said on Wednesday.

  5. November 07, 2022

    Kabbage Cleared For $58M Ch. 11 Deal With Customers Bank

    Online lender Kabbage Inc. received court approval Monday for a $58 million settlement with Customers Bank when a Delaware bankruptcy judge said it made sense to resolve outstanding claims between the parties arising from the federal Paycheck Protection Program.

  6. October 28, 2022

    Celsius Network Gets OK To Auction, GWG To Raise Money

    Crypto lender Celsius Network got the go-ahead to auction off its assets, bond seller GWG Holdings got permission to raise $630 million to pay back its bankruptcy loans and Axos Bank was hit with an $18.3 million verdict for pilfering MUFG Union Bank's Chapter 7 trustee deposit business. This is the week in bankruptcy.

  7. October 28, 2022

    Kabbage Reaches $58M Deal With Bank In PPP Loan Row

    Online lender Kabbage Inc. on Thursday asked a Delaware bankruptcy judge to approve a nearly $58 million settlement of its disputes with Customers Bank stemming from their participation in the federal Paycheck Protection Program.

  8. October 11, 2022

    Ch. 11 Cheat Sheet: Kabbage Inc.

    Atlanta-based small business lender Kabbage filed for Chapter 11 protection in Delaware on Oct. 3, saying it's seeking to wind down and liquidate the portions of its business not purchased by American Express in 2020.

  9. October 07, 2022

    BakerHostetler Accused Of Fraud, Jones Asks For New Hire

    Alliance Health's liquidating trustee alleges a law firm helped a $100 million fraud scheme, the Alex Jones-controlled Free Speech Systems needs a new leader, and satellite operator Intelsat SA escapes from a $400 million contract dispute. This is the week in bankruptcy.

  10. October 06, 2022

    Creditors Squabble At Online Lender's First Ch. 11 Hearing

    Tensions surfaced fast Thursday in Delaware bankruptcy court during the opening Chapter 11 hearing for online lender Kabbage Inc., with the company's top unsecured creditor questioning big shareholder payouts after most of the business was sold in late 2020 for $750 million to American Express.