KServicing Wind Down Corp.

1:22-bk-10951

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.
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.
October 04, 2022
Online Lender Kabbage Says PPP Loan Fights Spurred Ch. 11

Online lender Kabbage Inc. has filed a Chapter 11 liquidation plan in Delaware bankruptcy court, saying it made the move in the face of the "extreme" cost of dealing with disputes stemming from its $7 billion in Paycheck Protection Program loans.