KServicing gets court approval to use cash collateral

By Sarah Lizee

Olympia, Wash., Oct. 26 – Kabbage, Inc., which does business as KServicing, gained court approval to access cash collateral, according to an order filed with the U.S. Bankruptcy Court for the District of Delaware.

Federal Reserve Bank of San Francisco has been given adequate protection under the cash collateral order.

The Atlanta-based servicer and subservicer of small business Paycheck Protection Program loans filed bankruptcy on Oct. 3 under Chapter 11 case number 22-10951.

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