ACCRX, Inc.
11
Christopher J. Panos
04/28/2025
04/29/2025
Yes
v
| SmBus, PlnDue, DsclsDue, Subchapter_V |
Assigned to: Judge Christopher J. Panos Chapter 11 Voluntary Asset |
|
Debtor ACCRX, Inc.
153 California Street Newton, MA 02458 Tax ID / EIN: 04-3578145 dba ACC Apothecary |
represented by |
Marques C Lipton
Lipton Law Group 945 Concord Street Framingham, MA 01701 508-202-0681 Email: marques@liptonlg.com |
Assistant U.S. Trustee Richard King - B
Office of the US Trustee J.W. McCormack Post Office & Courthouse 5 Post Office Sq., 10th Fl, Suite 1000 Boston, MA 02109 617-788-0400 |
| Date Filed | # | Docket Text |
|---|---|---|
| 04/29/2025 | Hybrid Hearing Held and Continued to 05/15/2025 at 11:00 AM at Boston Courtroom 1, 12th Floor, 5 Post Office Square, Boston, MA 02109 Re: 8 Motion to Pay Filed by Debtor ACCRX, Inc. (ab) | |
| 04/29/2025 | 16 | Proceeding Memorandum and Order dated 4/29/2025 Re: [8] Emergency Motion filed by Debtor ACCRX, Inc. to Pay Pre-petition wages and associates payroll taxes. THE MOTION IS GRANTED IN PART AS FOLLOWS. THE DEBTOR IS AUTHORIZED TO PAY CERTAIN PRE-PETITION WAGES AND RELATED PAYROLL TAX OBLIGATIONS AS DESCRIBED IN THE MOTION AND CLARIFIED ON THE RECORD AT THE EMERGENCY HEARING, PROVIDED USE OF CASH COLLATERAL HAS BEEN AUTHORIZED TO MAKE SUCH PAYMENTS. EMPLOYEE OBLIGATIONS SHALL NOT INCLUDE PAYROLL ATTRIBUTABLE TO THE PRESIDENT OF THE DEBTOR, ARTHUR MARGOLIS, AND HIS SPOUSE, CLAIRE MARGOLIS. THAT PORTION OF THE MOTION REGARDING PAYMENT OF INSIDER COMPENSATION IS CONTINUED FOR A FURTHER HEARING SCHEDULED FOR MAY 15, 2025 AT 11:00 A.M. (THE "CONTINUED HEARING") IN COURTROOM 1, JOHN W. MCCORMACK POST OFFICE AND COURT HOUSE, 5 POST OFFICE SQUARE, BOSTON, MASSACHUSETTS 02109, WITH AN OPTION FOR PARTIES IN INTEREST TO APPEAR BY ZOOM VIDEO. TO OBTAIN VIDEO ACCESS INFORMATION FOR THE CONTINUED HEARING, PARTIES IN INTEREST SHALL EMAIL THE COURTROOM DEPUTY AT CJP_COURTROOM_DEPUTY@MAB.USCOURTS.GOV NO LATER THAN MAY 14, 2025 AT 4:30 P.M., PROVIDING THE CONTACT INFORMATION FOR THE PARTY SEEKING TO APPEAR BY VIDEO. ANY OBJECTIONS TO THE REMAINING RELIEF SHALL BE FILED NO LATER THAN MAY 14, 2025 AT 4:30 P.M. (dc) |
| 04/29/2025 | 15 | Notice of Appointment of Subchapter V Trustee . David B. Madoff added to the case. (Attachments: # (1) Verified Statement of Trustee) (Kesselman, Justin) |
| 04/29/2025 | 14 | Affidavit of Arthur Margolis (Re: [7] Motion for Cash Collateral) filed by Debtor ACCRX, Inc. (Lipton, Marques) |
| 04/28/2025 | 13 | Certificate of Service (Re: 7 Motion for Cash Collateral, 8 Motion to Pay, 12 Order To Set Hearing) filed by Debtor ACCRX, Inc. (Lipton, Marques) (Entered: 04/28/2025) |
| 04/28/2025 | 12 | Order dated 4/28/25 Re: 7 Emergency Motion filed by Debtor ACCRX, Inc. for Use of Cash Collateral and 8 Emergency Motion filed by Debtor ACCRX, Inc. to Pay Pre-petition wages and associates payroll taxes. THE REQUEST FOR EMERGENCY DETERMINATION IS GRANTED AS FOLLOWS. THE COURT HEREBY SCHEDULES: I. DEBTOR'S MOTION FOR INTERIM AND FINAL ORDER AUTHORIZING USE OF CASH AND NON-CASH COLLATERAL, OFFER OF ADEQUATE PROTECTION AND REQUEST FOR EMERGENCY CONSIDERATION (ECF NO. 7) (THE "CASH COLLATERAL MOTION"); AND II. DEBTORS MOTION TO PAY PRE-PETITION WAGES AND RELATED PAYROLL TAX OBLIGATION (ECF NO. 8) (THE "WAGE MOTION," TOGETHER WITH THE CASH COLLATERAL MOTION, THE "MOTIONS"), FOR TELEPHONIC HEARING ON APRIL 29, 2025 AT 11:00 A.M. (THE HEARING). THE HEARING ON THE CASH COLLATERAL MOTION WILL BE A PRELIMINARY HEARING FOR INTERIM USE OF CASH COLLATERAL. TO PARTICIPATE, ATTENDEES SHALL DIAL (646) 828-7666 AND ENTER MEETING ID 160 257 7274 AND PASSCODE 984 524 WHEN PROMPTED. OBJECTIONS TO THE MOTIONS MAY BE MADE AT THE HEARING. See Order for Full Text. (dc) (Entered: 04/28/2025) |
| 04/28/2025 | 11 | Order to Update Re: 1 Chapter 11 Voluntary Petition. Cash Flow Statement Due 5/5/2025. Statement of Operations Due 5/5/2025. 20 Largest Unsecured Creditors due 5/12/2025. List of Equity Security Holders due 5/12/2025. Schedule A/B due 5/12/2025. Schedule D due 5/12/2025. Schedule E/F due 5/12/2025. Schedule G due 5/12/2025. Schedule H due 5/12/2025. Statement of Financial Affairs due 5/12/2025. Summary of Assets and Liabilities due 5/12/2025. Statement of Current Monthly Income Form 122B Due: 5/12/2025. Incomplete Filings due by 5/5/2025 and 5/12/2025. (slh, usbc) (Entered: 04/28/2025) |
| 04/28/2025 | 10 | Balance Sheet filed by Debtor ACCRX, Inc. (Attachments: # 1 Profit and Loss Statement) (Lipton, Marques) (Entered: 04/28/2025) |
| 04/28/2025 | 9 | Tax Documents for the Year(s) of 2023 filed by Debtor ACCRX, Inc. (Lipton, Marques) (Entered: 04/28/2025) |
| 04/28/2025 | Receipt of filing fee for Voluntary Petition (Chapter 11)( 25-10851) [misc,volp11] (1738.00). Receipt Number A20937201, amount $1738.00 (re: Doc# 1) (U.S. Treasury) (Entered: 04/28/2025) |