Case number: 1:25-bk-12381 - Paramount Drug, LLC - New Jersey Bankruptcy Court

Case Information
  • Case title

    Paramount Drug, LLC

  • Court

    New Jersey (njbke)

  • Chapter

    11

  • Judge

    Andrew B. Altenburg Jr.

  • Filed

    03/07/2025

  • Last Filing

    06/01/2026

  • Asset

    Yes

  • Vol

    v

Docket Header
Subchapter_V, SmBus



U.S. Bankruptcy Court
District of New Jersey (Camden)
Bankruptcy Petition #: 25-12381-ABA

Assigned to: Judge Andrew B. Altenburg Jr.
Chapter 11
Voluntary
Asset


Date filed:  03/07/2025
341 meeting:  04/17/2025
Deadline for filing claims:  05/16/2025
Deadline for filing claims (govt.):  09/03/2025

Debtor

Paramount Drug, LLC

54 E. Scott Street
Riverside, NJ 08075
BURLINGTON-NJ
Tax ID / EIN: 47-3574593
dba
Paramount Drug


represented by
Carol L. Knowlton

Gorski and Knowlton PC
311 Whitehorse Avenue
Ste A
Hamilton, NJ 08610
609-964-4000
Fax : 609-528-0721
Email: cknowlton@gorskiknowlton.com

Trustee

Douglas S. Stanger

Douglas Stanger- Trustee
1810 Chapel Avenue West
Cherry Hill, NJ 08002-4609
609-645-1881

 
 
U.S. Trustee

U.S. Trustee

US Dept of Justice
Office of the US Trustee
One Newark Center Ste 2100
Newark, NJ 07102
(973) 645-3014

represented by
Jeffrey M. Sponder

Office of U.S. Trustee
One Newark Center
Newark, NJ 07102
973-645-2379
Email: jeffrey.m.sponder@usdoj.gov

Creditor Committee

Live Oak Banking Company
represented by
Elizabeth K. Holdren

Hill Wallack LLP
21 Roszel Road
PO Box 5226
Princeton, NJ 085435226
609-734-6345
Email: eholdren@hillwallack.com

Michael Kahme

Hill Wallack LLP
21 Roszel Road
P.O. Box 5226
Princeton, NJ 08543-5226
609-924-0808
Email: mkahme@hillwallack.com

Latest Dockets

Date Filed#Docket Text
06/16/2026120Chapter 11 Subchapter V Trustees Report of No Distribution. Funds Collected: $0. Key information about this case as reported in schedules filed by the debtor(s) or otherwise found in the case record: This case was pending for 16 months. Assets Abandoned (without deducting any secured claims): $269300.00, Assets Exempt: Not Available, Claims Scheduled: $1534570.28, Claims Asserted: Not Available, Claims scheduled to be discharged without payment (without deducting the value of collateral or debts excepted from discharge): $1534570.28. Filed by Douglas S. Stanger. (Stanger, Douglas)
05/31/2026119BNC Certificate of Notice - Order No. of Notices: 1. Notice Date 05/31/2026. (Admin.)
05/29/2026118Order Granting Application For Compensation for Douglas S. Stanger, fees awarded: $11,025.00, expenses awarded: $0.00 (Related Doc # [113]). Service of notice of the entry of this order pursuant to Rule 9022 was made on the appropriate parties. See BNC Certificate of Notice. Signed on 5/29/2026. (har)
05/28/2026Minute of Hearing Held, OUTCOME: Fees Allowed As Requested (related document:113 Application for Compensation for Douglas S. Stanger, Trustee Chapter 11, period: 3/10/2025 to 3/30/2026, fee: $11,025.00, expenses: $0. Filed by Douglas S. Stanger. Hearing scheduled for 5/28/2026 at 02:00 PM, ABA - Courtroom 4B, Camden.. (Attachments: # 1 Certification of Douglas S. Stanger, Esq. in support of Application # 2 Exhibit A # 3 Exhibit B # 4 Exhibit C # 5 Proposed Order # 6 Certificate of Service) Filed by Trustee Douglas S. Stanger) (jld)
05/16/2026117BNC Certificate of Notice - Order No. of Notices: 1. Notice Date 05/16/2026. (Admin.)
05/14/2026116Order Granting Application For Compensation for Gorski & Knowlton PC, fees awarded: $68,630.00, expenses awarded: $3,364.88 (Related Doc # [111]). Service of notice of the entry of this order pursuant to Rule 9022 was made on the appropriate parties. See BNC Certificate of Notice. Signed on 5/14/2026. (elb)
05/14/2026Minute of Hearing Held, OUTCOME: Granted as requested (related document:111 Application for Compensation for Gorski & Knowlton PC, Debtor's Attorney, period: 2/17/2025 to 3/20/2026, fee: $68,630.00, expenses: $3,364.88. Filed by Carol L. Knowlton. Hearing scheduled for 5/14/2026 at 02:00 PM, ABA - Courtroom 4B, Camden.. (Attachments: # 1 Cover Sheet # 2 Exhibit # 3 Proposed Order # 4 Certificate of Service)) (elb)
04/21/2026115Small Business Monthly Operating Report for Filing Period March, 2026 Carol L. Knowlton on behalf of Paramount Drug, LLC. (Attachments: # (1) Exhibits # (2) Bank statements) (Knowlton, Carol)
04/19/2026114BNC Certificate of Notice - Hearing on Application for Compensation. No. of Notices: 12. Notice Date 04/19/2026. (Admin.)
04/17/2026113Application for Compensation for Douglas S. Stanger, Trustee Chapter 11, period: 3/10/2025 to 3/30/2026, fee: $11,025.00, expenses: $0. Filed by Douglas S. Stanger. Hearing scheduled for 5/28/2026 at 02:00 PM, ABA - Courtroom 4B, Camden.. (Attachments: # (1) Certification of Douglas S. Stanger, Esq. in support of Application # (2) Exhibit A # (3) Exhibit B # (4) Exhibit C # (5) Proposed Order # (6) Certificate of Service) (Stanger, Douglas)