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

    12/04/2025

  • 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
12/04/2025Hearing Rescheduled from 12/4/2025. (related document:69 Motion to Convert Case from Chapter 11 to Chapter 7. Fee Amount $ 15. Filed by Elizabeth K. Holdren on behalf of Live Oak Banking Company. Hearing scheduled for 10/21/2025 at 10:00 AM, ABA - Courtroom 4B, Camden. CORRECT HEARING DATE IS 10/28/2025 AT 10:00 AM, ABA - COURTROOM 4B, CAMDEN. (Attachments: # 1 Memorandum of Law # 2 Certification # 3 Exhibit # 4 Proposed Order # 5 Certificate of Service) Modified on 9/30/2025: TO CLARIFY TEXT (as).Modified on 10/9/2025 TO REFLECT HEARING IS BEING HELD ON SHORTEN TIME ON OCTOBER 23, 2025 @ 10 A.M. (har). Filed by Creditor Committee Live Oak Banking Company) Hearing scheduled for 01/15/2026 at 10:00 AM, ABA - Courtroom 4B, Camden. (as)
12/04/2025Hearing Rescheduled from 12/4/2025. (related document:79 Order Setting Deadlines and Scheduling Confirmation Hearing (related document:77 Chapter 11 Plan Small Business Subchapter V filed by Debtor Paramount Drug, LLC). . 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 10/16/2025. Confirmation hearing to be held on 12/4/2025 at 10:00 AM at ABA - Courtroom 4B, Camden. Last day to Object to Confirmation 12/1/2025.Last day to file ballots is 12/1/2025.) Hearing scheduled for 01/15/2026 at 10:00 AM, ABA - Courtroom 4B, Camden. (as)
12/03/202589Determination of Adjournment Request Granted. Hearings will be adjourned to 1/15/26 @ 10 am. The hearing dates are Not Peremptory. (related document:[69] Motion to Convert Case from Chapter 11 to Chapter 7 filed by Creditor Committee Live Oak Banking Company, [79] Order Setting Deadlines and Scheduling Confirmation Hearing (Subchapter V)). (har)
11/25/202588Small Business Monthly Operating Report for Filing Period September 2025 Carol L. Knowlton on behalf of Paramount Drug, LLC. (Attachments: # (1) Exhibit # (2) Financial Management Report # (3) Bank Statements) (Knowlton, Carol)
11/24/202587Objection to Confirmation of Plan (related document:[77] First Modified Chapter 11 Small Business Subchapter V Plan Filed by Carol L. Knowlton on behalf of Paramount Drug, LLC. (Attachments: # 1 Exhibits A - G # 2 Exhibit H - MOR) filed by Debtor Paramount Drug, LLC) filed by Elizabeth K. Holdren on behalf of Live Oak Banking Company. (Attachments: # (1) Exhibit Exhibit A # (2) Certificate of Service) (Holdren, Elizabeth)
11/21/202586Letter to Honorable Andrew B. Altenburg, Jr. in support of (related document:85 Opposition filed by Debtor Paramount Drug, LLC) filed by Carol L. Knowlton on behalf of Paramount Drug, LLC. (Knowlton, Carol) (Entered: 11/21/2025)
11/21/202585Certification in Opposition to (related document:69 Motion to Convert Case from Chapter 11 to Chapter 7. Fee Amount $ 15. Filed by Elizabeth K. Holdren on behalf of Live Oak Banking Company. Hearing scheduled for 10/21/2025 at 10:00 AM, ABA - Courtroom 4B, Camden. CORRECT HEARING DATE IS 10/28/2025 AT 10:00 AM, ABA - COURTROOM 4B, CAMDEN. (Attachments: # 1 Memorandum of Law # 2 Certification # 3 Exhibit # 4 Proposed Order # 5 Certificate of Service) (Holdren, Elizabeth)Modified on 9/30/2025: TO CLARIFY TEXT (as).Modified on 10/9/2025 TO REFLECT HEARING IS BEING HELD ON SHORTEN TIME ON OCTOBER 23, 2025 @ 10 A.M. (har). filed by Creditor Committee Live Oak Banking Company) filed by Carol L. Knowlton on behalf of Paramount Drug, LLC. (Attachments: # 1 Exhibit A) (Knowlton, Carol) (Entered: 11/21/2025)
11/20/202584Notice of Appearance and Request for Service of Notice filed by William E. Craig on behalf of Fulton Bank, N.A.. (Craig, William) (Entered: 11/20/2025)
10/23/2025Minute of 10/23/2025 Hearing Held, OUTCOME: Modified plan filed; New hearing date scheduled for modified plan. (related document:58 Order Setting Deadlines and Scheduling Confirmation Hearing (related document:57 Chapter 11 Plan Small Business Subchapter V filed by Debtor Paramount Drug, LLC). 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 6/10/2025. Confirmation hearing to be held on 7/24/2025 at 10:00 AM at ABA - Courtroom 4B, Camden. Last day to Object to Confirmation 7/17/2025. Last day to file ballots is 7/17/2025.) (as)
10/23/2025Hearing Rescheduled from 10/23/2025. (related document:69 Motion to Convert Case from Chapter 11 to Chapter 7. Fee Amount $ 15. Filed by Elizabeth K. Holdren on behalf of Live Oak Banking Company. Hearing scheduled for 10/21/2025 at 10:00 AM, ABA - Courtroom 4B, Camden. CORRECT HEARING DATE IS 10/28/2025 AT 10:00 AM, ABA - COURTROOM 4B, CAMDEN. (Attachments: # 1 Memorandum of Law # 2 Certification # 3 Exhibit # 4 Proposed Order # 5 Certificate of Service) Modified on 9/30/2025: TO CLARIFY TEXT (as).Modified on 10/9/2025 TO REFLECT HEARING IS BEING HELD ON SHORTEN TIME ON OCTOBER 23, 2025 @ 10 A.M. (har). Filed by Creditor Committee Live Oak Banking Company) Hearing scheduled for 12/04/2025 at 10:00 AM, ABA - Courtroom 4B, Camden. (as)