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

    04/21/2026

  • 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
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)
04/01/2026112BNC Certificate of Notice - Hearing on Application for Compensation. No. of Notices: 12. Notice Date 04/01/2026. (Admin.)
03/30/2026111Application 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) (Knowlton, Carol)
03/24/2026110Certificate of Service (related document:[107] Order Confirming Chapter 11 Plan) filed by Carol L. Knowlton on behalf of Paramount Drug, LLC. (Knowlton, Carol)
03/21/2026109BNC Certificate of Notice - Order No. of Notices: 1. Notice Date 03/21/2026. (Admin.)
03/21/2026108BNC Certificate of Notice - Order Confirming Plan No. of Notices: 12. Notice Date 03/21/2026. (Admin.)
03/19/2026107Order Confirming Chapter 11 Plan Consensual. (related document:[77] Chapter 11 Plan Small Business Subchapter V filed by Debtor Paramount Drug, LLC, [79] Order Setting Deadlines and Scheduling Confirmation Hearing (Subchapter V)). 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 3/19/2026. (har)
03/12/2026Minute of 3/12/2026 Hearing Held, OUTCOME: Motion withdrawn. (related document:92 **WITHDRAWN** Motion re: to Permit Debtor to Maintain Certain Existing Bank Account Filed by Carol L. Knowlton on behalf of Paramount Drug, LLC. Hearing scheduled for 2/10/2026 at 10:00 AM, ABA - Courtroom 4B, Camden.. (Attachments: # 1 Certification # 2 Statement as to Why No Brief is Necessary # 3 Proposed Order # 4 Certificate of Service) Modified on 1/13/2026: OBJECTION DEADLINE NOT LISTED ON NOTICE OF MOTION (as).Modified on 3/5/2026 WITHDRAWN ON 3/4/2026 REFER TO PLEADING #102.(jgd) Filed by Debtor Paramount Drug, LLC) (as) (Entered: 03/12/2026)