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

    06/13/2025

  • 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
06/13/202561Order Granting Application For Compensation for Fleming Advisors, LLC, fees awarded: $1,080.00, expenses awarded: $0.00 (Related Doc # [53]). 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 6/13/2025. (as)
06/13/202560Certificate of Service (related document:[57] Chapter 11 Plan Small Business Subchapter V filed by Debtor Paramount Drug, LLC, [58] Order Setting Deadlines and Scheduling Confirmation Hearing (Subchapter V)) filed by Carol L. Knowlton on behalf of Paramount Drug, LLC. (Knowlton, Carol)
06/12/2025Minute of 6/12/2025 Hearing Held, OUTCOME: Fees allowed as requested. (related document:53 Application for Compensation for Fleming Advisors, LLC, Accountant, period: to, fee: $1,080.00, expenses: $. Filed by Carol L. Knowlton. Hearing scheduled for 6/12/2025 at 02:00 PM, ABA - Courtroom 4B, Camden.. (Attachments: # 1 Proposed Order # 2 Certificate of Service) Filed by Accountant Fleming Advisors, LLC) (as)
06/12/2025Minute of 6/12/2025 Hearing Held, OUTCOME: Plan filed. No appearance necessary. (related document:8 Notice of Hearing for: Subchapter V Status Conference. (related document:1 Chapter 11 Voluntary Petition Filed by Carol L. Knowlton on behalf of Paramount Drug, LLC. Chapter 11 Plan Subchapter V Due by 06/5/2025. filed by Debtor Paramount Drug, LLC). The following parties were served: Debtor, Debtor's Attorney, and US Trustee. Section 1111(b) Election Deadline is no later than 14 days from the filing of the debtors plan. Hearing scheduled for 5/8/2025 at 10:00 AM, ABA - Courtroom 4B, Camden. Subchapter V Status Report Due By 4/24/2025.) (as)
06/12/202559BNC Certificate of Notice - Order No. of Notices: 1. Notice Date 06/12/2025. (Admin.)
06/10/202558Order 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. (har)
06/05/202557Chapter 11 Small Business Subchapter V Plan Filed by Carol L. Knowlton on behalf of Paramount Drug, LLC. (Attachments: # (1) Exhibits A-H) (Knowlton, Carol)
05/28/2025Attorney Janet Gold for Paramount Drug, LLC added to case (jgd)
05/27/202556Small Business Monthly Operating Report for Filing Period April, 2025 Carol L. Knowlton on behalf of Paramount Drug, LLC. (Attachments: # (1) Exhibits # (2) Bank Statements & Reconciliations) (Knowlton, Carol)
05/27/202555Notice of Appearance and Request for Service of Notice filed by Janet Gold on behalf of Fulton Bank, N.A.. (Gold, Janet)