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

    01/15/2026

  • 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
01/15/2026Hearing Rescheduled from 1/15/2026. (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 03/12/2026 at 10:30 AM, ABA - Courtroom 4B, Camden. (as)
01/15/2026Minute of 1/15/2026 Hearing Held and Continued. OUTCOME: Adjourned to 3/12/2026 at 10:30 AM. Can be heard on the papers unless trustee wants to pursue objection. (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 03/12/2026 at 10:30 AM, ABA - Courtroom 4B, Camden. (as)
01/15/202699*AMENDED* Determination of Adjournment Request Granted. Hearing will be adjourned to 3/12/26 @ 10:30 a.m.. The hearing date is Not Peremptory. (related document:[69] Motion to Convert Case from Chapter 11 to Chapter 7 filed by Creditor Committee Live Oak Banking Company). (har)
01/15/202698Determination of Adjournment Request Granted. Hearing will be adjourned to 1/29/26 @ 10 am. The hearing date is Not Peremptory. (related document:[69] Motion to Convert Case from Chapter 11 to Chapter 7 filed by Creditor Committee Live Oak Banking Company). (har)
01/14/202697Certification of Balloting re: (related document:77 Chapter 11 Plan Small Business Subchapter V filed by Debtor Paramount Drug, LLC) filed by Carol L. Knowlton on behalf of Paramount Drug, LLC. (Knowlton, Carol) (Entered: 01/14/2026)
01/14/202696Small Business Monthly Operating Report for Filing Period December, 2025 Carol L. Knowlton on behalf of Paramount Drug, LLC. (Attachments: # 1 Exhibits # 2 Bank Statements) (Knowlton, Carol) (Entered: 01/14/2026)
01/13/202695Certificate of Service (related document:94 Support filed by Debtor Paramount Drug, LLC) filed by Carol L. Knowlton on behalf of Paramount Drug, LLC. (Knowlton, Carol) (Entered: 01/13/2026)
01/13/202694Corrected Notice of Motion in support of (related document:92 Motion (Generic) filed by Debtor Paramount Drug, LLC) filed by Carol L. Knowlton on behalf of Paramount Drug, LLC. (Knowlton, Carol) (Entered: 01/13/2026)
01/13/202693Certification in support of (related document:77 Chapter 11 Plan Small Business Subchapter V filed by Debtor Paramount Drug, LLC) filed by Carol L. Knowlton on behalf of Paramount Drug, LLC. (Knowlton, Carol) (Entered: 01/13/2026)
01/13/2026Correction Notice in Electronic Filing (related document:[92] Motion (Generic) filed by Debtor Paramount Drug, LLC). Type of Error: Objection deadline not listed on Notice of Motion, filed by Carol L. Knowlton. Please correct, serve and refile the Notice of Motion using the Support event found under the Misc. Events category and link to the [92] Motion (Generic). (as)