Case number: 1:24-bk-22549 - Plastic Suppliers, Inc. - New Jersey Bankruptcy Court

Case Information
  • Case title

    Plastic Suppliers, Inc.

  • Court

    New Jersey (njbke)

  • Chapter

    11

  • Judge

    Andrew B. Altenburg Jr.

  • Filed

    12/22/2024

  • Last Filing

    02/04/2025

  • Asset

    Yes

  • Vol

    v

Docket Header
JNTADMN, LEAD



U.S. Bankruptcy Court
District of New Jersey (Camden)
Bankruptcy Petition #: 24-22549-ABA

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


Date filed:  12/22/2024
341 meeting:  01/21/2025
Deadline for filing claims:  03/03/2025
Deadline for filing claims (govt.):  06/20/2025

Debtor

Plastic Suppliers, Inc.

2400 Marilyn Lane
Columbus, OH 43215
FRANKLIN-OH
Tax ID / EIN: 21-0719518
dba
Plastic Supplier, Inc.

dba
PSI

dba
Earthfirst Films

dba
Earthfirst Films by PSI


represented by
Archer & Greiner PC

1025 Laurel Oak Road
Voorhees, NJ 08043
2159633300

Douglas G. Leney

Archer & Greiner, PC
1025 Laurel Oak Road
Voorhees, NJ 08043
856-795-2121
Fax : 215-963-9999
Email: dleney@archerlaw.com

Stephen M. Packman

Archer & Greiner, P.C.
1025 Laurel Oak Road
Voorhees, NJ 08043
856-795-2121
Fax : 856-795-0574
Email: spackman@archerlaw.com

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
Samantha Lieb

DOJ-Ust
One Newark Center
Suite 2100
Newark, NJ 07102
202-604-2499
Email: samantha.lieb2@usdoj.gov

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

Official Committee of Unsecured Creditors
represented by
Kelly D. Curtin

Porzio, Bromberg & Newman, P.C.
100 Southgate Parkway
Morristown, NJ 07962-1997
973-538-4006
Fax : 973-538-5146
Email: kdcurtin@pbnlaw.com

Brett S. Moore

Porzio, Bromberg & Newman
100 Southgate Parkway
P.O. Box 1997
Morristown, NJ 07962
973-889-4231
Fax : 973-538-5146
Email: bsmoore@pbnlaw.com

Porzio, Bromberg & Newman, P.C.

100 Southgate Parkway
PO Box 1997
Morristown, NJ 07962

Latest Dockets

Date Filed#Docket Text
02/04/2025139Certificate of Service (related document:134 Order (Generic)) filed by Douglas G. Leney on behalf of Plastic Suppliers, Inc.. (Leney, Douglas) (Entered: 02/04/2025)
02/04/2025138Document re: Notice of (I) Non-Assumption and Non-Assignment of Contracts and Leases and (II) Deadline Requiring Filing of Proofs of Claim on or before March 3, 2025 filed by Douglas G. Leney on behalf of Plastic Suppliers, Inc.. (Attachments: # 1 Proof of Claim form and Instructions # 2 Service List) (Leney, Douglas) (Entered: 02/04/2025)
02/04/2025137Order Granting Application to Employ RK Consultants, LLC as Financial Advisor for the Official Committee of Unsecured Creditors (Related Doc # 115). 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 2/4/2025. (har) (Entered: 02/04/2025)
02/02/2025136BNC Certificate of Notice - Order No. of Notices: 2. Notice Date 02/02/2025. (Admin.) (Entered: 02/03/2025)
01/31/2025135BNC Certificate of Notice - Order No. of Notices: 2. Notice Date 01/31/2025. (Admin.) (Entered: 02/01/2025)
01/31/2025134ORDER (I) APPROVING ASSET PURCHASE AGREEMENT, (II) AUTHORIZING THE SALE OF SUBSTANTIALLY ALL OF THE DEBTORS ASSETS FREE AND CLEAR OF ALL LIENS, CLAIMS, ENCUMBRANCES, AND INTERESTS, (III) AUTHORIZING THE ASSUMPTION AND ASSIGNMENT OF CERTAIN EXECUTORY CONTRACTS AND UNEXPIRED LEASES, AND (IV) GRANTING RELATED RELIEF (related document:81 ORDER: (A) APPROVING STALKING HORSE ASSET PURCHASE AGREEMENT AND BIDDING PROCEDURES, INCLUDING BID PROTECTIONS; (B) SCHEDULING AUCTION AND HEARING TO CONSIDER FINAL APPROVAL OF SALE OF ASSETS AND ASSUMPTION OF EXECUTORY CONTRACTS AND UNEXPIRED LEASES; (C) APPROVING FORM AND MANNER OF NOTICE THEREOF; AND (D) GRANTING RELATED RELIEF (related document:21 Motion re: Debtor's Motion for Entry of Orders (I) (A) Establishing Bid Procedures Relating to the Sale of Substantially All of the Debtor's Assets; (B) Approving Bid Protections for the Stalking Horse Purchaser, Including Break-Up Fee and Expense Reimbursement, (C) Establishing Procedures Relating to the Assumption and Assignment of Certain Executory Contracts and Unexpired Leases; and (D) Scheduling a Hearing to Consider the Proposed Sale and Approving the Form and Manner of Notice Thereof and (II) (A) Approving the Proposed Sale; (B) Approving the Assumption and Assignment of Executory Contracts and/or Unexpired Leases; and (C) Granting Related Relief Filed by Stephen M. Packman on behalf of Plastic Suppliers, Inc. 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 1/31/2025. (har) (Entered: 01/31/2025)
01/31/2025Text Order: The court having considered the concerns/objections from the various parties concerning the proposed ORDER (I) APPROVING ASSET PURCHASE AGREEMENT, (II) AUTHORIZING THE SALE OF SUBSTANTIALLY ALL OF THE DEBTORS ASSETS FREE AND CLEAR OF ALL LIENS, CLAIMS, ENCUMBRANCES, AND INTERESTS, (III) AUTHORIZING THE ASSUMPTION AND ASSIGNMENT OF CERTAIN EXECUTORY CONTRACTS AND UNEXPIRED LEASES, AND (IV) GRANTING RELATED RELIEF, (the Order) finds that the United States Trustee, pursuant to 11 U.S.C. Section 307, has standing to appear and be heard on its concerns/objections regarding the language of paragraphs CC and 22 of the Order, but nevertheless based upon sufficient notice of the Order having been provided to the affected parties, as well as the affected parties ability to seek relief if the cure payments are not made, the court overrules of the Trustees objections/concerns and will enter the Order as proposed. Signed on 1/31/2025. (har) (Entered: 01/31/2025)
01/31/2025133Correspondence re: Response E-mail from Jeff Sponder responding to Purchaser's e-mail (related document:81 ORDER: (A) APPROVING STALKING HORSE ASSET PURCHASE AGREEMENT AND BIDDING PROCEDURES, INCLUDING BID PROTECTIONS; (B) SCHEDULING AUCTION AND HEARING TO CONSIDER FINAL APPROVAL OF SALE OF ASSETS AND ASSUMPTION OF EXECUTORY CONTRACTS AND UNEXPIRED LEASES; (C) APPROVING FORM AND MANNER OF NOTICE THEREOF; AND (D) GRANTING RELATED RELIEF (related document:21 Motion re: Debtor's Motion for Entry of Orders (I) (A) Establishing Bid Procedures Relating to the Sale of Substantially All of the Debtor's Assets; (B) Approving Bid Protections for the Stalking Horse Purchaser, Including Break-Up Fee and Expense Reimbursement, (C) Establishing Procedures Relating to the Assumption and Assignment of Certain Executory Contracts and Unexpired Leases; and (D) Scheduling a Hearing to Consider the Proposed Sale and Approving the Form and Manner of Notice Thereof and (II) (A) Approving the Proposed Sale; (B) Approving the Assumption and Assignment of Executory Contracts and/or Unexpired Leases; and (C) Granting Related Relief Filed by Stephen M. Packman on behalf of Plastic Suppliers, Inc.. Service of notice of the entry of this order pursuant to Rule 9022 was made on the appropriate parties. SALE HEARING SCHEDULED FOR 1/29/2025 AT 10:00 AM. See BNC Certificate of Notice. Signed on 1/10/2025. (cmf)) filed by Jeffrey M. Sponder on behalf of U.S. Trustee. (har) (Entered: 01/31/2025)
01/31/2025132Correspondence re: E-mail from Brett Moore responding to Mr. Sponder's e-mail (related document:81 ORDER: (A) APPROVING STALKING HORSE ASSET PURCHASE AGREEMENT AND BIDDING PROCEDURES, INCLUDING BID PROTECTIONS; (B) SCHEDULING AUCTION AND HEARING TO CONSIDER FINAL APPROVAL OF SALE OF ASSETS AND ASSUMPTION OF EXECUTORY CONTRACTS AND UNEXPIRED LEASES; (C) APPROVING FORM AND MANNER OF NOTICE THEREOF; AND (D) GRANTING RELATED RELIEF (related document:21 Motion re: Debtor's Motion for Entry of Orders (I) (A) Establishing Bid Procedures Relating to the Sale of Substantially All of the Debtor's Assets; (B) Approving Bid Protections for the Stalking Horse Purchaser, Including Break-Up Fee and Expense Reimbursement, (C) Establishing Procedures Relating to the Assumption and Assignment of Certain Executory Contracts and Unexpired Leases; and (D) Scheduling a Hearing to Consider the Proposed Sale and Approving the Form and Manner of Notice Thereof and (II) (A) Approving the Proposed Sale; (B) Approving the Assumption and Assignment of Executory Contracts and/or Unexpired Leases; and (C) Granting Related Relief Filed by Stephen M. Packman on behalf of Plastic Suppliers, Inc.. Service of notice of the entry of this order pursuant to Rule 9022 was made on the appropriate parties. SALE HEARING SCHEDULED FOR 1/29/2025 AT 10:00 AM. See BNC Certificate of Notice. Signed on 1/10/2025. (cmf)) filed by Brett S. Moore on behalf of Official Committee of Unsecured Creditors. (har) (Entered: 01/31/2025)
01/31/2025131Correspondence re: Follow-up e-mail from Mr. Leney to Mr. Sponder's e-mail (related document:81 ORDER: (A) APPROVING STALKING HORSE ASSET PURCHASE AGREEMENT AND BIDDING PROCEDURES, INCLUDING BID PROTECTIONS; (B) SCHEDULING AUCTION AND HEARING TO CONSIDER FINAL APPROVAL OF SALE OF ASSETS AND ASSUMPTION OF EXECUTORY CONTRACTS AND UNEXPIRED LEASES; (C) APPROVING FORM AND MANNER OF NOTICE THEREOF; AND (D) GRANTING RELATED RELIEF (related document:21 Motion re: Debtor's Motion for Entry of Orders (I) (A) Establishing Bid Procedures Relating to the Sale of Substantially All of the Debtor's Assets; (B) Approving Bid Protections for the Stalking Horse Purchaser, Including Break-Up Fee and Expense Reimbursement, (C) Establishing Procedures Relating to the Assumption and Assignment of Certain Executory Contracts and Unexpired Leases; and (D) Scheduling a Hearing to Consider the Proposed Sale and Approving the Form and Manner of Notice Thereof and (II) (A) Approving the Proposed Sale; (B) Approving the Assumption and Assignment of Executory Contracts and/or Unexpired Leases; and (C) Granting Related Relief Filed by Stephen M. Packman on behalf of Plastic Suppliers, Inc.. Service of notice of the entry of this order pursuant to Rule 9022 was made on the appropriate parties. SALE HEARING SCHEDULED FOR 1/29/2025 AT 10:00 AM. See BNC Certificate of Notice. Signed on 1/10/2025. (cmf)) filed by Douglas G. Leney on behalf of Plastic Suppliers, Inc.. (har) (Entered: 01/31/2025)