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

    04/03/2025

  • 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

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
04/03/202543Final Order Authorizing Use of Cash Collateral (Related Doc # [9]). 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 4/3/2025. (har)
04/03/2025Minute of 4/3/2025 Hearing Held, OUTCOME: No objections filed, allowing Interim Order to become Final Order. (related document:11 Motion re: to Authorize Debtor to Pay Pre-Petition Wages, Taxes, etc. Filed by Carol L. Knowlton on behalf of Paramount Drug, LLC.. (Attachments: # 1 Certification # 2 Proposed Order) Filed by Debtor Paramount Drug, LLC) (as)
04/03/2025Minute of 4/3/2025 Hearing Held, OUTCOME: No objections filed, allowing Interim Order to become Final Order. (related document:13 Motion for an Order Authorizing Debtor to Continue Credit Card Facilities Filed by Carol L. Knowlton on behalf of Paramount Drug, LLC.. (Attachments: # 1 Certification # 2 Exhibit A # 3 Proposed Order) Filed by Debtor Paramount Drug, LLC) (as)
04/03/2025Minute of 4/3/2025 Hearing Held, OUTCOME: No objections filed, allowing Interim Order to become Final Order. (related document:12 Motion re: for Authorization to Pay Outstanding and Unpaid Pre-Petition Debt to Critical Vendor Filed by Carol L. Knowlton on behalf of Paramount Drug, LLC.. (Attachments: # 1 Certification # 2 Proposed Order) Filed by Debtor Paramount Drug, LLC) (as)
04/03/2025Minute of 4/3/2025 Hearing Held, OUTCOME: No objections filed, allowing Interim Order to become Final Order. (related document:10 Motion re: to Permit Debtor to Maintain Certain Existing Bank Account Filed by Carol L. Knowlton on behalf of Paramount Drug, LLC.. (Attachments: # 1 Certification # 2 Proposed Order) Filed by Debtor Paramount Drug, LLC) (as)
04/03/2025Minute of 4/3/2025 Hearing Held, OUTCOME: Objections resolved. Final Order to be submitted. (related document:9 Motion to Use Cash Collateral Filed by Carol L. Knowlton on behalf of Paramount Drug, LLC.. (Attachments: # 1 Verified Application # 2 Exhibit A-Cash Flow Projections # 3 Proposed Order) Filed by Debtor Paramount Drug, LLC) (as)
04/03/2025Attorney Ana Parikh for Kapitus Servicing Inc. as authorized sub-servicing agent of Kapitus LLC added to case (jgd)
04/02/202542BNC Certificate of Notice - Order No. of Notices: 1. Notice Date 04/02/2025. (Admin.)
04/02/202541Notice of Appearance and Request for Service of Notice filed by Ana Parikh on behalf of Kapitus Servicing Inc. as authorized sub-servicing agent of Kapitus LLC. (Parikh, Ana)
03/31/202540Order Granting Application to Employ Carol L. Knowlton/Gorski & Knowlton PC as Attorneys for Debtor-In-Possession (Related Doc # [7]). 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 3/31/2025. (har)