Paramount Drug, LLC

New Jersey Bankruptcy Court
Chapter 11
Judge:Andrew B Altenburg Jr
Case #: 1:25-bk-12381
Case Filed:Mar 07, 2025

TypeCorporation
Tax IDsubscribers only
# of Creditors1-49
Est. Assets$100,001 to $500,000
Est. Liabilities $1,000,001 to $10 million
Nature of Business Other
Nature of Debts Primarily Business
Small BusinessYes

Debtor
Paramount Drug, LLC
54 E. Scott Street
Riverside, NJ 08075
Represented By
Carol L. Knowlton
Gorski And Knowlton PC
contact info
Last checked: Monday Mar 10, 2025 3:26 PM EDT
U.S. Trustee
U.S. Trustee
US Dept of Justice Office of the US Trustee One Newark Center Ste 2100
Newark, NJ 07102


Docket last updated: 53 minutes ago
Tuesday, March 11, 2025
19 19 misc Certificate of Service Tue 03/11 11:41 AM
Certificate of Service Related [+] filed by Carol L. Knowlton on behalf of Paramount Drug, LLC. (Knowlton, Carol)
Related: [-] 9 Motion to Use Cash Collateral filed by Debtor Paramount Drug, LLC,10 Motion (Generic) filed by Debtor Paramount Drug, LLC,12 Motion (Generic) filed by Debtor Paramount Drug, LLC,13 Motion to Continue Credit Card Facilities filed by Debtor Paramount Drug, LLC,14 Application for Expedited Consideration of First Day Matters filed by Debtor Paramount Drug, LLC,15 Order Expediting Consideration of First Day Matters
18 18 misc Certificate of Service Tue 03/11 11:40 AM
Certificate of Service Related [+] filed by Carol L. Knowlton on behalf of Paramount Drug, LLC. (Knowlton, Carol)
Related: [-] 9 Motion to Use Cash Collateral filed by Debtor Paramount Drug, LLC,10 Motion (Generic) filed by Debtor Paramount Drug, LLC,11 Motion (Generic) filed by Debtor Paramount Drug, LLC,12 Motion (Generic) filed by Debtor Paramount Drug, LLC,13 Motion to Continue Credit Card Facilities filed by Debtor Paramount Drug, LLC,14 Application for Expedited Consideration of First Day Matters filed by Debtor Paramount Drug, LLC,15 Order Expediting Consideration of First Day Matters
17 17 misc Notice of Appearance and Request Tue 03/11 9:28 AM
Notice of Appearance and Request for Service of Notice filed by Carol A. Slocum on behalf of AmerisourceBergen Drug Corporation. (Slocum, Carol)
Related: [-]
utility Add Attorney Tue 03/11 10:52 AM
Attorney Jeffrey M. Sponder for U.S. Trustee added to case (jgd)
Related: [-]
utility Add Attorney Tue 03/11 1:13 PM
Attorney Carol Ann Slocum for AmerisourceBergen Drug Corporation added to case (jgd)
Related: [-]
Monday, March 10, 2025
16 16 misc Notice of Appearance and Request Mon 03/10 8:49 PM
Notice of Appearance and Request for Service of Notice filed by Jeffrey M. Sponder on behalf of U.S. Trustee. (Sponder, Jeffrey)
Related: [-]
15 15 order Expedited Consideration of First Day Matters Mon 03/10 3:20 PM
Order Granting Application for Expediting Consideration of First Day Matters Related [+]. Matters to be heard on March 12, 2025 @ 11:30 a.m. 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 3/10/2025. (har)
Related: [-] 14
14 14 2 pgs motion Expedited Consideration of First Day Matters (For Ch. 11 Cases Only) Mon 03/10 2:36 PM
Application for Expedited Consideration of First Day Matters Related [+] Filed by Carol L. Knowlton on behalf of Paramount Drug, LLC. (Knowlton, Carol)
Related: [-] 9 Motion to Use Cash Collateral filed by Debtor Paramount Drug, LLC,10 Motion (Generic) filed by Debtor Paramount Drug, LLC,11 Motion (Generic) filed by Debtor Paramount Drug, LLC,12 Motion (Generic) filed by Debtor Paramount Drug, LLC,13 Motion to Continue Credit Card Facilities filed by Debtor Paramount Drug, LLC
Att: 1 Proposed Order
13 13 2 pgs motion Continue Credit Card Facilities Mon 03/10 2:32 PM
Motion for an Order Authorizing Debtor to Continue Credit Card Facilities Filed by Carol L. Knowlton on behalf of Paramount Drug, LLC.. (Knowlton, Carol)
Related: [-]
Att: 1 Certification
Att: 2 Exhibit A
Att: 3 Proposed Order
12 12 2 pgs motion Motion (Generic) - Only use if no other event is applicable Mon 03/10 2:29 PM
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.. (Knowlton, Carol)
Related: [-]
Att: 1 Certification
Att: 2 Proposed Order
11 11 2 pgs motion Motion (Generic) - Only use if no other event is applicable Mon 03/10 2:24 PM
Motion re: to Authorize Debtor to Pay Pre-Petition Wages, Taxes, etc. Filed by Carol L. Knowlton on behalf of Paramount Drug, LLC.. (Knowlton, Carol)
Related: [-]
Att: 1 Certification
Att: 2 Proposed Order
10 10 2 pgs motion Motion (Generic) - Only use if no other event is applicable Mon 03/10 2:19 PM
Motion re: to Permit Debtor to Maintain Certain Existing Bank Account Filed by Carol L. Knowlton on behalf of Paramount Drug, LLC.. (Knowlton, Carol)
Related: [-]
Att: 1 Certification
Att: 2 Proposed Order
9 9 2 pgs motion Use Cash Collateral Mon 03/10 2:06 PM
Motion to Use Cash Collateral Filed by Carol L. Knowlton on behalf of Paramount Drug, LLC.. (Knowlton, Carol)
Related: [-]
Att: 1 Verified Application
Att: 2 Exhibit A-Cash Flow Projections
Att: 3 Proposed Order
8 8 court Notice of Hearing (Upload) Mon 03/10 11:08 AM
Notice of Hearing for: Subchapter V Status Conference. Related [+]. 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. (har)
Related: [-] 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
court Notice of Docketing Error Mon 03/10 2:26 PM
Correction Notice in Electronic Filing Related [+]. Type of Error: Professional's name and address not listed in Proposed Order, filed by Carol L. Knowlton. Please correct and email the Proposed Order to chambers. (as)
Related: [-] 7 Application for Retention filed by Debtor Paramount Drug, LLC
court Hearing Scheduled (Document) Mon 03/10 3:21 PM
Hearing Scheduled. Related [+] Hearing scheduled for 3/12/2025 at 11:30 AM, ABA - Courtroom 4B, Camden.. (har)
Related: [-] 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,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,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,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,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
Friday, March 07, 2025
7 7 3 pgs motion Retention (Do Not Use to Employ/Appoint an Examiner) Fri 03/07 12:37 PM
Application For Retention of Professional Gorski & Knowlton PC as Attorneys for Debtor Filed by Carol L. Knowlton on behalf of Paramount Drug, LLC. Objections due by 3/28/2025. (Knowlton, Carol)
Related: [-]
Att: 1 Certification
Att: 2 Exhibit -Retainer Agreement
Att: 3 Proposed Order
Att: 4 Certificate of Service
6 6 misc Tax Information Fri 03/07 11:46 AM
Tax Information for the Year 2023 filed by Carol L. Knowlton on behalf of Paramount Drug, LLC. (Knowlton, Carol)
Related: [-]
5 5 misc Balance Sheet Fri 03/07 11:44 AM
Balance Sheet filed by Carol L. Knowlton on behalf of Paramount Drug, LLC. (Knowlton, Carol)
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4 4 misc Statement of Operations Fri 03/07 11:39 AM
Statement of Operations for Small Business filed by Carol L. Knowlton on behalf of Paramount Drug, LLC. (Knowlton, Carol)
Related: [-]
3 3 misc Cash Flow Statement Fri 03/07 11:37 AM
Cash Flow Statement for Small Business filed by Carol L. Knowlton on behalf of Paramount Drug, LLC. (Knowlton, Carol)
Related: [-]
2 2 misc Document Fri 03/07 11:30 AM
Document re: Statement Regarding Authority to Sign and File Petition Related [+] filed by Carol L. Knowlton on behalf of Paramount Drug, LLC. (Knowlton, Carol)
Related: [-] 1 Voluntary Petition (Chapter 11) filed by Debtor Paramount Drug, LLC
1 1 36 pgs misc Voluntary Petition (Chapter 11) Fri 03/07 11:22 AM
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. (Knowlton, Carol)
Related: [-]
crditcrd Credit Card/Debit Card Receipt Fri 03/07 11:25 AM
Receipt of filing fee for Voluntary Petition (Chapter 11)([LINK 25-12381 ) [misc,volp11a] (1738.00) Filing Fee. Receipt number A47891252, fee amount $ 1738.00. Related [+] (U.S. Treasury)
Related: [-] Doc#1