Lender Seeks Receiver as Summit Brewing Faces Foreclosure in St. Paul
A lender has filed a foreclosure lawsuit against Summit Brewing Company for more than $8 million in unpaid debt, seeking a court-appointed receiver after Summit allegedly missed a loan payment and signaled deteriorating liquidity despite a forbearance through July. Summit says it will continue daily operations while pursuing alternative paths with outside advisors, and no court date has yet been scheduled.