Judge names receiver to oversee Schwebel’s
The specialist hired in March by Schwebel Baking Co. to restructure the faltering venture was appointed Monday to wind down operations of the baked goods business. U.S. District Judge John R. Adams named Jacen Dinoff as receiver in response to Spectrum Commercial Finance’s emergency motion filed July 15. The founder and owner of KCP Advisory Group in Boston, Dinoff served as Schwebel’s chief restructuring officer. Last week, the Bloomington, Minnesota, commercial lender sought to enforce a forbearance agreement after Schwebel’s defaulted on a scheduled payment. The lender sued ...