Nearest Green Distillery Faces Uncertainty As Receivership Dispute Unfolds

Black Woman-Owned Uncle Nearest Whiskey, Once Worth $1.1B, Could Now Be At Risk Of Bankruptcy

Uncle Nearest, a Black-owned Tennessee whiskey brand, may be heading towards bankruptcy as disputes persist over which assets fall under a federal receivership, according to recent court filings reviewed by the Lexington Herald-Leader. The development came from a lawsuit filed by lender Farm Credit Mid-America, which claims Uncle Nearest, Nearest Green Distillery, and its founders, Keith and Fawn Weaver, defaulted on more than $100 million in lo…

Nearest Green Distillery Faces Uncertainty As Receivership Dispute Unfolds

Uncle Nearest, the Tennessee-based whiskey brand founded by Fawn Weaver, may be moving toward bankruptcy as disputes continue over which assets fall under a federal receivership, according to recent court filings reviewed by the Lexington Herald-Leader. The developments stem from a lawsuit filed on July 28 by lender Farm Credit Mid-America, which claims Uncle Nearest, Nearest Green Distillery, and the Weavers defaulted on more than $100 million …