Uncle Nearest Founders Request Judge To Terminate Receivership, Claiming Sales Volume Took A Sharp Decline As A Result

Uncle Nearest Founders Request Judge To Terminate Receivership, Claiming Sales Volume Took A Sharp Decline As A Result

Uncle Nearest’s founders are requesting the receivership to be terminated, according to The Lynchburg Times. As AFROTECH previously reported, Uncle Nearest — a whiskey brand that reportedly surpassed a $1 billion valuation — was placed under receivership in August 2025 following claims by its lender, Farm Credit Mid-America, that the company defaulted on more than $108 million in loans. The Weavers allege that Uncle Nearest’s former chief financ…