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Uncle Nearest Receiver Says Company Is Insolvent And Could Shut Down Within A Month Without Ongoing Lender Support
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Uncle Nearest Receiver Says Company Is Insolvent And Could Shut Down Within A Month Without Ongoing Lender Support
The receiver of Uncle Nearest says the company is insolvent. Phillip G. Young Jr. is the court-appointed receiver of the whiskey brand Uncle Nearest, owned by Fawn Weaver and her husband, Keith. The receiver was appointed after the company defaulted on more than $108 million in loans, as AFROTECH previously reported. Young now oversees assets such as Uncle Nearest’s distillery in Shelbyville, along with its real estate holdings, intellectual pro…
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