An iconic American whiskey brand is teetering on the brink of Chapter 7 liquidation, which would force the sale of its vast vineyards and real estate portfolio.
While in receivership, Uncle Nearest Inc. has also been caught in a bitter battle between its founders and one of its major creditors.
The brand’s financial woes center on a $108 million lawsuit filed by its creditor, Farm Credit Mid-America, which alleges it is owed the staggering sum.
But, amid that battle, the whiskey firm’s founders, Fawn and Keith Weaver, are also grappling with their company’s court-appointed receivership.
That receivership is being overseen by Tennessee attorney Phillip G. Young, who planned to liquidate many of the firm’s assets.
Fawn and Keith…