By Andrea Bossi ·Updated February 4, 2026 /> Getting your Trinity Audio player ready…
Uncle Nearest is in financial turmoil and now at risk of foreclosure, according to new documents in an ongoing case.
The Black-owned whiskey brand is at risk of financial insolvency and owes millions of dollars to external parties, like its vendors, according to claims from the company’s receiver in an affidavit filed on February 2 in the U.S. District Court for the Eastern District of Tennessee. This stems from Farm Credit Mid-America, the company’s main creditor, filing a lawsuit against Uncle Nearest, Inc. and its founders Fawn and Keith Weaver in July 2025, that claimed it was owed $108 million. The lender alleged the company has been in default on its loans as early as January 2024.
If the court-appointed receivership (which is led by Tennessee attorney Phillip G. Young) ends, there’s a chance
Author: Kimberly Wilson
Read the original article on Essence.