Judge Rules Receivership is “Necessary” for Uncle Nearest

Dear Client: Tennessee-based Uncle Nearest will officially be placed into receivership after defaulting on about $100 million in loans, a judge ruled yesterday.  HOW WE GOT HERE. Earlier this month Farm Credit Mid-America filed suit against Uncle Nearest Distillery, Uncle Nearest Real Estate Holdings LLC, as well as founders Fawn and Keith Weaver, alleging breach of loan agreements [see WSD 08-04-2025].  The two first entered a loan agreement in July 2022, starting with a $35 million revolving loan and a