Uncle Nearest receiver Phillip G. Young Jr. has rejected a request to provide an emergency bankruptcy appeal filed in Uncle Nearest’s name, according to the Moore County Observer.
Fawn Weaver filing for bankruptcy
Fawn Weaver tried to file Chapter 11 bankruptcy petitions for Uncle Nearest Inc., Nearest Green Distillery Inc., and Uncle Nearest Real Estate Holdings LLC. on March 17. But the bankruptcy court dismissed the cases two days later, stating that Weaver lacked the power to file them because the receivership order vested that power in Young.
Farm Credit and Young believe that Weaver lacked the authority to file for Chapter 11 bankruptcy after the court placed the company and its related assets under receivership. Additionally, they argue that Weaver’s attempt to file for bankruptcy is “another attempt to end the receivership and regain control of Uncle Nearest” and that the motion highlights repeated arguments already raised in the larger receivership case.
Lawusit against Uncle Nearest
In 2025, Uncle Nearest was hit with a $100 million lawsuit alleging it failed to repay its loans, according to court documents. Nearest Green Distillery, which sells Uncle Nearest premium whiskey across the US, has been accused of breaching loan agreements with its lender.
The lawsuit has been filed by Louisville-based Farm Credit Mid-America, which accused the company’s founders, Fawn Weaver and her husband, Keith Weaver, of breach of contract, alleging they defaulted on multiple loans totaling $108 million, including interest.
It also alleges that the company refused to provide adequate information and used loan proceeds to purchase a $2 million Martha’s Vineyard home, mortgaging the property to another lender, according to The Independent.
Image: Nathan Morgan
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