Uncle Nearest Enters Receivership Amid $108M Loan Dispute

Iconic whiskey brand Uncle Nearest has entered receivership after Farm Credit Mid‑America alleged a roughly $108 million loan default, and the company faces a likely Chapter 11 filing. A receiver is preparing to sell non‑core assets, including French vineyards and a Cognac château, to stabilize operations. The receiver says the core Uncle Nearest brand remains viable and continues to attract investor interest. Receivership actions have helped secure short‑term funding and preserved operational roles for existing employees, according to officials. The case is part of a broader 2025 wave of bankruptcies and restructuring across hospitality, craft‑beer and spirits businesses facing margin pressure.