US Bankruptcy Judge Blocks Fawn Weaver’s Chapter 11 Filing Since It Violates Receivership Orders – AfroTech
A judge has blocked Fawn Weaver’s bankruptcy petitions, according to The Tennessean.
As AFROTECH™ previously reported, court-appointed receiver Phillip G. Young Jr. oversees the whiskey brand’s assets, including real estate holdings, intellectual property, affiliated ventures, and related entities.
Weaver took to Instagram on March 17 and announced, “The receivership of Uncle Nearest is done.” The receivership had been in place since August 2025 after the company allegedly defaulted on more than $108 million in loans to its lender, Farm Credit Mid-America.
“If you’ve been reading the headlines lately, you probably thought that wasn’t possible, but rest assured it always was, and it is,” Fawn said in the video. “I’m so grateful to God for our leadership team, who kept their heads down and kept working.”
Simultaneously, Fawn, Keith, and her investment holding company, Grant Sidney, filed a lawsuit against Farm Credit in the Supreme Court of the State of New York, according to a press release. They claim the lender presented false accusations that tainted the brand’s credibility and framed it as a “smear campaign.”
Additionally, Fawn Weaver filed for Chapter 11 bankruptcy, notes the release. The filing reflects $13,188,927 in unsecured obligations, though per Young’s reports, the company’s debt now stands closer to $99 million, reports The Tennessean.
However, that filing was blocked on March 19 by U.S. Bankruptcy Judge Suzanne Bauknight, according to The Tennessean. Bauknight also noted that Fawn Weaver’s authority over Uncle Nearest, while under receivership, was to market and manage it. Filing for bankruptcy went against the orders of U.S. District Judge Charles Atchley Jr., who is overseeing the case.
Fawn would need Young’s approval, along with the approval of the company’s board of directors — which no longer exists under the receivership — in order to file for bankruptcy, reports The Tennessean.
