Apparently Fawn spoke too soon...
From The Spirits Business
Uncle Nearest’s attempt to remove itself from receivership via a Chapter 11 bankruptcy petition this week has been thwarted, after a judge dismissed the motion in court.
Filing for Chapter 11 bankruptcy triggers an automatic stay that halts most enforcement actions, which the Weavers hoped would therefore relinquish control of the assets back to them as the debtors-in-possession.
However, the court orders say that only the receiver has the power to take Uncle Nearest or any of the receivership entities into bankruptcy protection. As such, Philip Young, the receiver for Uncle Nearest, filed an expedited motion for sanctions against Fawn Weaver and/or her counsel for her “wanton and wilful violation of this court’s order appointing the receiver” later on Tuesday evening.
An expedited hearing to dismiss was held yesterday on the motions filed by both the receiver and Kentucky lender FCMA.
The bank said if bankruptcy was allowed, the receiver should be appointed trustee, noting that under Fawn Weaver’s management, Uncle Nearest failed to file tax returns for at least five years.
The bank also raised the issue of the disputed US$20m loan from Jay-Z’s MarcyPen venture capital fund as an example of Fawn Weaver’s “admitted fraudulent conduct.”
According to the court docket, the motions were granted, the case was dismissed, and Young remains the receiver for Uncle Nearest.
6 comments:
HERES MY QUESTION
WHO is Philip Young, the receiver for Uncle Nearest,
Why is he trying so hard , to control Fawns whiskey business.
Somebody find out what his vested interest in this is
HOW IS HE CONNECTED & WHOM IS CONNECTED TO
I know Uncle Nearest creditor is Farm Credit Mid-America (FCMA) of Louisville Kentucky
and Philip Young, the receiver for Uncle Nearest, is court appointed
How & why was he seletected by a judge
random guy? and random judge? in Kentucky
what in the Heck in going on here guys
Fawn says they are under attack
and there is a calculated
movement to snake away her business
Look Whiskey businesses go under all the time...
its NOT front page news in all of popular media...
Fawn says some one is paying for negative press hit pieces against her
If you look up what a business receivership is your questions would be answered. The receiver has no vested interest in the business. Education is powerful
What does the receiver's connections have to do with Fawn Weaver not filing taxes for Uncle Nearest for five years?
Y'all can keep drinking Fawn's koolaid if you want to but I'm done. I was rooting for her but she keeps making me look like a fool.
@12:31 In a perfect world, yes. But in a crooked society, questions may be valid.
@12:31 lol lol lol, you must be very naive
let me rephrase your statement below
If you look up what a CROOKED JUDGE IS, or crooked judges in Kentucky, or criminal court appointed receivership fraud with crooked judges you wouldnt have made that statement. Education is powerful
read this article on Reuters while your at it titled
"Thousands of U.S. judges who broke laws or oaths remained on the bench"
https://www.reuters.com/investigates/special-report/usa-judges-misconduct/
@1:47 Thank you , you get it.
Post a Comment