Uncle Nearest lawsuit?

[Mikepd]

Originally Posted by jledou

Listening to Bourbon Pursuit this weekend, they speculated about some of the big companies and would they have enough liquidity right now to buy up the stock and the brand, which is what the bank would have to hope for to recoup some of their money.

Seems like we are starting to see a lot of stress on cash flow and overstock in the bourbon market right now.

I’d imagine if the judgment ultimately transferred the ownership of the distillery and product to the equity group who produced the loan; they would keep day to day operations the same (minus those involved in the “theft”) until they were able to get a handle on the actual structure and value of a sale listed which could take 6-36 months+.

The loan provider just cares about securing the liability of a loan with the value of an asset. I’m sure they don’t want to be running a distillery, but it’s common in situations like this, they’ll do whatever they need to do temporarily, or find people to do it, to secure the asset(s).