Session 1: Uncle Nearest and the Power of Receivership

Speakers: Lance Martin and Lilian Faulconer

Receivership can be one of the most powerful tools in a lender’s arsenal when a borrower defaults and collateral needs protection. Using the headline-grabbing Uncle Nearest Premium Whiskey case from Tennessee, we will explore the power and mechanics of receivership and what lenders can expect if one is put in place — from asset preservation to ongoing business operations.