New Delhi, Oct. 26 -- Uncle Nearest has once again met with an economic roadblock. According to The Street, the 159-year-old whiskey brand could soon declare bankruptcy and file for Chapter 11. This comes after the brand headed into receivership in August this year.

The company is best known for its history and legacy, dating back to the 1850s. This is the second time in 2025 when Uncle Nearest will be filing for bankruptcy.

The first request for Chapter 11 bankruptcy was filed in March, as per another report by The Street. The company held a decline in demand, increased cost of operation, and inflation responsible for its economic loss.

The brand traces its roots to one man, Nathan 'Nearest' Green, also known as a teacher to Jasper Ne...