Garrard County Distilling Ordered Auctioned for $27.9 Million in Debt

Gerrard County Distilling Co., Lancaster, Ky., is to be auctioned within 90 days to satisfy (hopefully) a $27.9 million judgment arising from unpaid loans, interest and related fees. The judgment was secured by Tom Collins Distillery, a company tied to Sazerac. Tom Collins acquired the debt associated with the propery earlier this year.