When does a warehouse full of alcohol become a disposal bill instead of collateral?

On February 24, 2025, Brown-Forman announced that its California distribution would move to Reyes effective May 1, while noting continuing RNDC relationships in 23 other states. California's July 1 closure notices followed 127 days after that announcement. The state report lists nine addresses and 1,756 affected positions, effective September 2. Three sites, listing 392 positions, appear under Young's Market Company doing business as RNDC; the other six list 1,364. These are reported positions, not a verified count of completed layoffs. A different risk appears in RNDC's July 27, 2026 court filing. An attached January 5 letter from company counsel argues that state-specific restrictions constrain inventory liquidation, and that unsellable alcohol could require paid transport and destruction. That is counsel's argument, not a court finding. The letter's January date does not establish that it was publicly available then. The resulting question is about recoverable value, not just inventory value: for each state and product, who may buy the stock, which supplier rights remain, and what would disposal cost? A balance-sheet total alone does not answer those questions.