US EditionSlutty Vegan's Pinky Cole Wins Fight Against Loganville Home Seizure
The judge ruled the seizure violated bankruptcy protections, depriving Cole of rental income crucial for repaying $1.4 million in debts, and ordered immediate return of the home.
- On Thursday, a federal bankruptcy judge ordered Guardian Asset Management to return a Loganville home to Slutty Vegan founder Pinky Cole, ruling that the creditor's seizure violated the automatic stay.
- Cole filed for Chapter 11 bankruptcy protection in February, but Guardian subsequently seized the Loganville residence, ignoring the automatic stay that halts collection efforts once a petition is filed.
- Records show Cole owes $1.2 million to the U.S. Small Business Administration and nearly $192,000 to the Georgia Department of Revenue; she sought to rent the property to generate income for reorganization.
- "I feel vindicated," Cole told WSB-TV after the court ordered locks changed and the property returned. The judge determined the seizure deprived her of necessary rental income, hindering her ability to repay creditors.
- Cole's attorneys are expected to present a reorganization plan to the court in the coming days, though it remains unclear whether Guardian will challenge the ruling or take further legal action.
18 Articles
18 Articles
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“Slutty Vegan” founder and “Real Housewives of Atlanta” freshman Pinky Cole has regained control of the Atlanta-area home she said she was locked out of by creditors. Cole told a Georgie judge last week that her 2,814-square-foot home in ...
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#RHOA Relief: Pinky Cole Scores Legal Win In Federal Bankruptcy Court, Creditor Ordered To Give Back Her Home
Source: Rodin Ekenroth / Getty Pinky Cole is feeling #RHOA relieved after securing a legal win in federal bankruptcy court. “I’m just happy to get back what is mine,” said the restaurateur turned reality star. As previously reported, TMZ broke the news that a Loganville home owned by Cole had been seized by creditor Guardian Asset Management. According to court documents obtained by the outlet, the company took control of the property on Feb. 2…
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