Entrepreneur and Slutty Vegan founder Pinky Cole is speaking out after alleging that one of her creditors wrongfully seized her property despite her active bankruptcy case.
According to reports, Cole has filed a plea with the court after a creditor, identified as Guardian Asset Management, allegedly took control of her six-bedroom, four-bathroom home located in Loganville, Georgia. The company reportedly posted a notice on the property and changed the locks—actions Cole claims should not have occurred due to her recent Chapter 11 bankruptcy filing.
Under Chapter 11 bankruptcy protections, an “automatic stay” is typically put in place. This legal protection is designed to immediately halt most collection efforts, including foreclosures, repossessions, and property seizures. Cole asserts that her legal team attempted to notify the creditor of her filing, but by the time communication was made, the property had already been taken over.
The situation has reportedly caused significant financial strain for the business owner. Cole had plans to rent out the property and already had a tenant scheduled to move in on April 1. With the home now inaccessible, that opportunity—and the expected income—has been disrupted.
Court filings also indicate that Cole is currently navigating substantial financial challenges, including millions of dollars in debt. Reports state that her current personal income is limited, with approximately $15,000 per month being earned through her husband.
This development has sparked conversations around bankruptcy protections and whether creditors are always properly held accountable when those protections are violated. If Cole’s claims are proven true, the creditor’s actions could potentially be seen as a violation of federal bankruptcy law.
As the case unfolds, many are watching closely—not only because of Cole’s public profile, but also because of the broader implications this situation may have for business owners navigating financial restructuring.
At its core, this situation highlights the complexities of entrepreneurship, financial recovery, and the legal systems designed to protect individuals during times of hardship.
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