New ‘RHOA’ Star Pinky Cole Scores Legal Victory After Creditors Seize Home
The Real Housewives of Atlanta cast member Pinky Cole has scored a legal win in her bankruptcy case.
Cole, an entrepreneur making her debut on Bravo series in season 17, recently made headlines when creditors seized an Atlanta-area home she owns.
Cole and her lawyers immediately objected to the seizure of the investment property, which occurred on February 20. They argued that the move by Guardian Asset Management violated an automatic stay that prohibits creditors from seizing property during a bankruptcy proceeding.
Earlier in February, the founder of the Slutty Vegan restaurant chain filed for chapter 11 bankruptcy. According to court filings, she owes $1.2 million to the U.S Small Business Administration. She also owes the Georgia Department of Revenue nearly $200,000.
On Thursday, a judge ruled in Cole’s favor, agreeing that the home should be returned to the RHOA star. He also ordered Guardian Asset Management to cover her attorney’s fees.
“The moment Ms. Cole filed her bankruptcy petition, she was protected by the automatic stay, meaning that no creditor can seize her personal property,” Cole’s lawyer, Jamie A. Christy, explained. “The creditor’s refusal to return the property to the bankruptcy estate after being notified that it violated the automatic stay constituted complete indifference to bankruptcy protections. Today’s ruling shows that bankruptcy courts do not take kindly to creditors who willfully and brazenly violate bankruptcy protections.”
The Real Housewives of Atlanta Season 17 premieres April 5 on Bravo. Episodes stream the next day on Peacock.
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