Season 17 of The Real Housewives of Atlanta premieres next month, but new cast member Pinky Cole is already making headlines. She’s the owner of a viral restaurant franchise called Slutty Vegan, and it looks like she’s strapped for dough.
Last year, she briefly lost control of Slutty Vegan after restructuring the company to avoid crumbling under a mountain of debt. She successfully bought the company back a few weeks later, but now, she’s right back in another financial nightmare.
Pinky Cole joined The Real Housewives of Atlanta Season 17
According to Fox 5 Atlanta, Pinky filed for Chapter 11 bankruptcy just days after Bravo announced her as part of the RHOA Season 17 cast.
In her legal documents, she said that she owes the United States Small Business Administration $1.2 million. On top of that, she also allegedly owes the Georgia Department of Revenue $192,000.
Pinky’s financial statements listed assets of around $3.75 million, which include clothing, cars, artwork, jewelry, and several investment properties in Georgia and Maryland.
As mentioned, this is just the latest financial setback for Pinky. In early 2025, she had to give up ownership of her Slutty Vegan empire amid significant financial challenges. She bought the business back in March 2025, but they’ve significantly scaled back their operations. They went from 14 locations to just five.
Despite the latest unfortunate news, Pinky seems to be taking things in stride. Following the bankruptcy filing, she posted a video to Instagram making light of her financial struggles. The video showed her packing up her suitcase and “moving” out of her home, dog in hand.
“What people think happens after you file bankruptcy,” she jokingly wrote in the caption.
The Real Housewives of Atlanta returns to Bravo on Sunday, April 5 at 8/7c. You can also stream it on Peacock.
TELL US – ARE YOU SURPRISED BY PINKY’S FINANCIAL SETBACK? ARE YOU LOOKING FORWARD TO SEEING HER ON RHOA?
