Real Housewives of Atlanta newbie Pinky Cole just scored herself a major legal win. Earlier this year, this Slutty Vegan CEO filed for bankruptcy. But recently, one of her creditors, Guardian Asset Management, seized one of her investment properties, weirdly overlooking Pinky’s court-awarded automatic stay. So, Pinky’s team scheduled an emergency hearing, which took place only yesterday. And, luckily for Pinky, her federal bankruptcy judge delivered a ruling that landed heavily in her favor.
Pinky Cole’s property has been returned
Earlier this month, Pinky set the media world ablaze. Her name was trending, thanks to her very first set of scandalous headlines as a Real Housewives star. As these headlines revealed, Pinky filed for Chapter 11 bankruptcy. She reportedly owed the United States Small Business Administration $1.2 million, with an additional $192,000 debt owed to the Georgia Department of Revenue.
Chapter 11 bankruptcies trigger automatic stays. These legal protections prohibit creditors from seizing your property. They also stop all legal collection against your estate. Even still, DGG Re Investment, LLC, doing business as Guardian Asset Management, ignored the law and seized her property anyway.
Pinky’s team fought hard against this unlawful seizure. And they won. “I feel relieved that the court gave me authority to reclaim my property,” Pinky told Channel 2’s Audrey Washington.
Furthermore, Pinky stressed, “I really do hope that this is a lesson to creditors who brazenly violate the automatic stay and harm debtors because this was not right. But I feel vindicated, and I’m happy to have my property back in my possession. I’m just happy to get back what is mine, so today is a good day.”
The Real Housewives of Atlanta premieres on Sunday, April 5 at 8/7c. You can stream it the next day on Peacock.
TELL US – ARE YOU EXCITED TO MEET PINKY ON RHOA? WILL SHE EXPERTLY HOLD HER OWN ON THIS CAST, SHOULD HER RECENT FINANCIAL STRUGGLES TURN INTO A STORYLINE?
