Aisha “Pinky” Cole, the entrepreneur behind the popular plant-based restaurant chain Slutty Vegan and a newcomer to The Real Housewives of Atlanta, is facing a high-stakes legal dispute over one of her investment properties shortly after filing for bankruptcy.
Pinky Cole, Founder of Slutty Vegan and New ‘RHOA’ Cast Member, Battles Creditor Over Seized Loganville Home
Court documents reveal that a creditor seized her 6-bedroom, 4-bathroom home in Loganville, Georgia, prompting an emergency federal court hearing scheduled for Thursday.
Bankruptcy Filing and Debts
Cole filed for Chapter 11 bankruptcy protection on February 12, 2026, in the U.S. Bankruptcy Court for the Northern District of Georgia.
Chapter 11 allows individuals or businesses to reorganize debts while continuing operations under court supervision.
Her filing lists approximately $1.2 million owed to the U.S. Small Business Administration (SBA)—stemming from a COVID-19 Economic Injury Disaster Loan (EIDL)—and $192,000 to the Georgia Department of Revenue for state taxes, for a total of roughly $1.4 million in reported government-related debts.25
This marks her second recent bankruptcy attempt; she initially filed under Chapter 13 in January 2026 but withdrew it. Cole has described herself in filings as currently unemployed, with income limited primarily to her husband’s approximately $15,000 monthly earnings.
Her assets reportedly include real estate, vehicles (including a bus nicknamed “The Magic School Slut”), restaurant equipment, and personal items, though exact valuations vary across documents.
The Seizure of the Loganville Property
The controversy centers on a 2,814-square-foot investment property in Loganville, about an hour east of Atlanta.
According to Cole’s emergency motion, Guardian Asset Management took control of the home on February 20, 2026—just days after her Chapter 11 filing.
The company reportedly changed the locks, posted a notice on a street-facing window stating the property was under their management, and barred entry until it could be sold.45
Cole’s attorney, Jamie Christy, immediately contacted Guardian, arguing that the actions violated the automatic stay triggered by the bankruptcy filing.
This federal protection generally halts most creditor collection efforts, including foreclosures or seizures, to give the debtor breathing room for reorganization.
Christy followed up with a formal letter the same day demanding the property’s return, but Guardian refused to comply.
Financial Harm and Request for Relief
In court filings, Cole contends the seizure is causing “extreme financial harm.”
She planned to rent out the property to generate income, with a prospective tenant’s lease set to begin on April 1.
Losing access to the rental income exacerbates her financial strain during the bankruptcy process. Her legal team describes the home as an investment property unlawfully taken in violation of bankruptcy protections.
Guardian Asset Management has not publicly responded to the allegations as of the latest reports.
What’s Next: Emergency Hearing
An emergency hearing is set for Thursday in federal bankruptcy court to resolve the dispute.
The judge will determine whether the seizure violated the automatic stay and whether the property must be returned to Cole’s control.
The outcome could set a tone for how her broader Chapter 11 reorganization proceeds, especially regarding other assets and debts.
Cole’s rise with Slutty Vegan—from a single Atlanta food truck in 2018 to a multi-location chain known for bold, indulgent vegan burgers—made her a prominent figure in plant-based dining and Black entrepreneurship.
Her upcoming full-time role on RHOA (Season 17) adds another layer of public scrutiny to these financial challenges.
This situation highlights the complexities of bankruptcy, particularly the automatic stay’s role in protecting debtors and the potential for disputes when creditors act quickly.
As the case unfolds, it serves as a reminder of the ongoing pressures many pandemic-era business owners face with EIDL repayments and tax obligations.
Updates from Thursday’s hearing are expected to provide clarity on whether Cole regains access to the Loganville home and how her reorganization efforts will continue.
