"The creditors were coming after me. Testifying under oath during a meeting of creditors in her bankruptcy case, the 38-year-old entrepreneur said she had personally guaranteed much of her business's debt, prompting creditors to pursue her for repayment."
"Cole launched Slutty Vegan in 2018 from a shared kitchen in Atlanta, before the business grew into more than a dozen brick-and-mortar locations. At its peak, the business - known for plant-based burgers like the 'Sloppy Toppy' or the 'Super Slut' - was reportedly worth $100 million."
"I actually just closed my personal bank account the day after retaining counsel. I was not aware that I needed to close my existing bank account. The account held about $6 when it was closed."
Aisha 'Pinky' Cole, founder of the fast-food chain Slutty Vegan and incoming cast member of The Real Housewives of Atlanta Season 17, filed for personal bankruptcy protection driven by business debt. Cole personally guaranteed much of her business's debt, leading creditors to pursue her for repayment. Launched in 2018 from a shared Atlanta kitchen, Slutty Vegan grew to over a dozen locations and was valued at $100 million at its peak, though recent years brought financial struggles. During a creditors' meeting, Cole testified she has no personal bank accounts or personal income, though she owns rental properties generating $1,500 monthly. She also faced IRS questioning regarding three years of missing tax returns.
Read at Business Insider
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