Pinky Cole has filed for Chapter 11 bankruptcy.

AFROTECH™ spoke with the founder of Slutty Vegan earlier this year, ahead of the announcement that she was joining the 17th season of “The Real Housewives of Atlanta.” At the time, she acknowledged the risks of entrepreneurship and the importance of not operating from ego.

“There’s risk in everything. There’s risk in being an entrepreneur. I’ve gotten out of the ego conversation a long time ago,” she explained to AFROTECH™. “I’ve been laid at the cross plenty of times. And at the end of the day, like I’m really not concerned with other people’s opinions. As long as I provide them a really good product and they have a really good experience, that’s what matters to me. My reputation will precede me and the services that I offer will precede me. I’m excited about new opportunities to be able to amplify my business.”

Cole has faced various challenges and changes as the entrepreneur behind the plant-based venture that launched as a food truck in 2018 and scaled to 14 locations, Complex reported. Some locations have closed, and the business entered restructuring due to several issues, including $10 million in corporate overhead.

Cole temporarily lost ownership of the business as part of the restructuring on Feb. 13, 2025. The following month, she bought back the company under the name “Ain’t Nobody Coming to See You, Otis LLC,” AFROTECH™ previously shared.

There are currently six main Slutty Vegan locations, and Cole has expanded her empire into what is being called Slutty Vegan 2.0 through her plant-based eatery, VOAGIES, which sells vegan hoagie from a storefront in Atlanta that sits at the original Slutty Vegan location, according to a press release.

In the latest update surrounding Cole, she filed for Chapter 11 bankruptcy on Feb. 12, owing $1.2 million to the U.S. Small Business Administration and $192,000 to the Georgia Department of Revenue, per Complex. 

Her monthly income was $14,583, while her monthly expenses were $41,700. As for her assets, they totaled $3.75 million, including $2.89 million in real estate, covering her primary residence and investment properties in Georgia and Maryland, among others, according to Complex. Other assets include $435,000 in vehicles and $1 million in restaurant equipment, 11 Alive reported. She is also facing a foreclosure on a $140,000 investment property, the outlet noted.

In the filing, Cole said she expects “more growth & opportunities,” per Complex. On March 12, a bankruptcy teleconference is scheduled. A repayment plan will be due by June 12, according to WSB-TV.