Pinky Cole's Bankruptcy Battle: Property Seized Despite Automatic Stay

0:00On March 25, Pinky Cole, the newest cast member on Real Housewives of Atlanta, recently filed for Chapter 11 bankruptcy. Court papers show she owes $1.2 million to the Small Business Administration and about $200,000 to the Georgia. Department of Revenue, she listed almost no personal income, relying mainly on her husband's $15,000 a month. She filed at the start of the month, right after Bravo released the season 17 trailer. Pinky even posted a light heart of meme about bankruptcy life back then, but things turn serious fast. Now a creditor has seized one of her investment properties by changing the locks and posting a notice on the window for everyone to see. Pinky and her lawyers say this happened despite the bankruptcy's automatic stay, which should halt all collection actions. They're fighting back in court, calling the move unlawful, and arguing it blocks her from renting the place out. A potential tenant was set to move in on April 1st, but that's on hold now, causing her real financial strain.

1:00The case is still unfolding as Pinky pushes to reverse the seizure and protect her assets during this tough time. Pop culture, powered by AI, this is entertainment and celebrity news today.