Pinky Cole Wins Home Back in Bankruptcy Case

0:00On March 28th, Pinky Cole, the founder of Sledi Vegan, just landed a big win in federal court, a judge ordered creditors to hand back her Loganville home that they had seized during her bankruptcy case. She filed for Chapter 11 Protection back in February, owing about $1,200,000 to the small business administration, and $192,000 to the Georgia Department of Revenue. The trouble started when creditors guardian asset management grabbed the property anyway, but Cole's lawyers argued it broke the automatic stay rule, which freezes creditor moves once bankruptcy kicks in. The judge sided with her team, demanding the locks get changed, and the house returned right away. Cole shared that she feels relieved and vindicated after the ruling. She called it a good day and hopes it teaches creditors not to mess with bankruptcy protections. Her case even stood out because she was the only one reporting live from the courtroom. Experts say her attorneys will soon file a reorganization plan. That'll spell out how she'll tackle those debts and get her business back on track.

1:03This victory gives Cole some breathing room to rebuild, showing bankruptcy can push back when rules get ignored.