Aisha “Pinky” Cole Hayes, the founding father of the Slutty Vegan restaurant franchise, has filed for chapter safety after owing $1.4 million in debt.
The information was first reported by the Atlanta Enterprise Chronicle.
In response to courtroom filings, $1.2 million of that’s owed to the U.S. Small Enterprise Administration, whereas practically $200,000 is owed to the Georgia Division of Income.
In January, Cole filed for Chapter 13 chapter safety however later withdrew it. On Feb. 12, she filed for Chapter 11, lower than one yr after reacquiring Slutty Vegan after beforehand dropping the institution to money owed.
“The final couple of months, it’s in all probability been probably the most extremely troublesome of my entrepreneurial life,” Cole informed her a million followers in a video posted to Instagram final yr. “As of Feb. 13, the corporate went via a world restructuring. And because of that, that meant that I now not personal the corporate… I’ve gone via each emotion possible — Grief, unhappiness, worry, melancholy, uncertainty.
“What quite a lot of us entrepreneurs undergo, I’ve gone via. However I noticed that so long as I proceed to stay to my religion, God will at all times be by my aspect. And as laborious as change is, it’s mandatory, but it surely’s at all times for the nice.”
The speedy success of Slutty Vegan started in 2018, when its meals truck grew to become a booming enterprise, resulting in a number of brick-and-mortar areas in Atlanta and past. Since then, a number of areas have closed and in current months, two of the landlords on properties she has in Atlanta filed a lawsuit looking for $87,000 in again hire.
Earlier than it was restructured in 2025, Cole owed $20 million in debt and acknowledged that the corporate’s company overhead had ballooned after she stepped away. In response to courtroom paperwork verified by the Atlanta Journal-Structure, Cole listed all of her private property, together with automobiles, homes, jewellery, garments, and extra, at $3.7 million, and calculated her month-to-month bills at round $41,700.
The information comes simply as Cole introduced she could be becoming a member of the solid for the “Actual Housewives of Atlanta.“
