The Slutty Vegan founder listed $6,000 in monthly income with $1,500 left after expenses.
Court documents filed as part of Pinky Cole’s ongoing Chapter 11 bankruptcy case have put a precise figure on the Real Housewives of Atlanta star’s finances, and the number is smaller than her public profile might suggest. Cole, who built the Slutty Vegan restaurant brand into a nationally recognized chain, listed her monthly income at $6,000 in a proposed plan of reorganization recently submitted to the court.
What Pinky Cole’s monthly budget looks like
The bankruptcy filing breaks down exactly where that $6,000 goes each month. Pinky budgeted $200 for children’s expenses, $800 for groceries, $80 for gas and $300 for medical costs. The largest obligations, however, are taxes. She allocated $1,574 toward Georgia state taxes and $1,343 for federal taxes, with those two line items alone consuming nearly half of her total monthly income. After covering all listed expenses, Cole would be left with $1,500 in disposable income each month.
The filing is part of a plan of reorganization, a document Chapter 11 filers submit to outline how they intend to repay creditors while continuing to operate. Unlike Chapter 7, which typically liquidates assets, Chapter 11 allows individuals and businesses to restructure financial obligations while retaining more control over their affairs.
How Cole’s bankruptcy case has developed
Cole filed for Chapter 11 in February. As the case has moved forward, one creditor dispute drew particular attention. Cole alleged that a creditor had improperly seized one of her rental properties in Georgia. She contested the action in court and won back access to the property, with the keys returned to her at least until the Chapter 11 proceedings are finalized.
The filing of a detailed reorganization plan signals that the case is advancing toward a resolution. Whether the court approves the proposed budget and repayment structure will determine the shape of Cole’s financial path going forward.
Pinky Cole’s finances in context
A $6,000 monthly income before taxes and expenses is a genuine budget constraint, particularly when $2,917 of it goes directly to state and federal tax obligations. The $1,500 that remains each month is a narrow margin for someone whose restaurant brand became a national name and who joined one of the most watched reality franchises on cable television. The filing offers an unfiltered look at where the money goes.
Story credit: TMZ