From WSBTV
Aisha “Pinky” Cole, founder of the popular Atlanta restaurant franchise Slutty Vegan, has filed for Chapter 11 bankruptcy over nearly $1.4 million in debt.
Court filings show Cole owes $1.2 million to the U.S. Small Business Administration and another $192,000 to the Georgia Department of Revenue.
Slutty Vegan started as a food truck in 2018 but grew rapidly to 14 locations, although several have since closed.
The next step in the proceedings is a bankruptcy teleconference on March 12, with a bankruptcy plan due June 12.
Cole just announced Tuesday she is making her reality television debut on the next season of “The Real Housewives of Atlanta.”
17 comments:
I always hated that name.
I have no idea why women think it's cute to label or associate themselves with a derogatory name. It's not empowering. It's degrading, embarrassing and proves how little value they place on their own self-worth.
Most of the fabulous housewives came broke , wat calamity
Most of the housewives came broke, to show us fabulousity whoo the irony.
That name always sucked.
Thats a horriable name. She expanded too fast. LOLO
Tasty food, bad marketing. Food n sex don't mix well unless it's sweets and even then it's iffy. SHe should've left those investors alone and she'd probably be all right now.
Her husband is Derrick Hayes, I'm sure her finances are ok. When rich people file for Bankruptcy, most times it's to clear their debts. Now she has a clean slate! You go Pinky.
Broke ho vegan
I'd love for someone to coherently explain to me why people who are supposedly financially stable file bankruptcy because that's an oxymoron. What that usually means is that individual has more debts than income/assets, or they used business money to pay for personal expenses and got caught up. Bankruptcy means a cleans slate cause you ain't got it, no matter how much faking you do in public.
Carrols Daughter & Slutty Vegan - Jay Z heavily invested in both these black owned companies - both are now bankrupt . Hmmmm
4:42 J&B invested heavily in Uncle Nearest, too and now they're in receivership. 👀
True that 4:32, it's not a get out of debt free card. You have to give up all your valuable assets like jewelry, cars and homes and your credit takes a big hit. It ain't a move you make unless you are forced to and you are broke broke.
^ That's referring to chapter 7. In other cases, the debt can be restructured, but often it will turn into chapter 7 if it can't be repaid.
@5:03 Jeepers - I actually wasnt aware of the Uncle Nearest
investment
Man, there is a very very very long list of Business Fails here over the years going all the way back to his cologne & Jay Hotel days. Most people dont even know alot of them
Like his Cigar " The Comadore Cigar" which was STAGGERINGLY EXPENSIVE
His biggest of course was Tidal which tanked & erupted in scandal , Twitter bought it , put him on the Board & now Twitter is reportedly dismantling it.
So, how did he become this UBER wealthy & successful Mogul. His 40/40 clubs a Marque signature franchise also
all closed except for the original one. The Vegas location
the one he seemed to be most proud of, (he rapped about it) & should have been a HUGE money maker, closed down in a about a year.
4:42 PM, Carol's Daughter was sold.
I will answer my own question - failure is the best lesson if you keep fighting
Sitting back Thinking it through more than surface level, there is a "Blue Print" pun intended, laid down over the decades of hard road
.
I admire the tenacity to be a winner, to over come the battles.
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