Pinky Cole’s finances are being revealed as part of her ongoing bankruptcy case.
The Real Housewives of Atlanta star and Slutty Vegan founder filed for Chapter 11 bankruptcy earlier this year, and new legal documents are now giving a closer look at her monthly income, expenses and proposed budget.
According to legal documents obtained by TMZ, Pinky listed her monthly income as $6,000 in the proposed plan of reorganization she recently filed in the case.
The documents also break down her monthly budget, including several major expenses.
According to the proposed plan, Pinky said she would budget $200 for children’s expenses, $800 for groceries, $80 for gas and $300 for medical costs.
The filing also lists $1,574 for Georgia state taxes and $1,343 for federal taxes.
After those expenses, Pinky would allegedly be left with $1,500 per month in disposable income.
Pinky, who became widely known for building the Slutty Vegan restaurant brand, filed for Chapter 11 bankruptcy in February in order to address her debts.
Chapter 11 bankruptcy is typically used to reorganize debts while allowing a business or individual to continue operating under a court-approved repayment plan.
The filing comes during a challenging financial chapter for Pinky, whose restaurant empire has faced growing public attention as her legal and financial matters play out.
TMZ previously reported that, as part of the bankruptcy case, Pinky claimed one creditor had improperly seized one of her rental homes. According to the outlet, she was able to get the keys to the property back, at least until the Chapter 11 case is finalized.
Pinky’s finances being made public comes as she is also stepping into the Bravo spotlight on The Real Housewives of Atlanta. Her addition to the franchise has brought more attention to her personal life, business success and now the financial challenges surrounding her bankruptcy case.
While Cole built a name for herself as a major entrepreneur in the vegan food space, the latest court documents show that her current bankruptcy plan involves a much tighter monthly budget than fans may have expected.
For now, Cole’s proposed reorganization plan is part of the ongoing Chapter 11 process, and the court will ultimately determine how the bankruptcy case moves forward.
But according to the latest filing, the RHOA star listed $6,000 in monthly income and $1,500 in disposable income as she works through her debts.
