New developments have surfaced in Pinky Cole’s bankruptcy case, and things are getting more serious. Her home, seized after filing bankruptcy, is now raising new legal questions about what creditors can and cannot do.
According to TMZ, the latest claims come directly from court filings tied to her ongoing case. While she previously filed for Chapter 11 protection, this new twist is unfolding just after a week of videos of Pinky educating her audience about Chapter 11 bankruptcy in a fun and relatable way.
According to court filings, Pinky Cole says Guardian Asset Management seized her home in Loganville, Georgia. The property is described as a six-bedroom, four-bathroom house with more than 2,800 square feet. She claims a notice was placed on the home, and the locks were changed. Because of that, she says she no longer has access to the property.
However, this move could become a legal problem. Filing for bankruptcy usually triggers an automatic stay, which is meant to stop creditors from taking action like this. Her legal team argues that protection should have blocked any attempt to take the home. If the court agrees, then the creditor could face penalties for violating bankruptcy rules.
At the same time, the financial pressure is building. Cole says she planned to rent the home out and already had a tenant set to move in on April 1. Because she lost access, that rental income is now gone. Court documents also show she is dealing with millions in debt, while most household income is reportedly tied to her husband.
Meanwhile, Pinky Cole has been speaking publicly about what she is going through. She has shared emotional updates on Instagram, explaining that she is staying focused and working through the situation. While legal filings show one side, her videos show the personal impact behind the headlines. So the story continues to unfold both in court and online.
Looking ahead, the creditor has not yet formally responded in court. The bankruptcy court will likely decide whether the seizure violated the automatic stay. If it did, she could regain access and possibly seek damages. If not, the creditor may keep control of the property.
