Langston University Loses NAIA Basketball Championship Game
The team was unable to avenge its 2024 championship loss to Freed-Hardeman.
Langston University scored an overtime win, sending them back to the NAIA (National Association of Intercollegiate Athletics) national championship game. Still, it fell to the eventual champions, Freed-Hardeman, 76-71 in a rematch of the 2024 NAIA championship, which ended in the same result.
According to Sports Illustrated, the HBCU lost the contest on March 24 after the team tried to avenge the 2024 loss to Freed-Hardeman at Municipal Auditorium in Kansas City, Mo. This was Freed-Hardeman’s second championship victory in three years as Langston finished the season with a 29-7 record.
The Lions did not go down without a fight after being down by eight points in the second half, closing within three with under two minutes to go in the game. But it couldn’t muster up enough to overtake the Freed-Hardeman squad.
“This is not our time yet,” Langston head coach Chris Wright said after the disappointing loss. “But I believe with my whole heart we’re going to be back and we’re going to win one of these one day.” Adding, “This hurts. But I’m extremely proud of our guys. I told them we have absolutely nothing to hang our heads about.”
They arrived at the championship after being the No. 4 seed in the tournament. They were able to etch out a win to advance to the championship after beating Ave Maria, according to HBCU Gameday, with a 72-69 overtime victory.
Orlando Thomas was the top scorer with 20 points while grabbing eight rebounds and dishing out three assists for the losing team, as Antonio Lewis added ten points, while Tajahri Cave and Jay Wilson contributed with eight points apiece.
Although the guys fell one game short of the title, Wright is proud of the group of players he has.
“These guys left everything they had out there,” Wright said. “They’re really good people. They care about each other. They love each other. They’re unselfish. And to see the growth we’ve had even in the past two or three weeks — I think that’s remarkable.”
Pentagon Moves To Eliminate Media Offices After Judge Restores New York Times’ Press Credentials
The Pentagon has moved to eliminate media offices following the restoration of "The New York Times’" press credentials by a federal judge.
The U.S. Department of Defense has moved to eliminate media offices at the Pentagon after a federal judge ruled in favor of the New York Times, restoring press credentials that President Donald Trump had revoked.
On March 23, department spokesperson Sean Parnell announced that the Pentagon’s “Correspondents’ Corridor,” a longtime workspace for reporters covering the U.S. military, would close immediately, the Associated Press reports. He said journalists will eventually be relocated to an annex outside the building, though no timeline was provided for when it will be ready.
The Pentagon Press Association responded to the announcement, calling it “a clear violation of the letter and spirit of last week’s ruling.”
“At such a critical time, we ask why the Pentagon is choosing to restrict vital press freedoms that help inform all Americans,” the association said.
The move comes a week after U.S. District Judge Paul Friedman in Washington, D.C., ruled in favor of the Times, ordering the Pentagon to restore press credentials to seven of its journalists and striking down parts of the agency’s reporting restrictions.
The lawsuit, filed in December 2025 against the Pentagon and Defense Secretary Pete Hegseth, argued the credentialing policy violated the Constitutin’s First Amendment and due process rights after the Trump administration limited legacy media access while elevating conservative outlets. Dozens of reporters had walked out rather than accept the restrictions.
In his ruling, Friedman said the “undisputed evidence” showed the policy aimed to sideline “disfavored journalists” in favor of those willing to align with the government, calling it clear viewpoint discrimination. Parnell responded in a lengthy post on X that the U.S. Department of Defense disagrees with the ruling and plans to appeal, citing security concerns for limiting press access—an argument journalists have pushed back on.
Under new Pentagon rules, reporters can still attend briefings and scheduled interviews but must be escorted at all times. Meanwhile, the Associated Press is awaiting a ruling from a federal appeals panel in a separate lawsuit, arguing that the Trump administration reduced its access to presidential events when it refused to adopt his preferred renaming of the Gulf of Mexico.
JAŸ-Z Defends Ethics Of Billionaires Like Himself, ‘Your Morality Is Not Defined By A Dollar Amount’
JAŸ-Z pushes back on criticism of billionaires, saying wealth doesn’t determine morality.
Sitting high as the world’s wealthiest musician, JAŸ-Z says he understands the ethical debate around billionaires but argues it doesn’t apply equally to those who use their platform to uplift others.
In a rare interview with GQ editor Frazier Tharpe, JAŸ-Z addressed criticism of his billionaire status, pushing back on the idea that extreme wealth is inherently bad. With an estimated net worth of $2.8 billion, JAŸ-Z—who became hip-hop’s first billionaire in 2019—defended fellow billionaires, particularly those who, like him, rose from humble beginnings.
“Your morality is not defined by a dollar amount. And if so, what is that dollar amount? When does it start?” JAŸ-Z asked, before going on to explain his take on the debate.
“If it’s a cutoff like ‘all millionaires are bad,’ at 999,000, I’m good? It can’t be that way. It doesn’t make any sense. I got successful the hard way, despite the way the system is set up. Everything was against me. My talent pushed against all the headwinds, and I got successful that way. And with that success, I’ve done things with my reach that I wanted to do that were helpful for a lot of people.”
He continued. “And I think that’s most important — the things you believe in, the things you align with. Because a person with more money can do more good, it’s a choice. Again, we’re living in the real world. You can be realistic or idealistic. This is the system that we have. And with the system that we have, what are you going to do?”
Later in the interview, Tharpe asked JAŸ-Z about criticism of his wealth, noting how the term “capitalist” is often used against him. The Roc Nation founder responded that he operates—and succeeds—within the system, while also pointing out the double standard artists face when trying to make money in the music industry.
“The only thing I heard coming up was the American dream. You could make it if you pull yourself up by the bootstraps. I heard that my entire life — until we started being successful. Then it was like: You’re selling out because you’re making money,” JAŸ-Z said.
He pushed back against the romanticized “starving artist” narrative, calling it a “mind game” and adding, “I’m not buying into that.”
“I make art first, and then I make sure that I’m compensated for my art. I didn’t get here by taking advantage of people or taking advantage of the loopholes in the system, or some wrinkle in a capitalist structure,” JAŸ-Z said. “That structure exists; I just see the world for what it is, not for what I want it to be. I’m a realist. It’s not idealistic. People speak about the world as they want to see it. You’re never going to win like that.”
JAY-Z responds to people labeling him a capitalist:
His comments have sparked mixed reactions across social media, but JAŸ-Z is currently on a promotional run ahead of his sold-out Yankee Stadium shows in July and his headlining set at the Roots Picnic in May. The performances celebrate the 30th anniversary of “Reasonable Doubt” and the 25th anniversary of “The Blueprint.”
University Of Alabama Basketball Player Denies ‘Each And Every’ Allegation Following Felony Drug Raid
Aden Holloway g charges of first-degree possession of marijuana not for personal use and failure to affix a tax stamp.
After being hit with two felony charges, first-degree possession of marijuana not for personal use, and failure to affix a tax stamp, suspended University of Alabama basketball player Aden Holloway denied “each and every material allegation” against him after a March 20 court appearance.
According to The Tuscaloosa News, Holloway’s attorney, Jason Neff, is requesting a trial after District Attorney Hays Webb filed a forfeiture complaint, asking Holloway to turn over the $400 reported to have been discovered during a search of his residence.
Neff said he is seeking “strict proof” of any allegations prosecutors have listed in the complaint against Holloway.
Holloway is free after being bonded out of the Tuscaloosa County Jail for $5,000.
Officers with the West Alabama Narcotics Task Force claim that they found 2.1 pounds of marijuana, along with cash and some paraphernalia and packaging materials, during a search of Holloway’s residence.
The arrest took place on March 16. Holloway was taken to jail before 10 a.m. and was released less than an hour later after posting bond. If convicted of the most serious charge of possession, he could face up to 10 years in prison and a maximum fine of $15,000.
A preliminary hearing is scheduled for Tuesday, April 14.
The University of Alabama has suspended Holloway from the basketball team, which is in the Sweet 16 of the NCAA men’s basketball tournament. They will face the University of Michigan on March 27.
The school will have a trial with the Office of Student Conduct to determine his status going forward.
Holloway, in his second year at the school, was the team’s second-leading scorer at 16.8 points per game. He also led the team in 3-point shooting as a starter.
Did You Know At Least 20 Airports In The U.S. Don’t Have TSA? These Passengers Aren’t Seeing Long Lines
According to a social media post from VMD Corp., the company running checkpoints at Kansas City and Orlando Sanford International airports, travelers are getting through the lines in less than three minutes.
According to CNN, major airports such as San Francisco, Kansas City International, and Orlando Sanford, along with 17 other smaller airports, participate in TSA’s Screening Partnership Program. These airports use contractors at checkpoints. As a result, these airports are not struggling with staffing, and travelers are getting through the lines quicker.
“These 20 airports are completely oblivious to the government shutdown,” Sheldon Jacobson, a professor of computer science who analyzes data to improve aviation security, told CNN in an interview.
According to a social media post from VMD Corp., the company running checkpoints at Kansas City and Orlando Sanford International airports, travelers are getting through the lines in less than three minutes.
It’s quite the juxtaposition at some of the country’s largest airports, where wait times have exceeded two hours as they struggle to get employees to show up for work.
Airport lines got you down? VMD, an Xcelerate Company, has the solution. The professional teams at our SPP airports have less than 3 minute lines. @rio_yamat#letsfly
— VMD Corp an Xcelerate Solutions Company (@vmd_corp) March 11, 2026
Airports Struggle With TSA Agent Staffing
Across the country, wait times at airport security screening are adding up as the partial government shutdown continues. Federal employees in the Department of Homeland Security (DHS) are affected, including Transportation Security Administration (TSA) agents.
“Officers have gone without pay for the third time in nearly six months,” a DHS spokesperson told the publication. “Many TSA officers cannot pay their rent, buy food, or afford to put gas in their cars, forcing them to call out sick from work.”
Among the highest call-out rates, DHS confirmed that more than 47% of TSA officers did not report for duty at William P. Hobby Airport (HOU), and more than 42% did not report for duty at George Bush Intercontinental Airport (IAH). Both airports are in Houston.
Louis Armstrong New Orleans International Airport (MSY) saw call-out rates of 34.1%, Hartsfield-Jackson Atlanta International Airport (ATL) saw a 33.6% call-out, and New York’s John F. Kennedy International (JFK) had a 33.4% call-out rate.
North Carolina Fires Men’s Basketball Coach Hubert Davis
"I am very proud of what we were able to accomplish together. My goal is to coach again in the very near future."
The University of North Carolina has fired men’s basketball coach Hubert Davis after five seasons.
The move comes after the Tar Heels lost in the first round of the NCAA tournament for the second straight year, this time to 11th-seeded Virginia Commonwealth University. Carolina was up by as much 19 points before losing 82-78 in overtime.
The school announced Davis’ dismissal on Tuesday, March 24, after the Director of Athletics, Bubba Cunningham, and the soon-to-be Athletic Director, Steve Newmark, recommended it.
Carolina Athletics Announces Leadership Change in Men's Basketball Program
“We appreciate all that Hubert has done for Carolina as a player, assistant coach, head coach, and community leader–he has helped make special memories we will never forget,” Cunningham said. “This was not an easy decision because of Hubert’s tremendous character and all he has given to the program, but we must move forward in a way that allows our team to compete more consistently at an elite level.”
Davis, who starred for the Tar Heels before being drafted by the New York Knicks in 1992, responded on social media. His uncle, Walter Davis, was a star at UNC before his Hall of Fame NBA career.
“Tonight, I was let go by the University of North Carolina – Chapel Hill. “My desire was to continue to coach here. This opportunity has truly been such a blessing. I thank Jesus literally every day for giving me the opportunity, relationships and experiences with the kids and my staff. I am very proud of what we were able to accomplish together. My goal is to coach again in the very near future.”
Davis’ record as the school’s head coach was 125-54. He played for UNC from 1988 to 1992 and played in the NBA for 12 seasons with the Knicks, Toronto Raptors, Dallas Mavericks, Washington Wizards, Detroit Pistons, and the New Jersey Nets.
He was an assistant coach under head coach Roy Williams from 2012 to 2021, then took over as head coach in April 2021 after Williams, who led the Tar Heels to three NCAA championships, retired.
The government’s consolidated balance sheet deteriorated by roughly $2.07 trillion between 2024 and 2025, and reached a disappointing negative $41.72 trillion.
A new report reveals that the U.S. government is insolvent; it is failing to meet financial obligations to pay off its debts.
The conclusion came from the Treasury Department after it gathered its own consolidated financial statements for fiscal year 2025, and it reads as follows: $6.06 trillion in total assets against $47.78 trillion in total liabilities as of September 30, 2025, Fortune reports.
The $47.78 trillion price tag fails to include unfunded obligations such as social insurance programs like Social Security and Medicare, which were highlighted separately on an off-balance-sheet Statement of Social Insurance (SOSI).
With SOSI excluded, the government’s consolidated balance sheet deteriorated by roughly $2.07 trillion between 2024 and 2025, and reached a disappointing negative $41.72 trillion. The total amount of liabilities is now close to eight times the value of reported assets, with the biggest drivers being a $2 trillion increase in federal debt and interest payable and a $438.8 billion increase in federal employee and veteran benefits payable.
The media may not have covered this much because not even members of Congress have looked at the consolidated sheets. It may be difficult for everyday Americans to understand a debt of that stature. Fortune offered a tip: If you divide every number by 100 million and drop eight zeros, federal financials can look familiar to the average household. If that average American household brings in $52,446 but spends $73,378, those living under that roof would be running an annual $20,932 deficit.
The total amount of liabilities and unfunded promises equates to $1,361,788 against the small amount of $60,554 in assets, leaving $1.3 million in the hole. According to the government, that household would be labeled as insolvent.
And with everything the states have going on, this is not the time to be in financial ruin. Even countries that the U.S. is seemingly in a tussle with have caught wind of the struggle and have used it to their advantage. According to CNBC, as the Middle East conflict reaches week four, Iran has threatened to target buyers of U.S. Treasury bonds, revealing that the Trump administration’s 48-hour ultimatum is close to expiring.
“U.S. Treasury bonds are soaked in Iranians’ blood. Purchase them, and you purchase a strike on your HQ and assets,” Iran’s Parliament speaker Mohammad Bagher Ghalibaf said on X. “Alongside military bases, those financial entities that finance the U.S. military budget are legitimate targets.”
Alongside military bases, those financial entities that finance the US military budget are legitimate targets. US treasury bonds are soaked in Iranians' blood. Purchase them, and you purchase a strike on your HQ and assets.
We monitor your portfolios. This is your final notice.
— محمدباقر قالیباف | MB Ghalibaf (@mb_ghalibaf) March 22, 2026
But there are two legislative actions that could save the day regarding the economy.
The bipartisan H.R. 3289, known as the Fiscal Commission Act, sponsored by Rep. Bill Huizenga (R-MI) and Rep. Scott Peters (D-CA) and 41 other elected officials, would force a public reckoning with the facts, trade-offs, and hard decisions required to restore fiscal health. Congress could also mirror Switzerland’s actions and call for an Article V Convention to propose a fiscal responsibility amendment to the U.S. Constitution.
Sponsored by Rep. Jodey Arrington (R-TX), the amendment would mandate a balanced budget over the business cycle and ban federal spending from growing faster than the U.S. economy.
Bozoma Saint John Urges Women to Embrace ‘Urgent’ Living and Fearless Career Pivots
The acclaimed marketer and "Real Housewives of Beverly Hills" star talked about grief, career transitions, and taking bold risks at the Black Enterprise Women of Power Summit
Acclaimed marketer and reality TV star Bozoma Saint John spoke candidly during the BLACK ENTERPRISE Women of Power Summit about how grief, intuition, and defying expectations have shaped her ascension in corporate America. Describing the summit as a “safe space,” the marketing executive, who has led global brands such as PepsiCo, Apple Music, Uber, and Netflix, reflected on the emotional cost of being a high achiever and the loneliness that can come with growth.
Being Misunderstood
“Oftentimes, you’re not very well liked. People don’t appreciate your suffering because they think everything must be fine,” she told hundreds of Black women executives at the conference during a one-on-one fireside chat with former corporate giant Jerri DeVard.
Not everyone can “come along with you on the journey,” she added, rejecting the idea of changing as a negative characteristic.
“We say, you know, ‘she changed, got brand new.’ Well, I’m on a brand-new journey. So yes, I am brand new, and it is OK. That doesn’t have to be an insult.”
Source: Bozoma Saint John speaks Jerri DeVard at the Black Enterprise Women of Power Summit (Photo Credit: The Tyler Twins for Black Enterprise)
Career Highs and Personal Lows
Saint John, who successfully pitched Beyoncé to perform at the 2013 PepsiCo Super Bowl halftime show, said trusting her gut has played a key role in her career elevation.
“There hadn’t been a Black woman on the Super Bowl halftime stage in 10 years, since Janet Jackson,” she said. Although she faced skepticism and resistance when she initially pitched the record-breaking Grammy-winning artist, she followed her instincts and continued to push.
“Nobody minced any words. They were like, ‘Look, we don’t need any wardrobe malfunctions, and Beyoncé wears outfits that are too small. We don’t think that she’ll connect with the audience.’”
Nevertheless, that performance went on to become one of the most celebrated halftime shows in recent history.
“It was such a high high to win so big in the face of people who said we couldn’t do it,” said Saint John.
However, within months, she suffered one of the biggest personal setbacks of her life.
“That was in January 2013. In May, my husband of 10 years was diagnosed with Burkitt lymphoma. In December, he was dead. It was a year that felt impossible.”
After returning from bereavement leave the following January, she realized she could no longer stay in New York.
“I knew that I had to change my life. I couldn’t stay in New York. The grief was too heavy there,” she said. She defied the counsel of her loved ones, who advised her to “sit down and take it easy for a year,” she said. “Everyone was worried about my mental health, and everybody told me that I should just sit down and be quiet. Don’t make any fast moves.”
However, she knew she would “drown” if she stayed. So, in the midst of grieving, Saint John took a huge career leap.
“I got a call from Dr. Dre and Jimmy Iovine, and they said they had started a new music streaming service off of the back of Beats by Dre,” she recalled. She was transparent with Dr. Dre about her recent loss and need for change.
“I told him that my husband had been dead for six weeks. I needed to get out of New York,” she recalled. “He didn’t blink… he said, ‘We’ve seen what you’ve done at Pepsi. You understand music. We’re trying to build a global company here. You should come anyway.’”
Saint John accepted. Within six months, the company was acquired by Apple.
Source: Bozoma Saint John speaks at the Black Enterprise Women of Power Summit (Photo Credit: The Tyler Twins for Black Enterprise)
Defying Expectations
Saint John traced her determination to live life on her own terms back to her adolescence and immigrant upbringing. Born in Ghana, she developed a love for language despite her parents pushing her toward a traditional professional path.
“My parents, being very typical African parents, said that I needed to be a doctor, a lawyer, an engineer. Since I was good in the sciences and math, I was pushed into the ‘you’re going to be a doctor’ lane.”
It was a high school English teacher who shifted her sense of possibility.
“She graded a paper that I’d written and told me that I had the potential to be a writer. It was the first time anyone had complimented something that was outside of the sciences and math. The first time I understood that perhaps the expectation set for me didn’t have to be [my reality].”
Even while studying pre‑med and taking the MCAT, she majored in English and African American Studies. After college, she defied her parents’ insistence that she go straight to medical school.
“When I graduated from college, I wanted to take a year before going to med school, which my parents said, Absolutely not. But I ran off to New York City, where I met Spike Lee, where I became his assistant, and I never turned back from advertising and marketing since that day.”
Source: Jerri DeVard, Earl “Butch” Graves, Jr., and Bozoma Saint John speaks at the Black Enterprise Women of Power Summit (Photo Credit: The Tyler Twins for Black Enterprise)
The Urgent Life
Saint John, who published the memoir “The Urgent Life” in 2024, ended the session with a compelling message for the hundreds of professional women attendees about navigating their careers.
“I told you that in December of 2013, my husband died of cancer. But what really changed for me in that moment, amongst many things, was the way that I view years. When I was standing in the receiving line of his funeral, people hugged me and said, ‘I’m so sorry. He died too young.’ It was four days before his 44th birthday when he passed away. I was 37 years old, and even though I understood what they were saying and I agreed with them, I didn’t want that to be me.”
Her husband’s six‑month illness and subsequent death were a major turning point that not only reshaped her life but also reframed her perception of time.
“It gave me an unshakable confidence in that I want to live this life as fully as possible — and on my terms,” she said. “So, when somebody says to you, wait six months for that promotion [or] wait six months for me to propose, I want to say to you, do not wait. Urgency is actually not about time, but it’s about intention.”
Report: Black Women Face Significant Income Disparities Despite Education, Labor Force Strides
According to the U.S. Bureau of Labor Statistics, the median weekly earnings of Black women working full-time in 2025 were about $942, compared with $1,108 for white women, $889 for Hispanic women, and $1,395 for Asian women.
A new report shows that while Black women have made significant gains in education and maintain a high level of labor force participation, significant disparities exist in income, wealth, and their retirement security.
The findings in the “Economic State of Black Women in the United States” report reveal that while educational attainment and labor force participation are important, they have not been sufficient to close longstanding gaps in economic security.
Black Women and Education
According to the research from the Joint Center for Political and Economic Studies, women across the board complete college at higher rates than men across every major racial and ethnic group in the United States. However, the gap is especially wide among Black adults.
Approximately 65% of Black women who are 25 and older have attended college, including those who started but did not earn a degree. Black women outpace Black men in bachelor’s degree attainment. Among adults ages 25 to 34, about 38% of Black women hold a bachelor’s degree compared with roughly 26% of Black men, a gap of approximately 12 percentage points.
Still, Black women’s college attainment falls short compared to other women’s groups. In the same age group, about 77% of Asian women and 52% of white women hold a bachelor’s degree.
“These comparisons show that Black women’s educational position is shaped both by a pronounced gender divide within the Black population and by persistent racial disparities across women,” researchers said.
Labor Participation Among Black Women
When it comes to the U.S. workforce, Black women are among the most active participants. According to data from the U.S. Department of Labor and the Bureau of Labor Statistics, about 63% of Black women are in the labor force, meaning they are either working or actively looking for work. This rate is higher than that of Hispanic women (61%), Asian women (60%), and white women (58%).
Yet, despite their gains in education and high levels of workforce participation, Black women continue to face persistent disparities in income and wealth compared to white and Asian women.
According to the U.S. Bureau of Labor Statistics, the median weekly earnings of Black women working full-time in 2025 were about $942, compared with $1,108 for white women, $889 for Hispanic women, and $1,395 for Asian women. When compared with white and Asian men, the gaps are even more pronounced, according to the report.
White men earned a median of about $1,231 per week, and Asian men earned about $1,780 per week. Black men and women had the greatest gender income equality among the major racial and ethnic groups. Black men earn only $44 more in weekly earnings at $986 than Black women.
Why It Matters
The earning differences highlighted in the report paint a picture of broader disparities in annual household income. The median income for Black households in 2024 was about $56,000, compared with about $88,000 for white households and about $120,000 for Asian households.
While median household income increased for most racial and ethnic groups between 2023 and 2024, Black households experienced a decline of about 3.3% from $58,340 in 2023 to $56,290 in 2024. This translates into another significant disparity: retirement savings.
Only 49% of Black women report having retirement savings, compared with about 61% of U.S. adults overall. Black women ages 55 to 59 hold an average retirement balance of about $129,933, compared with about $328,217 for white women in the same age group. As researchers noted, these disparities reflect broader patterns in retirement wealth.
On average, white households hold more than twice the retirement savings of Black households. These disparities contribute to greater economic insecurity later in life. Older Black women are significantly more likely to experience poverty in retirement than women in other racial groups.
Slutty Vegan Founder Pinky Cole Claims Creditor Unlawfully Seized Home Before ‘Real Housewives’ Debut
Cole claimed that the home seizure was done unlawfully given the stipulations behind her bankruptcy.
Slutty Vegan founder Pinky Cole is dealing with another legal battle ahead of her Real Housewives of Atlanta debut.
The financially-struggling restaurateur, who will join the latest season of the reality TV franchise, has been in the spotlight over money woes. Just weeks after news broke that she filed for Chapter 11 bankruptcy, Cole claims a creditor seized one of her Metro Atlanta homes.The Neighborhood Talk reported the news.
TMZ reports that the Cole could not enter the property as the creditor changed the locks and placed a notice on a window after she filed for bankruptcy.
The tabloid reports that the home is not too shabby either. Located in Loganville, a suburb around 36 miles east of Atlanta, the 2,800 square foot house boasts six bedrooms, and four bathrooms.
Cole asserted in the filing that Guardian Asset Manager unlawfully seized the home after her bankruptcy filing. According to Cole’s legal team, no collectors can continue pursuing recollection while she is in bankruptcy.
“This was an investment property that was unlawfully seized from Ms. Cole. This unlawful seizure violated the automatic stay imposed in Ms. Cole’s bankruptcy case,” her lawyer, Jamie Christy, told TMZ.
While Cole still has her own residence, she uses the property as an additional source of income. Given this, she said the seizure caused ”extreme financial harm” as an upcoming tenant’s lease now lies in limbo.
The bankruptcy filing and home seizure have marked a significant turn for the once-booming entrepreneur. While Slutty Vegan became a franchise hit with several locations nationwide, Cole has faced her own financial woes, including losing ownership of the business.
Despite regaining ownership of the restaurant, Cole’s money troubles did not cease, leading her to file Chapter 11. TMZ reports that Cole remains unemployed and owes millions to debt collectors. As for how she has sustained herself, she claimed in the documents that she currently lives off her husband, fellow restaurateur and Big Dave’s Philly Cheesesteaks owner Derrick Hayes, who makes $15,000 a month.
Chapter 11 is a form of U.S. bankruptcy, often called “reorganization,” that allows businesses or individuals to restructure debts while continuing operations. It allows the debtor to propose a plan to pay creditors over time, reject unfavorable contracts, and stay in control of assets, typically avoiding total liquidation.
Fans may see Cole break down her business journey when The Real Housewives of Atlanta debuts on April 5.
