A Florida retiree who won a $1 million Publishers Clearing House prize will not receive 87% of his winnings. Publishers Clearing House filed for Chapter 11 bankruptcy in April, halting payments to ...
After purchasing the company out of bankruptcy protection for $7.1 million in July, ARB Interactive said it’s not responsible for past prizes, casting doubt on any further payments for those winners.
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Publishers Clearing House’s bankruptcy means ‘forever’ winners will no longer get paid
For nearly 60 years, Publishers Clearing House had been known for ... the company reported liabilities of between $50 million and $100 million, including the promised prizes. Assets totaled only ...
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