Publishers Clearing House’s bankruptcy means ‘forever’ winners will no longer get paid https://t.co/kd1wuYLK4P
— Steve Mudflap McGrew’s REMASCULATE podcast (@REMASCULATE) September 21, 2025
“Publishers Clearing House filed for Chapter 11 bankruptcy protection in April, citing mounting financial constraints. The filing revealed the company had amassed liabilities between $50 and $100 million, but had available assets between $1 and $10 million. In July, the company was acquired out of bankruptcy protection by mobile gaming platform, ARB Interactive, for $7.1 million. ARB says it is not responsible to continue awarding any prize money awarded before July 15.” Source: https://www.msn.com/en-us/news/other/publishers-clearing-house-bankruptcy-leaves-lifetime-winners-empty-handed/ar-AA1MUqeN
“John Wyllie was awarded $5,000 a week by Publishers Clearing House in 2012. With the money, he retired and restructured his life. At the start of every year since, Wyllie received a check for $260,000. This year, the check did not come. ‘This feels like a nightmare. I thought this was going to go on for the rest of my life, so I didn’t really have to worry about money,’ Wyllie told KGW-TV. ‘Pretty sure I’m going to lose my home.’” Source: https://www.consumeraffairs.com/news/publishers-clearing-house-bankruptcy-leaves-past-winners-unpaid-091525.html
“Tamar and Matthew Veatch, disabled Army veterans in Oregon raising three children, had relied on nearly $200,000 a year in Publishers Clearing House prize money since 2021. They said the loss of their July payment left them unable to cover back taxes and mounting household bills.” Source: https://www.bankruptcynearme.org/blog/publishers-clearing-house-bankruptcy-2025-why-it-filed-what-it-means-and-whats-next