Why Isn’t Publishers Clearing House Paying Its Prize Winners?
EXECUTIVE SUMMARY Publishers Clearing House (PCH) filed for Chapter 11 bankruptcy in April 2025 due to declining magazine sales, heavy debt and an $18.5 million FTC settlement for misleading sweepstakes marketing. Despite initially assuring uninterrupted payments, PCH ceased lifetime prize payouts by July 2025 after ARB Interactive acquired its assets but not liabilities. Past winners, … Read more