Sweepstakes winners payout goes poof?

[Brookswood]

It seems that some people who won the Publisher's Clearing House sweepstakes are no longer getting their yearly payout of their winnings.

The couple, both disabled Army veterans from Cottage Grove, Ore., reached out to the sweepstakes operator and were told that the payment, just under $200,000 after tax, for Tamar’s annuity prize would resume in July, on a quarterly schedule. Then, in April, PCH filed for bankruptcy, listing 10 prize winners among its largest unsecured creditors, court records show. Eight of those were owed more than $2 million each, though their names were redacted for privacy. And the promised July payment to Tamar failed to arrive.

Past winners would have to seek payment from the bankruptcy estate, PCH Digital’s customer service informed them in an email.

IOW, if possible, get your payout in cash ASAP. If not cash, get it turned into a annuity from a reliable insurance company. Good luck either way.