John Wyllie, a 61-year-old man from White City, Oregon, believed that his life had turned. In August 2012, publishers Clearing House, a company awarded by Sweepstakes, arrived at his home to inform him that he had won the $ 5,000 a week for the rest of his life. This meant that Wyllie no longer had to work and that he could start living extremely. However, he received a rude shock this year when the flows stopped. In the investigation, it appeared that PCH had a bust and applied for bankruptcy. According to KGW8, it means that Wyllie had to sell some of his valuables and start looking for a job again, something he did for more than a decade. John Wyllie was about to lose his house: “Why didn’t anyone give me an edge?” Hey, we’re going out of business. “It’s not a good way to treat someone,” the Oregon resident told the publication. “It feels like a nightmare,” he added. “I thought it was going to go on for the rest of my life, so I didn’t really have to worry about money.” Now Wyllie tries hard to end, but without much success. “I sold my jetki. Sold my trailer, ‘he explained. “I had some money left, and that’s what I live on now. I’m sure I’m going to lose my house. ‘ Publishers Clearing House’s Financial Woes PCH is a company known for surprising ordinary Americans by awarding a lifelong offer of prize money. According to Wrat 95.9, there are 10 other people entitled to receive such an award. However, all of them have discovered that their prize money checks are no longer deposited. The company that took over the bankrupt organization, Arb Interactive, made it clear that they would not facilitate the continuation of allocation payments to the beneficiaries. This means that Wyllie and the ten other lucky winners are left empty. PCH’s travails began when the company had a serious downturn to the Covid pandemic. It applied for bankruptcy in April after their annual revenue dropped to $ 180 million, from a high of $ 900 million, according to Moneywise and Yahoo Finance, in the pre-covely era. Those who are unlucky enough to rely on it, because their existence will now have to find alternative ways to finance their lifestyle. Questions What are the publishers who are home? PCH is a business that specializes in promoting magazine sales. It is also known for its gliders in which great prize money is awarded to randomly selected beneficiaries. The company has applied for bankruptcy this year. What went wrong with the company? In the years after the Covid Pandemic, PCH gained serious revenue deficits due to the presence of competitors such as Amazon and its turnover dropped to $ 180 million from a high of $ 900 million. How many people are affected by the sudden downfall of PCH? According to media reports, at least ten more people, apart from John Wyllie, will stop receiving checks for their prize money. The company that took over PCH determined that he would not honor the commitments to the winners of his prize money.
Tragic end! From $ 5,000 a week for life to the getaway – man loses the price as the publishers Clearing House go bankrupt
