Settlement Would Give Creditors Half of Educator's ‘Smarter than a 5th Grader’ Prize
Half of $1 million won by a Georgia educator on the show Are You Smarter than a 5th Grader? may go to her creditors rather than the schools she designated to get the money.
A settlement proposing the split will be considered in an Oct. 8 bankruptcy hearing, the Atlanta Journal-Constitution reports.
Georgia Superintendent of Schools Kathy Cox won $1 million in an appearance to raise money for charity and announced she will give it to three public schools for the deaf and blind. A bankruptcy trustee, however, objected.
Cox and her husband, a home builder, filed for bankruptcy two months after her win on the show. They listed $3.5 million in debts and $650,000 in liabilities.
Bankruptcy trustee Gary Brown told the Journal-Constitution that he viewed the proposed settlement as “a satisfactory resolution” to the dispute, but Cox didn’t agree. “It actually makes me angry,” said Cox, who is now CEO of a Washington think tank called the U.S. Education Delivery Institute.
