Educator, Game-Show Winner Declares Bankruptcy

Despite Declaring Chapter 7, Ga. Schools Boss to Give Away $1M Game-Show Prize

Dana Tofig, a spokesman for the Georgia Department of Education, said Cox will honor her promise to donate the money and has set up a gift foundation to do so. He said the money would be distributed no later than next month.

Georgia State Superintendent of Schools Kathy Cox ARE YOU SMARTER THAN A 5th GRADER? bankruptcy

Georgia State Superintendent of Schools Kathy Cox has pledged to donate the $1 million she won in September on Fox's "Are You Smarter than a Fifth Grader?" despite declaring bankruptcy following the collapse of her husband's homebuilding company.

(Mike Yarish/FOX)

WATCH: Citigroup Gets a Financial Lifeline

Citi for Sale? Fraught Firm Weighs Options, Pushing Stocks Higher

Just Enough for the Citi: 53,000 Jobs Cut

Comment & Contribute

Do you have more information about this topic? If so, please click here to contact the editors of ABC News.

Welcome to ABCNews.com.

Javascript is not enabled on your browser. Please enable javascript to use the community features on this page. If your browser does not support javascript, please visit our browser upgrade page for a list of supported web browsers.