Judge OKs Cox Prize Money Settlement - Atlanta News, Weather, Traffic, and Sports | FOX 5

Judge OKs Cox Prize Money Settlement

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A judge signed off on a proposed court settlement that would give half of the $1 million prize money won on a TV game show by the former Georgia schools chief to three state-run schools for the blind and deaf.

U.S. Bankruptcy Judge W. Homer Drake signed off on the proposal Friday at the Federal Bankruptcy Court in Newnan.

According to the proposal, creditors get $500,000 and the three schools will split the remaining $500,000.

The schools were slated to get the full prize but the money has been tangled up in former state schools Superintendent Kathy Cox's bankruptcy for two years.

She won the money after appearing on Fox's "Are You Smarter than a 5th Grader?" in September 2008. Cox and her husband, John, filed for bankruptcy two months later after his home building business failed.

She wanted the money to go to scholarships for the schools.

Cox resigned her job at the end of June to run a national education nonprofit in Washington, D.C.

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