Dr. Phil Faces Bankruptcy Liquidation After Court Ruling
TL;DR
Dr. Phil McGraw's media company, Merit Street Media, has had its bankruptcy case converted from Chapter 11 to Chapter 7 by a U.S. Bankruptcy Judge due to lack of hope for rehabilitation, with the judge citing issues like untrustworthy testimony, missing texts, and problematic creditor arrangements.
- Dr. Phil ordered to liquidate in bankruptcy case with ‘no hope for rehabilitation’ Dallas News
- Longtime talk show host loses bankruptcy trial Cleveland.com
- Judge Rules Against Dr. Phil’s Merit Street in Bankruptcy Case, Orders It Converted to Chapter 7 Liquidation Variety
- Dr. Phil Mulls Appeal After Losing Bankruptcy Bid Over Christian Network Deal: “Mr. McGraw Believed He Was Calling The Shots,” Judge Says Deadline
- Dr. Phil Media Venture Will Shift to Trustee-Run Liquidation (3) Bloomberg Law News
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