Dr. Phil's Media Startup Faces Liquidation After Bankruptcy Loss
TL;DR
Dr. Phil lost a court case that challenged his media startup's bankruptcy, which the court found was improperly filed to favor certain creditors and involved misconduct such as deleting incriminating messages. The case will now proceed as a Chapter 7 liquidation, with a trustee overseeing asset sales and ongoing litigation, including allegations of financial misconduct and breach of contract.
- Dr. Phil Loses Trial Over His Media Startup’s Bankruptcy The Hollywood Reporter
- Judge Rules Against Dr. Phil’s Merit Street in Bankruptcy Case, Orders It Converted to Chapter 7 Liquidation Variety
- Dr. Phil Ordered to Liquidate Merit Street Media in Chapter 7 Bankruptcy TheWrap
- 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’s Media Venture Will Shift to Trustee-Run Liquidation Bloomberg Law News
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