Judge Rules Against Dr. Phil in Merit Street Bankruptcy, Orders Case to Be Converted to Chapter 7 Liquidation

A federal judge ordered that a bankruptcy proceeding for Dr. Phil McGraw’s Merit Street Media, the TV personality’s failed television network venture, be converted to a Chapter 7 liquidation — saying that was in the best interests of creditors. Merit Street was formed as a joint venture between Trinity Broadcasting Network, a not-for-profit Christian broadcaster, […]