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Judge Orders Dr. Phil's Media Firm into Liquidation

10/29/2025

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Summary

Story summary

U.S. Bankruptcy Judge Scott Everett ordered Dr. Phil McGraw's Merit Street Media into Chapter 7 liquidation.
The judge criticized McGraw for allegedly manipulating the bankruptcy process to favor certain creditors, noting Merit Street was "as dead as a doornail" at filing.
The ruling follows a Trinity Broadcasting Network lawsuit alleging fraud and mismanagement by McGraw.
McGraw formed his new venture, Envoy Media, just before the bankruptcy filing.
A spokesperson for McGraw's production company plans to appeal the ruling.

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Story summary

U.S. Bankruptcy Judge Scott Everett ordered Dr. Phil McGraw's Merit Street Media into Chapter 7 liquidation.
The judge criticized McGraw for allegedly manipulating the bankruptcy process to favor certain creditors, noting Merit Street was "as dead as a doornail" at filing.
The ruling follows a Trinity Broadcasting Network lawsuit alleging fraud and mismanagement by McGraw.
McGraw formed his new venture, Envoy Media, just before the bankruptcy filing.
A spokesperson for McGraw's production company plans to appeal the ruling.