Merit Street Media, Inc.
Case Number:
8:25-bk-80156
Court:
Nature of Suit:
Firms
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November 13, 2025
Dr. Phil Media Co. Must Trim Expenses In Ch. 11, Judge Says
A Texas bankruptcy judge on Thursday significantly trimmed a request by Merit Street Media to pay administrative expenses in its bankruptcy case, expressing concern that the company is appealing its case's Chapter 7 conversion while running its business at a loss.
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November 03, 2025
Dr. Phil Biz Ch. 11 Converted, Claire's Can Exit Bankruptcy
A judge agreed to switch the bankruptcy of a media company tied to talk show host Dr. Phil McGraw to a Chapter 7 case, Claire's obtained approval for its Chapter 11 exit plan and Spirit Airlines got the final sign-off for more than $1 billion in postpetition financing.
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October 28, 2025
Dr. Phil Media Co. Bankruptcy Converted To Ch. 7
A Texas bankruptcy judge converted the bankruptcy of Merit Street Media to a Chapter 7 liquidation Tuesday, saying an independent trustee was needed to wade through issues surrounding the destruction of the relationship between talk show host Dr. Phil McGraw and Christian network Trinity Broadcasting.
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September 29, 2025
Merit Street Ch. 11 Judge Shares Dismissal Evidence Concern
The bankruptcy judge presiding over the Chapter 11 case of Merit Street Media expressed his concerns Monday over some of the evidence presented during a multi-day trial over motions to dismiss the company's bankruptcy, saying some testimony caused him to lose sleep.
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September 29, 2025
Spirit Airlines Settles With AerCap, Dr. Phil Defends Layoffs
Spirit Airlines reached a global settlement with its largest lessor, AerCap, clearing a major hurdle in its second Chapter 11 case. 23andMe received a Missouri bankruptcy court's approval to include up to $86.5 million in data breach settlements in its Chapter 11 plan. Dr. Phil defended layoffs at his joint venture with Trinity Broadcasting, saying the job cuts were necessary due to financial constraints. And FTX's recovery trust sued Genesis Digital Assets to reclaim more than $1 billion the cryptocurrency exchange invested in it before bankruptcy.
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September 25, 2025
Dr. Phil Defends Worker Layoffs That Came With Ch. 11
Phil McGraw, also known as Dr. Phil, hit back Thursday at accusations that workers at his television channel joint venture were fired when it filed for bankruptcy so they could work for a new entity started by McGraw, saying that the terminations were needed because the company's financials hit a wall that couldn't be overcome.
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September 23, 2025
Dr. Phil Says Trinity 'Abandoned' TV Network Before Ch. 11
"Dr. Phil" McGraw testified Tuesday in Texas bankruptcy court that he sought control of his joint venture with Trinity Broadcasting last year because his partner had "abandoned" the venture's mission and failed to support it during its startup phase.
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September 22, 2025
Trinity Prez Says Dr. Phil's Show Was Financial Loser
The president of Trinity Broadcasting Network testified Monday in Texas bankruptcy court that the "Dr. Phil Show" never made any money for the network despite assurances from the show's star that it would start generating revenue, as the broadcaster is seeking dismissal of the production company's Chapter 11 case.
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September 16, 2025
Trinity Says Dr. Phil's Media Co. Filed Ch. 11 In Bad Faith
Trinity Broadcasting Network told a Texas bankruptcy judge on Tuesday that the Chapter 11 case of Dr. Phil McGraw's Merit Street Media was filed in bad faith as a way to escape some debts while keeping the assets of the business and giving them to a new entity started by the television therapist.
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September 15, 2025
Dr. Phil Media Co.'s Committee Backs Chapter 11 Settlement
Merit Street Media's official committee of unsecured creditors has thrown its support behind a proposed $17 million Chapter 11 settlement funded by Dr. Phil McGraw's production company Peteski Productions, saying a bankruptcy plan would result in the best outcome for creditors.