December 12, 2025
Trinity Broadcasting of Texas Inc. asked a bankruptcy judge in Dallas to deny a request by Merit Street Media to pay $362,000 in expenses, saying the payroll and benefits the debtor purports that it needs to cover should be investigated.
November 13, 2025
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.
November 03, 2025
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.
October 28, 2025
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.
September 29, 2025
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.
September 29, 2025
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.
September 25, 2025
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.
September 23, 2025
"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.
September 22, 2025
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.
September 16, 2025
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.