Dr. Phil, Christian Network Clash Over Media Co. Ch. 11 Loan

By Rick Archer · July 3, 2025, 5:50 PM EDT

A Texas bankruptcy judge on Thursday gave a media company permission to draw on a Chapter 11 loan from its founder, television personality Phil McGraw, and set a short schedule for...

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Bankruptcy Scorecard

Summary

A Texas broadcasting network co-founded and co-owned by TV personality Dr. Phil's production company filed for bankruptcy to sell its assets. It simultaneously sued the other half of the joint venture, Christian broadcaster Trinity Broadcasting Network, alleging it failed to live up to its obligations under the partnership.

Case Number

8:25-bk-80156

Judge

Scott W. Everett

Venue

U.S. Bankruptcy Court for the Northern District of Texas

Capital Structure

Total Liabilities:

$100 million to $500 million

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Related Sections

Case Information

Case Title

Merit Street Media, Inc.

Case Number

8:25-bk-80156

Court

Texas Northern

Nature of Suit

Date Filed

July 02, 2025

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