Judge Orders 'Dr. Phil' Media Network Into Chapter 7

**Summary:**In a dramatic turn of events, Dr. Phil's network, Merit Street Media, was ordered to be liquidated under Chapter Seven bankruptcy, with TBN emerging victorious in a legal battle. The network, co-founded by Dr. Phil and TBN, faced financial troubles, leading to Dr. Phil's filing for bankruptcy. TBN accused Dr. Phil of attempting to freeze them out and restructure deals in his favor. The judge rejected Dr. Phil's argument for Chapter Eleven, citing questionable moves and evidence deletion. Dr. Phil's lawyers plan to appeal, while TBN claims vindication and accuses Dr. Phil of attempting to fleece the company. An independent trustee will now handle the liquidation, with courts investigating further legal fallout. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.