Dr. Phil’s Media Venture Bankruptcy Is Invalid, Broadcaster Says

Dr. Phil’s fallen media venture, Merit Street Media Inc., should be tossed out of a Texas bankruptcy court because its Chapter 11 case was filed in bad faith, its Christian broadcast partner said.

Merit Street’s bankruptcy was filed to gain a tactical advantage in litigation, Trinity Broadcasting Network of Texas Inc. told the US Bankruptcy Court for the Northern District of Texas in a July 18 motion. The company didn’t have corporate authority to file, Trinity added.

Merit Street’s aim is to borrow money from Phil McGraw and his company, Peteski Productions Inc., to fund litigation and run a ...