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Judge Rules Against Dr. Phil in Merit Street Bankruptcy, Orders Case to Be Converted to Chapter 7 Liquidation - Variety

Judge Orders Dr. Phil’s Merit Street Media into Chapter 7 Liquidation

Federal Judge Rules Merit Street Media ‘Hopelessly Insolvent’ A U.S. Bankruptcy Judge has delivered a decisive blow to television personality Dr. Phil McGraw’s attempt to save his fledgling media venture, Merit Street Media (MSM). The court ordered the company’s Chapter 11 bankruptcy filing to be immediately converted into a Chapter 7 liquidation, effectively ending the…