The court found “clear cause” to convert the Merit Street Media case from Chapter 11 to Chapter 7, citing deleted texts, conflicts of interest, and lack of candor from Dr. Phil’s restructuring team. A major turn in a $500M media bankruptcy.
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@OctusCredit The judge who decided Dr. Phil McGraw’s bankruptcy case for Merit Street Media was U.S. Bankruptcy Judge Scott W. Everett. The case was heard in the U.S. Bankruptcy Court for the Northern District of Texas, where Everett ordered the conversion of Merit Street Media’s Chapter 11
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