Dr. Phil fires back at Merit Street -creditors TBN, PBR in bankruptcy application

Dr. Phil says that two creditors from his bankrupt company Merit Street Media – Christian broadcaster Trinity Broadcasting Network and Professional Bull Riders – try to lubricate him in “burning” legal archives and try to lower the value of Merit Street. And his lawyers called in the ruling of a judge in the Justin Baldoni-Blake Lively Legal Fight and orders the parties to abstain from the use of the “disrespectful” language and said that the same directive should be applicable in this case.

Peteski Productions from Phil McGraw is the proposed debtor-in possession of Merit, who applied for bankruptcy protection on 2 July Chapter 11. Merit Street has also sued TBN, the former distribution partner of the company, who claimed that the breach of contract has infringed and claimed that it “abused his position as the controlling shareholder”.

In a submission of 12 August to the US bankruptcy court in the Northern district of Texas, Peteski lawyers objected to the motion that was submitted by TBN and TCT -Ministeries related parties to reject the chapter 11 case of merit, to convert to a chapter 7 liquidation or a chapter 11 Trestee. Peteski also objected to PBR’s partial joints to support the TBN and TCT movement. The Peteski request requested the court to refuse the TBN and PBR motions.

“From the start of this bankruptcy case, both [TBN and PBR] Conducted in a ‘press strategy’ that was largely powered by interests that they knew they would be picked up by the media that took place, predictable, “says Peteski’s submission.” The effect of this is not only insulting and denigrating Peteski and Dr. McGraw, but also to suppress the value of the debtor. ”

In the motion of Trinity to reject the case, it called the bankruptcy of Merit Street that a “Sham procedure is orchestrated by one man – McGraw”, claimed and claimed that the plan was implemented “in the middle of the night … designed to have McGraw removed as a thief.” PBR, in a motion filed last week to Compel Document Production from Merit Street, The Tko Group-Onded Company Said, “All Evidence Presently Suggests That Phillip C. McGraw (‘Dr. Phil’) Orchestrated this chapter Pbrid and Juming Litigation (‘Envoy’), A Brand-New Media Venture He Founded Before DeBtor Filed This Case, With The Debtor’s Remoining Assets Free and Clear or all the inheritance and obligations he has done on behalf of the debtor. “

According to the submission of Peteski: “The motion for dismissing and PBR operation is full of inflammatory and harmful claims of evil loyalty, incorrect behavior and self-dependent, which are unfounded, speculative and not supported by the file.”

During a hearing of a bankruptcy court, the counsel of Trinity “wrongly stated that Dr. McGraw” Zero “episodes” set up for Merit Street from a contractually mandatory 160-minute episodes and “Millions of Dollars in his pocket”, according to the submission of Peteski. ” Phil Primetime ‘to fit in a time slot of 60 minutes, even though there are enough images to house the longer period and, indeed,’ Dr. Phil Primetime ‘flowed by after the first hour. “

Despite the ‘early financial problems’ of Merit Street, from the launch of the Merit Network until May 2025, Peteski produced the network of the network, including 220 episodes of’ Dr. Phil Primetime ‘. These episodes include interviews with public figures such as President Donald Trump and Israeli Prime Minister Benjamin Netanyahu, according to the submission. Trinity Broadcasting, despite the fact that it “agreed to pay for this high -quality programming”, “are in default in its obligations and Peteski is owed millions of dollars,” said the submission.

In the meantime, Trinity counsel also said during the same hearing that McGraw ‘brought internally over his’ gangster Move ‘to take over’ Merit Street. “The evidence will demonstrate that this statement has been made by an e -mail incorrectly [from Dr. Phil] That TBN was wrongly and illegally accessible for his server that he hosted for the debtor as part of his contractually compulsory services under the Joint Venture agreement, “according to the submission of Peteski (Dr. Phil’s lawyers do not offer a context for his” Gangster Move “commentary.)

According to the submission of Peteski, the ‘business actions and decisions of Merit Street have been taken in full compliance
With the law of Texas and his business articles of association. The decision to explain the bankruptcy was far from an ‘appearance’ and instead was a painful decision after a lot of sweat certificate had been invested in the Merit Network trip and brand development by Dr. McGraw. ”

According to Dr.’s lawyers Phil, ‘is Peteski, who is robbed of a platform for’ Dr. Phil Primetime ‘and other programming, busy rebuilding a network from the ground. Envoy will be called that network. The suggestion that this was Peteski’s preferred may is delivered by the facts. ” Peteski Productions invested nearly $ 50 million “in an attempt to save the merit network,” said the submission. When Trinity would have obtained a continuation of the ultimate hearing of the debtor, a loan would also have approved the payment of the employees of Merit for their pre-bankbroken work, “Peteski himself wrote checks of a total of almost $ 1,000,000, so these employees of whom were paid for the urgent need.

Peteski’s lawyers asked the court to give a “Dondi” instruction to parties in the case, a reference to a decision in 1988 Case Dondi Properties Corp. v. Commerce Sav. & Loan Assoc. That “behavioral standards explained for lawyers and parties” in the US court for the Northern district of Texas.

Moreover, Dr.’s lawyers say Phil that the court “must admonish all parties and their counselor to adhere to an order”, similar to that of the American district judge Lewis J. Liman in the case between actors Blake Lively and Justin Baldoni. In those proceedings, Judge Liman partially ordered that “all persons who submit documents in this case … are advised that they should not be used in any submission to this court language that is disrespectful for the parties, their counsel or the court.”

The submission of Peteski claims that to date there are around 700,000 subscribers to the Merittv app, and “his platform can be very attractive, either in itself or in combination with another investor/copper. The actions of Trinity and PBR are aimed at destroying that value.”

The submission of the company concludes: “Peteski urges the court to decide the hanging motion to dismiss, and pbbr -and any answers thereby as quickly as the schedule will allow. Justice is delayed, the justice will be refused. In this case, unfortunately, justice will be a killed punishment for the debris.”