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Dr. Phil McGraw’s latest business venture is not going according to plan.

In fact, the once-beloved TV personality is now dealing with legal drama that could have major ramifications.

In April of 2024, McGraw launched a media company and television network called Merit Street Media, which filed for bankruptcy less than a year later.

Now, a judge is accusing Phil of attempting to deceive the court during bankruptcy proceedings.

Judge blasts Dr. Phil amid bankruptcy proceedings

Merit Street Media filed for Chapter 11 bankruptcy, but this week, Judge Scott W. Everett of the U.S. Bankruptcy Court for the Northern District of Texas ruled that the company only qualified for Chapter 7 liquidation and would therefore need to liquidate its assets.

According to

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