The Professional Bull Riders filed an emergency motion regarding Dr. Phil McGraw's Merit Street Media bankruptcy, alleging a bad faith Chapter 11 filing. They claim that Dr. Phil orchestrated this filing to evade $181 million litigation and to facilitate a new media venture, Envoy Media. The case is set for a hearing where the bankruptcy court will decide whether to convert the bankruptcy to Chapter 7, dismiss the filing, or approve debtor-in-possession financing. The Independent has reached out to involved attorneys for comments.
The Professional Bull Riders allege that Dr. Phil orchestrated a Chapter 11 filing for Merit Street Media to avoid litigation and promote a new venture.
PBR claims Merit Street owes it $181 million and filed an emergency motion to compel document production amid accusations of bad faith by Dr. Phil.
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