Dr. Phil Fires Back at His Bankrupt Company’s Creditors, Accusing TBN and PBR of ‘Inflammatory and Damaging’ Attacks Aimed at Depressing Value of Merit Street

Dr. Phil says two creditors of his bankrupt company Merit Street Media — Christian broadcaster Trinity Broadcasting Network and Professional Bull Riders — are trying to smear him in “incendiary” legal filings and trying to drive down Merit Street’s value. And his lawyers invoked a judge’s ruling in the Justin Baldoni-Blake Lively legal fight ordering the parties to refrain from using “disrespectful” language, saying the same directive should apply in this case.

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Phil McGraw‘s Peteski Productions is the proposed debtor-in-possession lender of Merit, which filed for Chapter 11 bankruptcy protection on July 2. Merit Street also sued TBN, the company’s former distribution partner,

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