Dr Phil’s firm tried to file for chapter regardless of private $400 million internet value
A decide has denied Dr Phil’s try to file for chapter for his media start-up Benefit Road Media.
Regardless of having a reported $400 million (£305 million) internet value, the legendary TV presenter, 75, nonetheless felt the necessity to file for Chapter 11 for the corporate he based again in 2024.
Benefit Road Media, the tv streaming community, was recognized for displaying Dr. Phil Primetime, in addition to reruns of Dr. Phil and Steve Harvey.
In July 2025, nevertheless, the corporate filed for chapter after getting caught up in a authorized battle with its companions, the Trinity Broadcasting Community (TBN), Benefit Road alleged a breach of contract, whereas TBN countersued and alleged fraud.
Choose Scott Everett dominated that Benefit Road should, as a substitute, transfer to Chapter 7 liquidation, which means its property shall be bought to repay collectors.
Everett accused Dr Phil, whose actual title is Phillip Calvin McGraw, of an absence of transparency in regards to the firm’s monetary collapse, including that it was ‘useless as a doornail’ when chapter was filed.
The decide additionally discovered that Dr Phil deleted textual content messages revealing so-called plans to favour sure collectors, calling the case ‘an anomaly’.
McGraw deliberate to pay ‘favoured collectors and never pay disfavoured collectors, as his personal texts present that he wished to do’, Everett claimed.
In the meantime, Dr Phil’s representatives strongly denied destroying proof, saying they might problem the ruling.
A spokesperson for his manufacturing firm, Peteski Productions, told the Hollywood Reporter that the choice shall be appealed.
“We take nice exception to the courtroom’s improper assertions concerning the alleged destruction of proof, which merely didn’t occur,” they mentioned.
“We won’t let this stand given all that Dr Phil and Peteski Productions have completed to guard Benefit Road staff, distributors, and different events and to resolve this unlucky state of affairs.
“In the present day’s ruling discovered that Dr. Phil grew to become the only director of Benefit Road lengthy after the corporate grew to become overwhelmed by debt due to Trinity Broadcasting’s mismanagement.
“Dr. Phil is pleased with his efforts to assist Benefit Road by way of this course of however can also be happy that he can now commit his time and vitality to his new community, Envoy.”
McGraw is alleged to personal all of his present content material and apparently pays CBS a sum in alternate for a lower of the promoting income, in accordance to Movie star Internet Price.
You have to be of a sure age to recollect when Dr Phil first gained fame within the Nineteen Nineties, having appeared on The Oprah Winfrey Present as a psychology knowledgeable.
His recognition led Oprah to assist him launch his personal present, Dr. Phil, in 2002, the place he supplied recommendation and counseling on well being points, in addition to many viral moments.
The present grew to become probably the most watched discuss exhibits within the US, working for 21 seasons till it resulted in 2023.
Though he holds a doctorate in scientific psychology, Dr Phil stopped training as a licensed psychologist within the early 2000s to give attention to media and enterprise ventures.
LADbible Group has contacted Dr Phil’s representatives for remark.
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