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‘There is No Hope for Rehabilitation’: Judge Converts Dr. Phil’s Media Startup Bankruptcy to Chapter 7

A month after a weekslong hearing on the motion to dismiss or to convert Merit Street Media’s Chapter 11 bankruptcy, U.S. Bankruptcy Judge Scott Everett converted the case to a Chapter 7 from the bench Tuesday afternoon. 

“There is no hope for rehabilitation,” Judge Everett said. 

Alexa Shrake

Alexa covers litigation and trials for The Texas Lawbook.

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