Dr. Phil ordered to liquidate media company after losing bankruptcy case with ‘no hope for rehabilitation’

A federal judge ordered that the bankruptcy case filed by Dr. Phil McGraw’s Merit Street Media be converted to a Chapter 7 liquidation, saying that the Trump-backing celebrity TV psychologist showed a lack of candor by deleting incriminating text messages that revealed a scheme to pay “favored creditors.” According to Bankruptcy Judge Scott Everett, “there…