Insolvency Guardian Media Centre
Troubled car dealer facing possible liquidation over repair dispute Stuff
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REVEALED: Latest business liquidations in Brisbane The Courier Mail
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A federal judge ordered that a bankruptcy proceeding for Dr. Phil McGraw’s Merit Street Media, the TV personality’s failed television network venture, be converted to a Chapter 7 liquidation — saying that was in the best interests of creditors including Trinity Broadcasting Network and Professional Bull Riders.
Merit Street was formed as a joint venture between TBN, a not-for-profit Christian broadcaster, and McGraw’s Peteski Productions. Merit filed for Chapter 11 bankruptcy protection on July 2, 2025, after running into financial straits. At the same time, Merit Street sued TBN, alleging breach of contract and claiming it “abused its position as the controlling shareholder”; subsequently, TBN countersued McGraw,…
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Facebook App: Open links in External Browser
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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 is no hope for rehabilitation” for McGraw’s Chapter 11 bankruptcy filing, and Merit Street would therefore need to go into “liquidation mode” going forward. The…
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A TYCOON who invested in a giant block of solid gold has gone bankrupt – and punters now have the chance to own a slice of the $23million cube.
The Castello Cube, a modern art piece made entirely from 24-carat gold, is up for grabs after real estate mogul Klemens Hallmann went broke.
The Austrian businessman, 49, owns a 32 per cent stake in the mind-boggling square.
Authorities have now seized it as part…
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As insolvencies rise across South Africa, legal and insurance experts have warned that company directors who dither during financial distress could face personal exposure for reckless trading – and that existing insurance policies may not be enough to protect them.
Leading legal, insurance and restructuring specialists in South Africa have urged company directors to act swiftly when facing financial distress or risk personal liability…
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