PBR Accuses Dr. Phil of 'Orchestrating' Merit Street Bankruptcy, Forming Envoy Media Avoid Paying Creditors

Professional Bull Riders wants to know whether Dr. Phil led his Merit Street Media to file for bankruptcy in a “bad faith” move — while shifting assets into a newly created company, Envoy Media Co. — in order to avoid repaying PBR and other creditors monies owed.

PBR filed an emergency motion with the U.S. Bankruptcy Court in the Northern District of Texas seeking to compel production of documents from Merit Street and McGraw’s Peteski Productions to determine whether Merit Street filed the bankruptcy case “in bad faith.”

“All evidence presently suggests that Phillip C. McGraw (‘Dr. Phil’) orchestrated this Chapter 11 Case to avoid menacing litigation against PBR and jumpstart Envoy Media Co. (‘Envoy’), a brand-new media venture he founded the day before Debtor filed this case,