00:00Dr. Phil accused of multi-million dollar cover-up in bankruptcy case.
00:05On Tuesday, October 28th, U.S. bankruptcy judge Scott Everett ordered Dr. Phil's failed television startup, Merit Street Media, into liquidation under Chapter 7,
00:16and declared that creditors would be better off if an independent trustee sold off its assets.
00:21Dr. Phil called out by judge in wild trial.
00:24Dr. Phil was accused of deleting vital evidence in his bankruptcy trial.
00:29Candor to the court is critical.
00:31Judge Everett raged in the just-completed hearing and pointed to court evidence indicating President Trump's pal deleted incriminating text messages
00:38and that he'd try to game the bankruptcy by paying certain favored creditors over others.
00:44The judge then stressed Dr. Phil's business was as dead as a doornail when the bankruptcy was filed.
00:49Mr. McGraw believed he was calling the shots.
00:51However, the judge said the star later deleted a text about wiping out claims by Trinity Broadcasting Network.
00:58And another creditor, professional bull riders, to keep it from being revealed.
01:03The verdict came after the trial over the fallout from the $500 million deal between Dr. Phil and TBN.
01:10Dr. Phil took the stand to defend himself.
01:13The TV host was accused of trying to get out of his massive deal with the network.
01:17I'm like the little engine that could, Dr. Phil said at the time.
01:21I'm doing everything I can to keep Merit up and running.
01:24This theory, that this was all a ploy to set up Envoy Media, is absurd.
01:29Dr. Phil forces himself into immigration chaos.
01:32The 75-year-old plans to appeal the decision.
01:36Before heading to court, Dr. Phil inserted himself into a hot topic by joining ICE and Trump's border czar, Tom Homan, in Chicago.
01:43Great work by Tom Homan and law enforcement taking down a convicted S-offender.
01:49Dr. Phil boasted on the platform, later adding,
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