The bankruptcy filing lists both estimated assets and liabilities in the $100-$500 million range. Merit Street is seeking damages, legal costs, and “further relief as the Court may deem just

Former daytime television talk show host Phil McGraw's JV Merit Street Media has filed for bankruptcy protection and sued its business parther, Trinity Broadcasting, for breach of contract.

Merit Street filed suit against Trinity Broadcasting Network, arguing “one side lived up to its commitments but the other … did not."