Merit Street Media, the media company backed by television personality Dr. Phil McGraw, is seeking to terminate its Chapter 11 bankruptcy case due to its inability to cover legal fees. The company has faced challenges in its bankruptcy proceedings, including the withdrawal request of its legal counsel, Sidley Austin, who cited an "unreasonable financial burden" and concerns over the risk associated with representing the client. Concurrently, Dr. Phil is embroiled in a legal dispute with Trinity Broadcasting Network (TBN), which has filed a countersuit accusing him of a years-long fraudulent scheme to defraud the Christian broadcaster under a deal valued at nearly $500 million. The lawsuit alleges mismanagement, fraud, and breach of contract related to the "Dr. Phil" show. Dr. Phil reportedly sought to leave CBS due to perceived censorship of his show's content, expressing frustration over legal restrictions on his broadcast material. Despite these challenges, Dr. Phil's media company has filed a new motion in the bankruptcy case as it attempts to resolve its financial and legal difficulties.