DarksydePhil / TheyCallMeDSP / Phil Burnell - General Discussion

[James Smith]

I don't understand why he would rather foreclose on the condo and actively stop paying and lose it instead of selling it and actually getting some money back. What is the reasoning? Just everything about that idea sounds fucking dumb I don't understand how anyone capable of reading at a 3rd grade level thinks it is a good idea.

He owes $90K and it's only worth $60K. Assuming it sells for $60K the lender may have the ability to let him pay them the $60K up front and keep paying the rest of the mortgage but they probably won't because at that point they'll have lost all collateral.

DSP thinks, because he's an astronomical moron, that he can just stop paying for it and the lender will repossess the condo and leave him alone. He doesn't understand (well... he might now if that's what his stressful phone calls were about) that they won't just leave him alone; they will auction it off for like $40K and sue him for the remaining $50K plus legal costs and auction costs. They will win. "I can't afford to fulfill my contractual obligations" is never good enough for a judge. He'll lose, they will garnish his income, and the end result will be him paying the same amount every month as he was before except now he doesn't own it anymore.

Then he'll declare bankruptcy and he will be forced to file documents (which will become public record for all time) showing how much money he makes, how much debt he has (along with who it's to and how it's secured), how much money he has, and how much personal property he has (along with what it's worth.)

The potential foreclosure saga will happen at earliest 3-4 months from now and the potential bankruptcy saga will happen in the following months.

 

[DSPGouting]

Given that he considers an 80-degree day to be a heat wave he'd likely spontaneously combust two seconds after stepping outside to go to the store in the summer.

Awfully bold of you to assume Dave actually goes outside more than twice a year for any reason

He owes $90K and it's only worth $60K. Assuming it sells for $60K the lender may have the ability to let him pay them the $60K up front and keep paying the rest of the mortgage but they probably won't because at that point they'll have lost all collateral.

DSP thinks, because he's an astronomical moron, that he can just stop paying for it and the lender will repossess the condo and leave him alone. He doesn't understand (well... he might now if that's what his stressful phone calls were about) that they won't just leave him alone; they will auction it off for like $40K and sue him for the remaining $50K plus legal costs and auction costs. They will win. "I can't afford to fulfill my contractual obligations" is never good enough for a judge. He'll lose, they will garnish his income, and the end result will be him paying the same amount every month as he was before except now he doesn't own it anymore.

Then he'll declare bankruptcy and he will be forced to file documents (which will become public record for all time) showing how much money he makes, how much debt he has (along with who it's to and how it's secured), how much money he has, and how much personal property he has (along with what it's worth.)

The potential foreclosure saga will happen at earliest 3-4 months from now and the potential bankruptcy saga will happen in the following months.

I'm not gonna lie, that's actually the most exciting news I've heard regarding Dave in a while, fingers crossed eh.

 

[Nigel of Ukip]

that they won't just leave him alone; they will auction it off for like $40K and sue him for the remaining $50K plus legal costs and auction costs. They will win.

In the EU those legal costs can go up to a significant, insane amount if you're an idiot and waste their time. Is US around the same level? Becuse this could end up fucking him up more, imo.

he'll declare bankruptcy and he will be forced to file documents (which will become public record for all time) showing how much money he makes, how much debt he has (along with who it's to and how it's secured), how much money he has, and how much personal property he has (along with what it's worth.)

I hope this happens, seeing all that information would be amazing.
But with his luck some whales will come about and save his ass, some Deus Ex scenario will happen.

 

[FamicomGorby]

In the EU those legal costs can go up to a significant, insane amount if you're an idiot and waste their time. Is US around the same level? Becuse this could end up fucking him up more, imo.



I hope this happens, seeing all that information would be amazing.
But with his luck some whales will come about and save his ass, some Deus Ex scenario will happen.

According to this site the average cost with an attorney is gonna be around $3000, might be a bit more for him since he's got property in two states. There is the possibility his case gets dismissed though since he might fail the means test or doesn't go to mandatory finance management classes.

https://www.natlbankruptcy.com/how-much-does-it-cost-to-file-bankruptcy-2/


Something I wonder, if he's failing to pay on the CT condo, could the bank that he has that mortgage with put a lien on his WA condo?

 

[Dumpster dived waifu]

Then he'll declare bankruptcy and he will be forced to file documents (which will become public record for all time) showing how much money he makes, how much debt he has (along with who it's to and how it's secured), how much money he has, and how much personal property he has (along with what it's worth.)

The curious part of me really wants to know how bad hes fucked his own credit. I look forward to the bright future that is the bankruptcy saga.

 

[bearsintrees]

Found Phil's new mascot for next month.

 

[Doctor of Twitchanomics]

He's wrong about his recent "give me stuff instead of money so I don't have to pay taxes" shtick by the way. If a business is given something it's taxable as income for its fair market value. He's not going to get in any trouble over a $60 game or probably even $800 TV/console package but he is committing tax evasion.

Agreed. He suppose to have a "business degree" but doesn't understand that his fans sending him PSN codes are still considered "income" as far as his business is concerned. Granted, a "$60 game" might not be much but he actually convinces his paypigs to send him enough of these it could eventually add up. Plus you know he will still claim the games' cost as a "business expense" when he files his taxes next year. This guy is pure sleeze and anyways looking for a way to finesse the system. We are starting to see signs that is backfiring on him and wouldn't be surprised if he keeps it up someone tipping off the IRS to take an even closer look at him.

 

[Abe Vigoda]

He's wrong about his recent "give me stuff instead of money so I don't have to pay taxes" shtick by the way. If a business is given something it's taxable as income for its fair market value. He's not going to get in any trouble over a $60 game or probably even $800 TV/console package but he is committing tax evasion.

Does anyone know, if this credit nonsense triggers an audit, can he get pinned for those kinds of statements on stream? I know it’s likely far too trivial to trigger criminal charges, but it seems tremendously irresponsible to be saying that kind of stuff on video. I can just imagine some “mentally ill detractor” finding out who’s assigned to Dave’s case sending hours of incriminating clips.

 

[kebab4you]

Beating a dead horse but why not just roll the debt left from selling the ghetto apartment into his khando? Yeah, you end up owning a bit more on it but month to month gets hell of a lot easier for you.

 

[James Smith]

Does anyone know, if this credit nonsense triggers an audit, can he get pinned for those kinds of statements on stream? I know it’s likely far too trivial to trigger criminal charges, but it seems tremendously irresponsible to be saying that kind of stuff on video. I can just imagine some “mentally ill detractor” finding out who’s assigned to Dave’s case sending hours of incriminating clips.

They won't really care about the comments specifically, but if alerted they will certainly investigate what other goods and services he got for free and identify whether or not they should be taxed as income.

Beating a dead horse but why not just roll the debt left from selling the ghetto apartment into his khando? Yeah, you end up owning a bit more on it but month to month gets hell of a lot easier for you.

Because the Washington condo already has a lien holder and it gets really convoluted and nasty when you have multiple. The lender won't accept a request to continue the mortgage with the Washington condo as collateral.

 

[Synth]

Beating a dead horse but why not just roll the debt left from selling the ghetto apartment into his khando? Yeah, you end up owning a bit more on it but month to month gets hell of a lot easier for you.

Same reason he tries to sell his statues for the same price he bought them for, even if they're old, opened, and/or damaged.

He refuses to get rid of shit unless he gets back at least what he paid for it and refuses to acknowledge that every day he doesn't do something with it he's losing more money.

 

[UngaWunga]

I'm sure if someone made a point of ringing up the IRS to tell them they heard about some video game streamer who hasn't reported all their PSN codes as income they'd make that a real priority and get some top guys on it asap.

 

[James Smith]

Dave wants to default on all those things, he needs to come here to Texas. It's a debtors paradise. Except for the state and federal government, they can't garnish wages, can't put a lien on property, can't do a damn thing except send letters - and then, only a specific maximum number, otherwise they're responsible for predatory behavior.

They could still sue him for anything owed and not paid as agreed. And they can still take money from his bank account once it's there.

 

[Vivica A. Fox]

Could this be why he's currently asking for PSN Giftcards as donations, selling statues and seems to dislike big donations(Reaction to the 100$)?

Phil is accepting giftcards in lieu of money...like some scammer???

 

[Pargon]

I'm sure if someone made a point of ringing up the IRS to tell them they heard about some video game streamer who hasn't reported all their PSN codes as income they'd make that a real priority and get some top guys on it asap.

Fairly confident this is sarcasm but I'm having an autistic day so I'll just say this is for the benefit of the collective:

Don't do this. The IRS does not need help and as has been discussed many times is one of the few arms of federal government which Does Not Fuck Around. Phil screwed up once and so now they'll always be looking just a little more carefully at his filings than the average Joe. If they think he's not paying his due, they'll come knocking. Again.

 

[EmperorGoutatine]

Phil: "KingofHypocrisy you are wrong, and fucking stupid."

 

[KingjadVCMP]

View attachment 742283

Phil: "KingofHypocrisy you are wrong, and fucking stupid."

But that's precisely what happened, I remember it as well haha

 

[Pargon]

View attachment 742283

Phil: "KingofHypocrisy you are wrong, and fucking stupid."

I hope KoH doesn't intend on reproducing in his lifetime because only a true numbnuts throws fifty cents at someone just to be called stupid.

If I was Phil I'd laugh uproariously every time someone with a big shiny bit crown cheered something like that at me. Just put the dunce cap on your head and walk around in public all day, why don't you?

 

[Doctor of Twitchanomics]

I hope KoH doesn't intend on reproducing in his lifetime because only a true numbnuts throws fifty cents at someone just to be called stupid.

If I was Phil I'd laugh uproariously every time someone with a big shiny bit crown cheered something like that at me. Just put the dunce cap on your head and walk around in public all day, why don't you?

This is most of Phil's audience. I would day he insults about 90% of this paypigs if they say something that doesn't align with his narrative. Yet they continue to do it. Maybe just crave the attention, even if that attention is some fat beggar calling them idiot.

 

[That Hedonist Nerd]

They could still sue him for anything owed and not paid as agreed. And they can still take money from his bank account once it's there.

Not as easy as it sounds. They have to file a writ of foreign judgement, and has to be represented by a Texas law firm, and there's the whole discovery process that has to go down. Really common to show a bank statement during discovery, then immediately close it and open a new one somewhere.

They wouldn't even need to sue him for it, since it's part of his contract when he got the mortgage that he'd pay it back, but it's such a bitch that they'd only do it if they know 100% there's money somewhere. And then there's several law firms around that do nothing but annoy folks like that to death with endless discoveries, etc etc.