[Dec 15 2019] Foreclosure Saga - http://civilinquiry.jud.ct.gov/CaseDetail/PublicCaseDetail.aspx?DocketNo=FBTCV196091825S

[An Avenging Bird]

I can completely see Phil being one of those guys sitting in Saul Goodman's waiting room

 

[AnOminous]

Even if Phil waves his day in court and allows a judgement to be placed against him, it doesn't really mean anything. If I'm not mistaken, 80% of all judgements go unpaid. Kind of shocking really, it's been awhile since I've read up on civil law.

Most judgments are unpaid because they're against people with no jobs, source of income, or any potential to pay. This doesn't apply to deadbeats with known property, known sources of income, who just decided not to bother paying.

I'd also bet a lot of that "80%" just means not fully paid, not paid at all. At the very least the property with a mortgage on it is going to whoever bought his debt as an investment. If they also get a deficiency judgment and can collect even a fraction of that, it's just gravy to them.

 

[Captain Ahab]

We can argue back and forth what is and isn’t gonna happen to him, but the reality is that you can’t outjew a bank Jew. They have the knowledge, financial resources, social standing, and Jewishness to utterly destroy you if they so wish. This schmuck couldn’t outwit a pizza delivery guy, let alone an institution whose sole purpose is making money.

 

[Silent Observer]

We can argue back and forth what is and isn’t gonna happen to him, but the reality is that you can’t outjew a bank Jew. They have the knowledge, financial resources, social standing, and Jewishness to utterly destroy you if they so wish. This schmuck couldn’t outwit a pizza delivery guy, let alone an institution whose sole purpose is making money.

The issue isn't whether the bank will come for compensation. The issue is whether Dave will find a way to pigroach his way out of any life-altering consequences. It's fun to imagine the bank sending an army of repo men to Phil's Connecticut condo, but what may likely happen is that the bank will take Phil's WAkahndo and put him on a payment plan for the rest. He'll be in debt forever and his credit will be nuked, but it won't faze Phil, who doesn't care about anything but immediate stability, and will go on acting like nothing happened. The best outcome (for us) is for the bank to seize both his homes, but so far it's unclear whether they will go that far.

 

[BallBuster]

The bank can easily have a court okay a subpoena for his financial records. Here is something else I thought of that could be on the horizon for our dear goutlord:

The Audit Saga.

Going into foreclosure. On a tax payment plans cause he is constantly late on tax payments. All the nonsense he has been through with his financials in the past, like not paying business taxes for years.

These are massive red flags, that when they are all combined, could trigger a massive audit on top of the foreclosure. He is not only fucking with the money that belongs to a bank, he’s fucking with money that belongs to the government. He could be on the verge of the greatest cockmeat sandwich ever delivered.

If that were to happen, we would be in content heaven.

 

[King Daddy Telomerase]

How hasn't Phil been audited yet?

Years of unpaid taxes, unpaid mortgages, unpaid tax payment plans, enormous crippling debts, admitting to tax fraud countless times on recorded video.

 

[the khat quaffer]

The best outcome (for us) is for the bank to seize both his homes, but so far it's unclear whether they will go that far.

The bank can easily have a court okay a subpoena for his financial records. Here is something else I thought of that could be on the horizon for our dear goutlord:

The Audit Saga.

Going into foreclosure. On a tax payment plans cause he is constantly late on tax payments. All the nonsense he has been through with his financials in the past, like not paying business taxes for years.

If that were to happen, we would be in content heaven.

I only want two things out of this saga and the crack-den apartment saga that must deliciously follow:

1) Phil doesn't go away. He keeps rotting away on that couch, begging children for tips and donations for the rest of his life. But most importantly, Phil doesn't go away.

2) Mature, not-black-and-white, intelligent & properly hinged reality slaps him with a rolled up newspaper in the most public, humiliating way possible.

 

[Silent Observer]

The bank can easily have a court okay a subpoena for his financial records. Here is something else I thought of that could be on the horizon for our dear goutlord:

The Audit Saga.

Going into foreclosure. On a tax payment plans cause he is constantly late on tax payments. All the nonsense he has been through with his financials in the past, like not paying business taxes for years.

These are massive red flags, that when they are all combined, could trigger a massive audit on top of the foreclosure. He is not only fucking with the money that belongs to a bank, he’s fucking with money that belongs to the government. He could be on the verge of the greatest cockmeat sandwich ever delivered.

If that were to happen, we would be in content heaven.

What kind of consequences could Phil face from such an audit? Monetary forfeiture? Asset Forfeiture? Jail time? Some kind of combo?

How hasn't Phil been audited yet?

Years of unpaid taxes, unpaid mortgages, unpaid tax payment plans, enormous crippling debts, admitting to tax fraud countless times on recorded video.

Either the auditors view Phil as too pathetic to make a priority, Phil has been audited but is too ashamed to admit it, or Phil actually has been paying his taxes and lying to his paypigs for more money. Either way, tax collectors will definitely be looking into him after his impending foreclosure and/or bankruptcy.

 

[Punished Brent]

The pig roach will be fine. I can’t imagine anything getting between him and creating kahntent. At most he will probably get a 3rd wife after the financial strain causes them to split. Actually idk she willingly married a man who was caught masturbating on livestream. Actually was that before they even got together?

 

[Meech]

Now my only experience with lawyering comes from books and movies. But, if (when) Phil loses the case, is he on the hook for the banks legal costs?

How likely is it that the lawyers from the bank see that Phil isn't contesting and just start billing hours like crazy knowing they'll get the win and he'll be on the hook for huge fees?

 

[Adamska]

The issue isn't whether the bank will come for compensation. The issue is whether Dave will find a way to pigroach his way out of any life-altering consequences. It's fun to imagine the bank sending an army of repo men to Phil's Connecticut condo, but what may likely happen is that the bank will take Phil's WAkahndo and put him on a payment plan for the rest. He'll be in debt forever and his credit will be nuked, but it won't faze Phil, who doesn't care about anything but immediate stability, and will go on acting like nothing happened. The best outcome (for us) is for the bank to seize both his homes, but so far it's unclear whether they will go that far.

Oh he'd probably tantrum if he lost the manchild mansion, because that was one of his toys he loved showing off to prove he's a big boy with a big job and how stupid all the haters are. I just think he's already got the excess paid off courtesy of his mommy forcing his daddy to pay enough of the difference to lose the old fucktard flat and not the mcmansion/condo.

 

[WeeblesWobble]

Now my only experience with lawyering comes from books and movies. But, if (when) Phil loses the case, is he on the hook for the banks legal costs?

How likely is it that the lawyers from the bank see that Phil isn't contesting and just start billing hours like crazy knowing they'll get the win and he'll be on the hook for huge fees?

 

[Synth]

View attachment 1058481

Yeah, I was pretty sure that attorney fees were included in decisions, but there would be a limit to what could be claimed. I'm sure there's a dictionary-sized book used to determine what "reasonable" means when it comes to these sorts of things, though.

 

[King Daddy Telomerase]

This is assuming Phil's "tax attorney/accountant/whatever guy" isn't his father.

 

[PenskeMaterial]

I only want two things out of this saga and the crack-den apartment saga that must deliciously follow:

1) Phil doesn't go away. He keeps rotting away on that couch, begging children for tips and donations for the rest of his life. But most importantly, Phil doesn't go away.

2) Mature, not-black-and-white, intelligent & properly hinged reality slaps him with a rolled up newspaper in the most public, humiliating way possible.

Same. I want the salt mine to keep operating but I also want him to finally suffer major consequences for his actions.

 

[FamicomGorby]

Same. I want the salt mine to keep operating but I also want him to finally suffer major consequences for his actions.

I think we would all prefer for the Phil saga to burn out in a blaze of bankruptcy glory than to have it continue to drag out till Phil has a heart attack on stream while begging for more tips and yelling bout his twenty year legacy.

 

[AnOminous]

We can argue back and forth what is and isn’t gonna happen to him, but the reality is that you can’t outjew a bank Jew. They have the knowledge, financial resources, social standing, and Jewishness to utterly destroy you if they so wish. This schmuck couldn’t outwit a pizza delivery guy, let alone an institution whose sole purpose is making money.

You totally can. Even after being repeatedly nerfed, bankruptcy law is still incredibly powerful.

 

[Chan the Wizard]

I’m so confused by Phil. Why didn’t he try to rent out the Kahndo?
Even assuming he couldn’t get the full mortgage payment a month, surely it would’ve knocked it down enough for him to afford it. Then once it’s paid off you can sell it for as much as you can get.
Of course, this is someone who moved across the country for no reason, bought another Kahndo and has leased several expensive cars despite his entire job being done from his home and not needed transportation or relocation.

His monthly minimum on credit cards and loans must be astronomical. Coupled with two mortgages, car payments and taxes, he’s probably well and truly fucked financially. I doubt his parents could save him even if they want to. If he’s letting it go into foreclosure, his other personal debt must be beyond what he can handle. Even if his parents could give him $30,000 or whatever the difference is for Kahndo, I’m going to guess his overall debt is still eating him alive and he’s one bad month from complete ruin.

He really should be talking to a bankruptcy lawyer and attempt to file for bankruptcy and setup a payment plan. But I don’t even know if that would be a good option for a streamer. If he had an actual steady job... but 3-5 years from now do you think DSP will be making a fraction of his current income? And if he is, Phil is an idiot and will get cocky and decide he doesn’t need to comply with the payment plan anymore and then instead of having his debts discharged, the vultures are back to suck the marrow from the bones.

 

[WeeblesWobble]

I’m so confused by Phil. Why didn’t he try to rent out the Kahndo?
Even assuming he couldn’t get the full mortgage payment a month, surely it would’ve knocked it down enough for him to afford it. Then once it’s paid off you can sell it for as much as you can get.
Of course, this is someone who moved across the country for no reason, bought another Kahndo and has leased several expensive cars despite his entire job being done from his home and not needed transportation or relocation.

His monthly minimum on credit cards and loans must be astronomical. Coupled with two mortgages, car payments and taxes, he’s probably well and truly fucked financially. I doubt his parents could save him even if they want to. If he’s letting it go into foreclosure, his other personal debt must be beyond what he can handle. Even if his parents could give him $30,000 or whatever the difference is for Kahndo, I’m going to guess his overall debt is still eating him alive and he’s one bad month from complete ruin.

He really should be talking to a bankruptcy lawyer and attempt to file for bankruptcy and setup a payment plan. But I don’t even know if that would be a good option for a streamer. If he had an actual steady job... but 3-5 years from now do you think DSP will be making a fraction of his current income? And if he is, Phil is an idiot and will get cocky and decide he doesn’t need to comply with the payment plan anymore and then instead of having his debts discharged, the vultures are back to suck the marrow from the bones.

He said that the money he got wouldn't have been enough. Which is stupid because, ya know, any amount of extra income is enough. Especially when you have a property you are paying for that is not being used whatsoever.

 

[tzgnilki]

I’m so confused by Phil. Why didn’t he try to rent out the Kahndo?
Even assuming he couldn’t get the full mortgage payment a month, surely it would’ve knocked it down enough for him to afford it. Then once it’s paid off you can sell it for as much as you can get.
Of course, this is someone who moved across the country for no reason, bought another Kahndo and has leased several expensive cars despite his entire job being done from his home and not needed transportation or relocation.

His monthly minimum on credit cards and loans must be astronomical. Coupled with two mortgages, car payments and taxes, he’s probably well and truly fucked financially. I doubt his parents could save him even if they want to. If he’s letting it go into foreclosure, his other personal debt must be beyond what he can handle. Even if his parents could give him $30,000 or whatever the difference is for Kahndo, I’m going to guess his overall debt is still eating him alive and he’s one bad month from complete ruin.

He really should be talking to a bankruptcy lawyer and attempt to file for bankruptcy and setup a payment plan. But I don’t even know if that would be a good option for a streamer. If he had an actual steady job... but 3-5 years from now do you think DSP will be making a fraction of his current income? And if he is, Phil is an idiot and will get cocky and decide he doesn’t need to comply with the payment plan anymore and then instead of having his debts discharged, the vultures are back to suck the marrow from the bones.

he tried to rent it out but the realtor called him instead of texting him, so he ended the relationship

not even a meme