[16-Jan-2020] DarksydePhil is filing for bankruptcy (general thread) - and has officially done so on January 31 2020, meaning a lot of his finances have become public

[harbinger]

I wonder if he understands her income will get counted when determining how much he has to pay for the plan.

Would this be disclosed in a public filing?

 

[Bryan Dunn]

I wonder if he understands her income will get counted when determining how much he has to pay for the plan.

I just can't wait for the 3 hour mental gymnastic explaination about why his funds he filed in his bankruptcy are over $100,000 dollars(if @actually has been accurately getting as close to the real monthly paychecks as possible, which I believe he has).

Its going to be one wild ride as everyone starts asking him to explain how he made that much while also being supposedly broke.

 

[actually]

I just can't wait for the 3 hour mental gymnastic explaination about why his funds he filed in his bankruptcy are over $100,000 dollars(if @actually has been accurately getting as close to the real monthly paychecks as possible, which I believe he has).

Its going to be one wild ride as everyone starts asking him to explain how he made that much while also being supposedly broke.

Tbh, I'm curious to see how accurate I am on his gross income, because I fully expect to have underestimated how much he gets before tax. On the plus side, we'll probably get a better idea of his average YouTube CPM rate.

 

[James Smith]

Would this be disclosed in a public filing?

Yes.

Its going to be one wild ride as everyone starts asking him to explain how he made that much while also being supposedly broke.

I don't think we'll get anything special. He's broke because he has a lot of debt. He just never explains where exactly that debt came from, except to say he totally had to borrow money for bills (ignore all the now deleted Leanna present videos and the still present vacation and high class eating out vlogs) because other people fucked up his income.

What I want to see, which we won't get, is what he was making for the last 10 years to hammer home (I suspect) that's a total lie and his income didn't suddenly change except 2012 before TIHYDP because of YouTube recalculating views to ignore video plays abandoned within seconds.

 

[Martys_not_smarty]

I just can't wait for the 3 hour mental gymnastic explaination about why his funds he filed in his bankruptcy are over $100,000 dollars(if @actually has been accurately getting as close to the real monthly paychecks as possible, which I believe he has).

Its going to be one wild ride as everyone starts asking him to explain how he made that much while also being supposedly broke.

And on top of that how much of his life is this "army of trolls" has ruined and yet is still bringing in as much money as a doctor, lawyer or someone in some sort of engineering field.

 

[Bryan Dunn]

Tbh, I'm curious to see how accurate I am on his gross income, because I fully expect to have underestimated how much he gets before tax. On the plus side, we'll probably get a better idea of his average YouTube CPM rate.

Just imagine how he spins it though.

"THOSE DOCUMENTS ARE NOT THE REAL DOCUMENTS, THE JUDGE ORDERED THOSE TO BE SEALED IDIOTS!!!"

I just cannot wait to see the funds filed

 

[Martys_not_smarty]

Tbh, I'm curious to see how accurate I am on his gross income, because I fully expect to have underestimated how much he gets before tax. On the plus side, we'll probably get a better idea of his average YouTube CPM rate.

You got an over/under betting set for how close you think you got it?
That aside these proceedings are going to be for all extensive purposes 100% transparent available to the public via foia? Specifically the matters of finances and accumulated debt.

 

[kcbbq]

Or even if he did put effort into finding a job, what company would want to hire him? Can you just imagine him having to deal with an angry customer, staying late to help out a colleague or admitting to a manager he made an error.

He's totally going to open that Italian restaurant.

 

[James Smith]

That aside these proceedings are going to be for all extensive purposes 100% transparent available to the public via foia? Specifically the matters of finances and accumulated debt.

People ask this a lot and the answer is no. Courts don't release information in response to FOIA requests. Federal agencies have to follow the federal FOIA, not courts and the legislature. States might have a records law that's different and I don't know what WA's is like.

I bet if it's not in the case docket they aren't giving it to you. That being said a ton will be in the case docket. Just conversations and stuff might not be.

 

[Bryan Dunn]

People ask this a lot and the answer is no. Courts don't release information in response to FOIA requests. Federal agencies have to follow the federal FOIA, not courts and the legislature. States might have a records law that's different and I don't know what WA's is like.

I bet if it's not in the case docket they aren't giving it to you. That being said a ton will be in the case docket. Just conversations and stuff might not be.

But isn't it going to be publicly available to download the document he fills out declaring his income?

 

[JamFlowMan]

I just can't wait for the 3 hour mental gymnastic explaination about why his funds he filed in his bankruptcy are over $100,000 dollars(if @actually has been accurately getting as close to the real monthly paychecks as possible, which I believe he has).

Its going to be one wild ride as everyone starts asking him to explain how he made that much while also being supposedly broke.

Following Phil as long as I have makes me so pessimistic I not only see his hardcore fans not caring how much money he wasted but they will defend his right to waste any penny they gave him any way he wants.

Maybe seeing it on paper will be the push some of them need to say fuck it, but he's still getting money now even though he admitted every sub/pledge/bit/tip/ad/etc he was given was used so poorly one condo is being foreclosed on and he has to declare bankruptcy.

 

[James Smith]

But isn't it going to be publicly available to download the document he fills out declaring his income?

Yes, that will be in the docket and there's basically no justification he can come up with to prevent the court from making it available for download.

 

[actually]

You got an over/under betting set for how close you think you got it?

For his 2018 income, I think I put my range at like $110k-$130k. 2019 looks pretty similar--I think he's in the $110k-$120k range. I will shocked if I'm overestimating, so my money is on underestimating, but not by more than like $10k, unless he gets a ton of behind-the-scenes money. Which is, of course, certainly possible.

Maybe seeing it on paper will be the push some of them need to say fuck it,

There's a couple of people I've chatted with for whom this would be absolutely true. Their argument was more or less that they don't believe he's making $100,000+. Seeing that he is, assuming that's what comes out, will pretty much be the slap in the face they should need.

Yes, that will be in the docket and there's basically no justification he can come up with to prevent the court from making it available for download.

I forget--how many years' worth of income will he have to show? I would imagine it has to be at least a couple so that a person couldn't purposefully tank their income for a year and file bankruptcy to duck debt they could otherwise actually afford to pay. But our legal system is pretty fubar, so I'm fully prepared to be completely wrong on that.

 

[Martys_not_smarty]

There's a couple of people I've chatted with for whom this would be absolutely true. Their argument was more or less that they don't believe he's making $100,000+. Seeing that he is, assuming that's what comes out, will pretty much be the slap in the face they should need.

It's just not this last year but how many years before that he was making that kind of money and for doing what? This reveal of finance for the last several years, all there black and white clear as crystal is the greatest thing to come out of this saga it's essentially the Pigroach Rosetta Stone....a Pigrochetta Stone if you will.

 

[James Smith]

I forget--how many years' worth of income will he have to show? I would imagine it has to be at least a couple so that a person couldn't purposefully tank their income for a year and file bankruptcy to duck debt they could otherwise actually afford to pay. But our legal system is pretty fubar, so I'm fully prepared to be completely wrong on that.

We'll see estimated moving forward, based on the last 12 months. The court will likely request more information in the form of tax returns but I don't know if we'll get to see that.

Notable, he can only file under Chapter 13 if his unsecured debt is less than $250K. Holy shit if Midfirst doesn't get that lien he'll have probably super fucking close to that limit. God I hope he gets told no.

https://www.law.cornell.edu/uscode/text/11/109 e

"Only an individual with regular income that owes, on the date of the filing of the petition, noncontingent, liquidated, unsecured debts of less than $250,000 [2] and noncontingent, liquidated, secured debts of less than $750,000, or an individual with regular income and such individual’s spouse, except a stockbroker or a commodity broker, that owe, on the date of the filing of the petition, noncontingent, liquidated, unsecured debts that aggregate less than $250,000  and noncontingent, liquidated, secured debts of less than $750,000  may be a debtor under chapter 13 of this title."

 

[Mr.PiggyOinkOinkOink]

I thought Tevin had an interesting point that in all of Phil's 70 minute blame-shifting ramble about how his life got fucked-up to the point his "only way out" is bankruptcy Kathy does not exist.

The only time he mentions her in 70 minutes of talking about his life during the past 5 years is: 'My mom wanted to meet her so we planned a trip' & 'My mom talked me into setting our wedding date and doing it during the trip'; and Leanna literally doesn't exist.

In 70 minutes of detailing his debt he never mentions the 2nd household income of the wife he tells us is "working her butt off 6 days a week". No mention of her income whatsoever regarding mortgage payments, utilities, helping to keep his credit card debt from spiraling, nothing. Her 2nd income does not exist, he had to beg his wheelchairs to pay the Wakando's mortgage payment in October. . .she wouldn't even help out her husband paying the mortgage on the place they live.

Something else I wanted to bring up regarding Kat. Has DSP said anything about going on her company insurance plan?
I remember a time when he was really salty he had to pay for his own insurance. But especially now that he’s married wouldn’t it make sense if he had gone on whatever plan her job provides, that’s surely a better and cheaper alternative than him paying fully, and it would actually be something kat is doing to help him considering outside of occasional meal making it doesn’t seem like this bitch helps out at all, or he at least doesn’t make it seem like she does

 

[tzgnilki]

I thought Tevin had an interesting point that in all of Phil's 70 minute blame-shifting ramble about how his life got fucked-up to the point his "only way out" is bankruptcy Kathy does not exist.

The only time he mentions her in 70 minutes of talking about his life during the past 5 years is: 'My mom wanted to meet her so we planned a trip' & 'My mom talked me into setting our wedding date and doing it during the trip'; and Leanna literally doesn't exist.

In 70 minutes of detailing his debt he never mentions the 2nd household income of the wife he tells us is "working her butt off 6 days a week". No mention of her income whatsoever regarding mortgage payments, utilities, helping to keep his credit card debt from spiraling, nothing. Her 2nd income does not exist, he had to beg his wheelchairs to pay the Wakando's mortgage payment in October. . .she wouldn't even help out her husband paying the mortgage on the place they live.

it's obvious by now that she's a free loader

 

[DiabeticSP]

Something else I wanted to bring up regarding Kat. Has DSP said anything about going on her company insurance plan?
I remember a time when he was really salty he had to pay for his own insurance. But especially now that he’s married wouldn’t it make sense if he had gone on whatever plan her job provides, that’s surely a better and cheaper alternative than him paying fully, and it would actually be something kat is doing to help him considering outside of occasional meal making it doesn’t seem like this bitch helps out at all, or he at least doesn’t make it seem like she does

Does Seattle/WA demand benefits for part time employees? Iirc if you're part time health insurance isnt guaranteed.

Also doesnt Kat have her 'own' debts? If Phil is using her income does he have to also account for her debts?

 

[James Smith]

Also doesnt Kat have her 'own' debts? If Phil is using her income does he have to also account for her debts?

Not unless she's filing for bankruptcy too, which she probably can't do because their debt will become too high to qualify under Chapter 13.

EDIT: Actually money she's using for debt she acquired before the marriage doesn't get counted against him I don't think.

 

[Muppetmode]

If Phil’s trying to factor in his parents dying in the 10 year plan?