[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

[Dumpster dived waifu]

He's out of his fucking mind if he thinks he can hise assets from the bankruptcy trustee. They do this for a living and deal with people much more clever than Phil. The court trustee will absolutely look at all sources including online to determine the truth of his filing. For someone with such a massive public presence online it's not going to be difficult at all. Phil's own videos will prove that he is lying. Phil literally filmed his own assets, uploaded them and is now lying to a bankruptcy court about their existence

Hiding Assets in Bankruptcy

It’s never a good idea to try to hide assets when you file for bankruptcy. If caught, you won’t receive a discharge, the Chapter 7 trustee will still sell your nonexempt property, and you might end up facing a criminal charge.

www.nolo.com

What Does the Bankruptcy Trustee Look for in Bank Statements?

The bankruptcy trustee will use your bank statements to verify your income, creditor payments, and other transactions.

www.lawyers.com

Those damn dirty detractor nudniks dont even need to snitch on him.

 

[James Smith]

One thing I wonder is if his Twitch subscriptions are reported on his 1099 as the full $4.99 price each and then he needs to report what Twitch takes as an expense, or if they are reported as the portion he actually receives. This would only put a small dent in the business expenses he is reporting though.

Then his income would be way higher to match.

 

[Pubic Enemy #1]

Is there any way his income is so low because of chargebacks?

 

[AnOminous]

Unbelievable that he is still able to grift this much money each month from his little piglets. It's a testiment to his adult financial prowess that he managed to totally fuck himself with what would be a solid middle class income for most people.

He doesn't even live high on the hog. He lives like a frat boy, like a pigroach. It's not like he's even eating $50 bagged pies like Lowtax. He's just incredibly bad with money.

Is there any way his income is so low because of chargebacks?

He's going to have to explain that because his numbers are so ridiculous I don't believe the creditors are just going to accept his bullshit as true.

 

[James Smith]

Is there any way his income is so low because of chargebacks?

No, it's because of his lie business expenses.

 

[PutridElephant]

How does he claim he makes an average gross of $10k a month yet report gross of $60k for 2019?

The court is gonna throw this out.

 

[actually]

Is there any way his income is so low because of chargebacks?

His gross monthly income (at least for the 6 months reported) are dead in line with my estimations. Compare page 4 of the smaller document to the OP of the Savings and Loan thread. Very accurate.

 

[PutridElephant]

His gross monthly income (at least for the 6 months reported) are dead in line with my estimations. Compare page 4 of the smaller document to the OP of the Savings and Loan thread. Very accurate.

Stop being such a dirty lying detractor.

 

[Chan the Wizard]

God damn. Hire an actual attorney to do this shit, even if you’ve got to suck dick in a truck stop bathroom to get the cash.
The courts and creditors are going to rape him.

 

[Gotta Groom Em All]

Big ups to the writers for this season, it's only a month in and I'm already on the edge of my seat

 

[Fareal]

Christ on a cracker, I thought I formerly owed a shitload on my credit card. This fucknugget has six figures on there. It pains me just to look at these fucking numbers.

 

[tzgnilki]

khet makes $1700 a month

working her ass off btw

 

[James Smith]

20 whole hours a week.

 

[PutridElephant]

It would be sweet if @Null gets a subpoena for this thread to enter as evidence as to why Phil should get in trouble for perjury.

 

[mindlessobserver]

How in the FUCK is he trying to justify 5000 dollars in business expenses per month?

He reviews video games as his "work". Those shitty mobile games are games. Therefore, he needs 5,000 dollars a month to spend on FUCKING MICROTRANSACTIONS. Sorry for the all caps, but FUCKING MICROTRANSACTIONS. The dude is a moron and I hope the judge sees right through this bullshit. I hope as part of his settlement with his creditors he gets forced into mental health for his gambling addiction. I do wonder though if its a genuine addiction or if he is just terminally stupid.

 

[Draza]

Almost 500k in total debt. So how are we jealous of this guy again?

 

[Bryan Dunn]

Why is Dave claiming he has never owned or ran a business? What?

 

[Pope of Degeneracy]

Phil's gonna be pissed when they repossess his WWE Champions account

 

[PutridElephant]

Almost 500k in total debt. So how are we jealous of this guy again?

I'm jealous that I don't have the insanity to go and spend half a million dollars and not feel any remorse or be worried about the repercussions.

 

[Near]

Why is Dave claiming he has never owned or ran a business? What?

View attachment 1124323

SUDDENLY IT'S NOT A BUSINESS ANYMORE!
IT NEVER WAS!
*flails arms*