[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

[LightTailFoal]

Random observations:

He uses Zillow values on his condos, and Zillow can be so inaccurate.
Claims he has no electronics or collectibles.
Claims he has only about $1,000 in cash.
He claims $360 per month in home maintenance.
He has a $500 per month tax payment plan.
He is paying $1,200 in attorneys fees. That is not a lot considering his situation.
He is attempting to "Retain the property and enter into a Reaffirmation Agreement" on his WA condo.
He is surrendering the CT condo.
He is attempting to retain his Toyota.
His credit score is probably already dead now.

I am confused about his attempt to keep the WA condo.

 

[James Smith]

His WA condo must have been 5% interest on the dot.

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[Wing Zero]

Kinda hard to do that with court documents tbqhwufam

Oh yeah, like HIS fanbase has enough intelligence to look up and understand these court documents themselves.

 

[Billericay Dickie]

A $9,086.95 expense in July 2019

 

[DiabeticSP]

Big brain Phil: I am a business and my home is where I work therefore all expenses are business expenses.

Where are "personal" expenses I cant read these files for shit.

 

[Pargon]

I'd like to thank the hard working posters in this thread, and God. In that order.

I need a cigarette.

 

[Agent Proper]

Kat's place of work.

 

[PutridElephant]

This is an example of being able to lie through your life and get away with it. I hope the court sees through it.

Edited to say:

View attachment 1124373
Kat's place of work.

She probably works at Fred Meyers. Kroger is the head office.

 

[Martys_not_smarty]

So on the all-but-guaranteed outcome that this gets thrown out, are the banks just gonna say "enough, fuck this" and just start seizing everything since Phil is not only a money risk but also trying to commit bankruptcy fraud?

That's my thinking if I were the bank, this guy is as unstable as they come but know what is stable that he owns? Property, get a judgement to take the homes and cash in leaving the remaining money to be paid out as low as possible.

 

[DiabeticSP]

For consideration.

Phil was required to attend credit councilling.



Essentially, do we know if Phil's submission was prepared by the lawyer at all, or was it simply rubber stamped.

 

[Vic Viper T301]

He's also claiming to have no collectibles of value. What about the statues, Phil? Oh, but claims $200 in 'Miscellaneous Jewelry."

 

[Grotesque Bushes]

Jesus fucking Christ, does he think this is Pokemon and he's trying to get every single credit card in the world? My dog would realize after the 9th credit card that signing up for #10 is a bad idea.

Also, his wife is reporting no income for 2018. I'm not doubting that one bit. How old is she again?

 

[L.I.M.B. Commander]

No separate thread for analysis at this time but I'd love if we could have one for those type of posts.

1. Chapter 7 = no more car or condo to my knowledge
2. Clearly calling his entire condo, income taxes, property taxes, etc as a business expense which is all fraud to my knowledge
3. Not including PayPal
4. Claims he owns no electronics
5. Kat's savings not included

Random observations:

He uses Zillow values on his condos, and Zillow can be so inaccurate.
Claims he has no electronics or collectibles.
Claims he has only about $1,000 in his bank accounts.
He claims $360 per month in home maintenance.
He has a $500 per month tax payment plan.
He is paying $1,200 in attorneys fees. That is not a lot considering his situation.
He is attempting to "Retain the property and enter into a Reaffirmation Agreement" on his WA condo.
He is surrendering the CT condo.
He is attempting to retain his Toyota.
His credit score is probably already dead now.

I am confused about his attempt to keep the WA condo.

Wow...just wow I'm not any financial expert but my God how can one person be this genuinely stupid and generate so much debt. For the fact that at this moment he is not screaming to the heavens "THERE GONNA TAKE MA HOUSE" just shows me how truly out of depth he is. I will not be surprised if during a stream guys just come in and just start taking shit....

 

[King Daddy Telomerase]

Is this strategy by the lawyer to try bargaining with the judge? I can't believe this is a serious document.

I'm not autistic enough to contact Ms. Shuffield, but how I wish someone would.

 

[Agent Proper]

This is an example of being able to lie through your life and get away with it. I hope the court sees through it.

Edited to say:

She probably works at Fred Meyers. Kroger is the head office.

That is what I am thinking too.
There is no way that she drives that 2017 Toyota to and from work and it only has 5k miles on it.

I am seeing so many discrepancies in what I am reading in the bankruptcy forms. We know from the things Phil has claimed over the years and the fantastic income reports we get here.
Fraud Saga incoming.

 

[Martys_not_smarty]

I am confused about his attempt to keep the WA condo.

It's been said before but the Wakahndo is his crown jewel, the British Raj of his Goutpire, the beacon of achievement he can tout in the faces of the detractors and trolls that he is alpha chad who makes the best authentic Italian gravy west of the Mississippi. He will die on the hill of bankruptcy fraud before giving up that place.

 

[Mr. Brown]

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

Is he including his house payment in that because he works from home?

 

[RollingRock]

"Mr. Burnell, how do you explain the inconsistencies in your bankruptcy filing?"
"Bugged hitbox mechanics dood I was pressing YES but the menu kept clicking NO, its virtually unplayable *snort* $130 thousand in debit is a dumb detractor meme and it makes no sense, can I go home now?"

 

[Hungrymandinner]

The question is do courts just rubber stamp the majority of bankruptcy applications due to the sheer volume of them, or is each one closely scrutinized?

 

[EvilFatjon]

The question is do courts just rubber stamp the majority of bankruptcy applications due to the sheer volume of them, or is each one closely scrutinized?

I bet that, with the amount of applications, they choose some from the pile randomly and review them and then rubber stamp the rest. Makes perfect sense if you think about it.