[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

[Salubrious]

An example would be saying he has no pets in the docs. A quick video where Jasper is readily seen would work. Same with Phil talking about having the cat for months and all the cat stuff he has.

DSP is clearly going for the Kat Defense.

Phil doesn't have any pets because Jasper belongs to Kat.
Phil doesn't have any electrorics because they belong to Kat.
Phil doesn't have any collectibles because they belong to Kat.
Phil doesn't have any DVDs/Blurays because they belong to Kat.
Phil doesn't have any balls because they belong to Kat.

 

[mindlessobserver]

Having slept on this, I have come to the realization just what pisses me off the most about these filings. Its not all the lies, half truths, and omissions. Its the one part of the thing that is 100% honest. He was completely honest with the court about what his Wife earns and owns. And since she is married to the bastard her shit is up for grabs too. This right here is proof that DSP is complete scum. He's the kind of man that would throw his own wife under the bus to save his own skin. Or this case, his collection NEET shit and vidya games. This "person" is a complete failure, not only as a human being but as a man. Ironic, considering his protestations of being an alpha chud.

 

[Gotta Groom Em All]

DSP is clearly going for the Kat Defense.

Phil doesn't have any pets because Jasper belongs to Kat.
Phil doesn't have any electrorics because they belong to Kat.
Phil doesn't have any collectibles because they belong to Kat.
Phil doesn't have any DVDs/Blurays because they belong to Kat.
Phil doesn't have any balls because they belong to Kat.

If he wants to go that route, then he'll get fucked way before anyone gets to any of the real juice contained within these documents. Hiding assets in your significant other is the first page of the "Idiot's Guide to Fraud" playbook. If any of the authoritative parties feel like the pig is taking them for a ride, Kat is the first thing they'll look at.

People WAY smarter than Phil have tried to pull that one off with far more tact and still failed spectacularly.

 

[mindlessobserver]

If he wants to go that route, then he'll get fucked way before anyone gets to any of the real juice contained within these documents. Hiding assets in your significant other is the first page of the "Idiot's Guide to Fraud" playbook. If any of the authoritative parties feel like the pig is taking them for a ride, Kat is the first thing they'll look at.

People WAY smarter than Phil have tried to pull that one off with far more tact and still failed spectacularly.

Kat is also married to him. This isn't a corporate bankruptcy where you can try and move stuff out of the corporate accounts and put them in the private accounts of the CEO's wife. As far as the law is concerned they are a single financial unit. The creditors can try and collect from DSP's wife too if they can show it is "joint property". i.e, both DSP and his wife use it and benefit from it. The only things that they couldn't get at would be if his wife owns property solely in her own name and derived from her own funds completely, private retirement accounts and such.

 

[Salubrious]

He was completely honest with the court about what his Wife earns and owns. And since she is married to the bastard her shit is up for grabs too. This right here is proof that DSP is complete scum. He's the kind of man that would throw his own wife under the bus to save his own skin. Or this case, his collection NEET shit and vidya games. This "person" is a complete failure, not only as a human being but as a man. Ironic, considering his protestations of being an alpha chud.

This may be completely pinwheel, but the fact that he hasn't blamed any of this debt on "Leanna's outrageous spending habits" or his 3-4 years of supporting her or whatever may be a possible indication that he is scared of her spilling the beans on something.

Could be pinwheel delusions though.

 

[MeganDodgedABullet]

I could honestly see Fred starting up a livestream on there defunked youtube channel right now over this.

In his mums basement high tech underground alpha chad lair Fred Fuchs is jacking it non-stop while F5-ing.

 

[Equivocal_Iki]

So is there a date for when we can expect more to happen like a court date set?

 

[LostMy1stAccount]

Leave it to DSP to find a lawyer as incompetent as he is

They also have some other things in common.

No wonder he felt drawn to her.
She has a legacy on her own and even moved across the whole country for it.

 

[NotreallyPutin]

he hasn't blamed any of this debt on "Leanna's outrageous spending habits"

Maybe he was just blaming her for his own spending habits. If Panda girl was the source of his outrageous spending then what explains the spending after she left?

 

[AnOminous]

How can a lawyer put their name on that document with what seem to be so many obvious discrepancies? It feels like I'm missing something. Then again, he only spent $1,200 in legal fees and even for a modest lawyer, that's only about four billable hours.

He's probably hired exactly what I said would fuck him over, the cheapest lawyer he could find who just takes a lump sum to do nothing but rubber stamp bullshit he filled out himself. He needs someone who can deal with the shitstorm that is coming when he gets foreclosed on and hit with a deficiency judgment. About the only good thing he's done is file before that happened and the mortgage company could get a lien perfected, but if he gets thrown out of bankruptcy for blatant fraud, they'll get another whack at that.

 

[MirnaMinkoff]

Well we now know why Phil continues to whale out on sweaty bejeweled wrestler men - he thinks it’s all free now. All the money wasted on wrestling levels and other gatcha games will disappear.

Looking at Phil’s income, his non-existent business expenses, did he really manage to bankrupt himself with mobile gatcha games? Most of the debt is on CC. He isn’t traveling or buying luxury goods. Did he dump a significant amount of money he didn’t actually have on mobile games, and then start paying absurd interest rates on it?

 

[AnOminous]

Well we now know why Phil continues to whale out on sweaty bejeweled wrestler men - he thinks it’s all free now. All the money wasted on wrestling levels and other gatcha games will disappear.

That's probably a good chunk of his fraudulent "business expenses" claim. There's no way that claim goes without challenge.

 

[Kermit the Frog]

It's entirely possible the bankruptcy lawyer just took Phil's word that running his internet "business" was super expensive, not knowing he hasn't upgraded any of his equipment in about 5 years, he uses the most basic equipment necessary to stream and the only thing he spends money on are games. Sometimes he even plays games he already owns so he's not spending anything for those. Knowing Phil, he probably went on a 30 minute rant going in painstaking detail about having to waddle out of bed at 10 to set the stream up being super complicated when it's just pressing some buttons. Even if Phil were paying full retail price for every game he played, there's no way he's spending more than a few hundred bucks per month. Again, I'm totally baffled as to why bankruptcy statements don't require a detailed breakdown of business expenditures. It's plainly obvious he cooked the books to get his supposed median income level ($5,733) to right at the state average ($5,541). Maybe that's one of those things that's very shady yet still legal, but the other things he lied about there's no excuse. He owns collectibles, he owns electronics not used for business, he is currently being sued and his CT property foreclosed. I don't know how he gets around that.

 

[mindlessobserver]

That's probably a good chunk of his fraudulent "business expenses" claim. There's no way that claim goes without challenge.

I hope it does. the twat is abusing the system hard. Chapter 7 is meant to protect people with limited incomes who run into financial catastrophe. Like getting sick and suddenly being saddled with horrendous bills, uninsured catastrophic loss of property, and so on. Its not meant for idiots who purposely run their finances into the ground buying pixels on a mobile game.

 

[Gotta Groom Em All]

Well we now know why Phil continues to whale out on sweaty bejeweled wrestler men - he thinks it’s all free now. All the money wasted on wrestling levels and other gatcha games will disappear.

Looking at Phil’s income, his non-existent business expenses, did he really manage to bankrupt himself with mobile gatcha games? Most of the debt is on CC. He isn’t traveling or buying luxury goods. Did he dump a significant amount of money he didn’t actually have on mobile games, and then start paying absurd interest rates on it?

Nobody can conclusively answer, however, all of the damning evidence presented in that thread points to:

 

[BallBuster]

I have read through a lot of posts and looked through his filing quite a bit. The only reason I can fathom that he lied so ridiculously is that he is playing a dangerous game. I think he is banking on detractors and exceptional ones to bombard this woman with phone calls and E-mails and he is going to try to use that to garner some kind of leeway.

Fact is, all of what he put down will be looked into regardless.

 

[AnOminous]

Well we now know why Phil continues to whale out on sweaty bejeweled wrestler men - he thinks it’s all free now. All the money wasted on wrestling levels and other gatcha games will disappear.

Just disposing of money like that is a fraudulent transfer even if he gets no benefit from it. Lying about it and calling it a "business expense" is more serious fraud, the criminal kind.

I have read through a lot of posts and looked through his filing quite a bit. The only reason I can fathom that he lied so ridiculously is that he is playing a dangerous game. I think he is banking on detractors and exceptional ones to bombard this woman with phone calls and E-mails and he is going to try to use that to garner some kind of leeway.

Fact is, all of what he put down will be looked into regardless.

His nemesis is going to be the bankruptcy trustee, who represents the estate in a bankruptcy. These are guys who are at the absolute apex of not giving a single fuck, are used to and expect fuckery from idiots like Phil who think they're smarter than they are, and will callously and coldly sell all your shit for pennies on the dollar without blinking as you scream and cry in rage.

 

[Salubrious]

did he really manage to bankrupt himself with mobile gatcha games? Most of the debt is on CC. He isn’t traveling or buying luxury goods.

Even when he was making peak money, he just put everything on credit cards and then only paid the minimum. The principle was future DSP's problem.

DSP, between credit cards, mortgages, and car loans/leases, has probably legit been paying $3000/month to $4000/month in interest alone for 5 years. That's why he's bankrupt.

Put it this way: if his credit cards/personal loans are at 25% interest, $131K * 0.25 / 12 = $2,729/month. That's just his interest payments on his credit card debt right now at 25%: $2,729 per month.

 

[Iron Hamster]

View attachment 1125175

Seeing this chart, did he go on a delayed honeymoon? Say, in July? Or, that's when some of the bills for the wedding came in?

 

[Pargon]

I have read through a lot of posts and looked through his filing quite a bit. The only reason I can fathom that he lied so ridiculously is that he is playing a dangerous game. I think he is banking on detractors and exceptional ones to bombard this woman with phone calls and E-mails and he is going to try to use that to garner some kind of leeway.

Fact is, all of what he put down will be looked into regardless.

Maybe I'm being retarded but I fail to see how this supposed "nuh-huh, it's all a detractor smear campaign, your Honor!" is going to do anything except detonate spectacularly before it gets off the ground. Lawyers and judges and creditors aren't stupid enough to miss the fact that being bombarded with unfortunate facts does not mean that those facts get ignored. I'm in no way advocating ops of any sort at any level but just because information comes from autists doesn't discredit it.

Phil can claim that anything presented in court came from people who hate him and want him to fail all he wants. It can all be torn down with one question.

"But is it true?"