[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

[boxybum]

What the fuck is he buying to rack up 130K in credit card debt? He gets at least 8k A month. With proper budgeting he should be debt free.
He did make some poor decisions like purchasing a new car that he barely drives instead of just getting something used. He clearly has poor money managing skills. Like one of those people who win millions in the lottery but end up becoming broke in a few years.

Still though something isn't right here. Also he lied about things on those documents.

 

[dsflfdsl23012]

Forgive me if I'm being a dumbass but did Phil actually mark "no" on his bankruptcy form for not having any electronics or figurines or am I just not reading things correctly? Like 90% of his house is electronic gaming shit and figurines. And also did he list as income as only being $5k a month? 5k a month =60k a year, yet he also listed that he makes between 100-500k a year. Is he trying to hide all his tips and shit or is that not being accounted for valid reasons? Or am I misunderstanding something due to my insomnia and autism or is Phil trying to cry broke and hide his shit from being seized?

Also lol @ his checking account only having 400 bucks in it. (insert J. Jonah Jameson meme). I mean, my account ain't that impressive either. Then again I'm also not trying to act like a hotshot rich youtuber riding the gravy train feeling those vibes and grooves and dropping 40k on mobile games.

Edit: Kroger company. Nice. Guessing Kat is some big shot CEO of that retail company right? Seeing as detractors are just idiot morons who don't know shit, cause I could've sworn a lot of people dead on called it on her working at Kroger. That's why she's always gone with all these crazy shifts. You know flying around the country, lots of meetings, 100 hour work weeks. Feels bad knowing how hard they BUSTED THEIR ASSES *slams controller on table* and still couldn't get make things click. Hopefully DSP does Emergency Stream and explains everything to me. My finger's getting a bit tired hitting this F5 key constantly.

Edit2: Wait. Why isn't this a joint case? I thought they were married. Also why does he list "non-farm animals" as "no". What happened to his horse and his cat? I thought they were his family. But then he also lists "pet food" as a $100 expense. Uhhh wut d00d? Also, "entertainment" is listed as $100.00? Oh fuck off Phil. Even going out for "one meal a week/one day off with Kat" for his "entertainment" would be more than $100

Edit3: Go to part 3. Only thing Phil's paid in the last 3 months was his house and car payments. So where the heck did all the other money go that was suppose to go to "da bills/taxes/etc"? It appears, because I'm a dumbfuck moron, that Phil's been only paying his basic bills and spending the rest. Almost seems like he planned to commit bankruptcy all along and just milked us fans for as long as he could. But what the fuck do I know? Hopefully Phil explains everything and sets the record straight. I don't want to be misinformed or misunderstand anything that's going on. I've been a diehard fan since 1812 so it's a lot to take in right now.

 

[King Daddy Telomerase]

His credit card debt is largely because he's a retard that only pays the minimum. Also, 2 of those 14 debts are loans that are specifically to pay off credit card debt. So, he's just adding on and on while barely paying off anything. Philip Burnell, the pride of Fairfield University's Business Program.

 

[Radical Goodspeed]

Still though something isn't right here. Also he lied about things on those documents.

The credit card stuff probably isn't a lie, if we date the start to 2012/3, and he only pays minimum payments. To note, CWC did the same thing for about as long, and it only relatively recently started getting him sued. He financed a move, all new "heirloom" quality furniture, nigga rich life style, Real Adult Girlfriend rental fees, etc, etc. The only lifestyle change he made was that his viewers pay him directly.

And we know that only 1 out of 4 fundraisers were for his actual outstanding debt, if that. If no one was banging on his door, they don't concern him.

So for a decade, that silent mountain of debt was harmless until it went radioactive.

 

[Richard Harrow]

I'm not sure if anyone mentioned it, but Chapter 7 at some point in the process requires you to turn over statements for your checking, savings, and credit card accounts (all of which will not be publicly available) in order for the court and IRS to establish a pattern of spending. My mother filed for Ch 7 around a decade ago, for which she was not audited but nonetheless had to show this information. DSP won't be able to wiggle around this since since, as we all know, you can't go into your account and 'edit' things.

 

[Martys_not_smarty]

Is that something we can actually do officially? All of that for less than my daily Starbucks soy latte with extra soy?

You can yes, someone posted the link a few pages back one can request the audio from the proceedings for I believe $3.50 originally there was question as to whether it was for chapter 7 because the old link said chapter 13 but that's been revised a few years back.

 

[Cult of the Dead]

Regardless of how this works out for him I still will get good old fashioned laughter out of him. He is going to be pissed and desperate if they take everything from him, or he will be pissed and desperate if they leave him with no credit and ability to have credit cards. Both boil down to him not having the ability to live like the king has been used to, and for a person like Phil this will be devastating. The mental collapse will come from his inability to have the lifestyle he is used to because he will not be able to regardless of how this plays out.

 

[qrushen]

so gotta ask will there be a court video made for his trail or is that not a thing I know it's no criminal offense but I did notice they do record them sometime

 

[Stationary aszs]

edit late
WEWLADS
E
W
L
A
D
S

Have we hopped the tracks back into the Berenstein universe??

 

[Prince Lotor]

Okay, I re-edited my initial post from last night to indicate where my tin-foiling is. When initially reading his bankruptcy documents I was struck by how similar the total amount of his listed monthly personal expenses were with the amount of average monthly business expenses he is claiming and thought they were the same number when actually they are about $123 apart, and from different sources in the documents.

I'm still theorizing that he is claiming several of the expenses on his list of monthly household expenses as 'Business Expenses & Necessary Operating Costs' to cook the books on his income.

 

[AnOminous]

Okay, I re-edited my initial post from last night to indicate where my tin-foiling is. When initially reading his bankruptcy documents I was struck by how similar the total amount of his listed monthly personal expenses were with the amount of average monthly business expenses he is claiming and thought they were the same number when actually they are about $123 apart.

I'm still theorizing that he is claiming several of the expenses on his list of monthly household expenses as 'Business Expenses & Necessary Operating Costs' to cook the books on his income.

Don't forget he's probably hiding a couple grand a month in pixelated, semi-naked oiled WWE dudes. No way that's business expenses.

I'm not sure if anyone mentioned it, but Chapter 7 at some point in the process requires you to turn over statements for your checking, savings, and credit card accounts (all of which will not be publicly available) in order for the court and IRS to establish a pattern of spending. My mother filed for Ch 7 around a decade ago, for which she was not audited but nonetheless had to show this information. DSP won't be able to wiggle around this since since, as we all know, you can't go into your account and 'edit' things.

What's going to be great is his absolute narc rage when he starts getting told what to do by the court and the trustee. He's used to just shitting himself and doing nothing, banning people at will, and is an absolute control freak. He's not going to enjoy it at all when he starts getting orders from people who can enforce them. He's going to flip his shit completely. I hope we get at least audio of him doing it at some point, especially if he gets held in contempt or something.

 

[Richard Harrow]

so gotta ask will there be a court video made for his trail or is that not a thing I know it's no criminal offense but I did notice they do record them sometime

It usually depends on the court. I've been through a few civil proceedings myself but only one was recorded. These are usually kept for court records for the sake of brevity in lieu of a court stenographer. Not even all criminal proceedings are recorded as they are usually inconsequential (i.e. traffic ticket dispute, minor crimes and misdemeanors).

 

[Collections Agent]

I just realized the FBI is going to be investigating Phil. They're gonna Mulder and Skully his shit.

Edit for people rating optimistic:

Bankruptcy Fraud Consequences

If you commit a bankruptcy crime, you can potentially suffer consequences that will last for the rest of your life.

www.nolo.com

The judge or the prosecution aren't going to waste time doing detective work to find out DSP is lying.

My favorite episode of X-Files is the 13 minute special where they are asked to investigate a pigroach then spend 10 minutes online looking up everything they need to know to accuse him of a crime.

 

[Martys_not_smarty]

I would imagine with then number of creditors involved yes there will be audio, @Richard Harrow how about court reporters was there one involved with your trial?

 

[WeeblesWobble]

His credit card debt is largely because he's an exceptional individual that only pays the minimum. Also, 2 of those 14 debts are loans that are specifically to pay off credit card debt. So, he's just adding on and on while barely paying off anything. Philip Burnell, the pride of Fairfield University's Business Program.

I can understand taking out a low interest loan to pay off your credit cards, but what's the point if you'll still have 10 other credit cards you need to pay off. It doesn't work when you have this type of debt.

 

[Richard Harrow]

I would imagine with then number of creditors involved yes there will be audio, @Richard Harrow how about court reporters was there one involved with your trial?

My trial was for wrongful termination which I won, but I didn't notice a reporter. There could've been one though and the possibility for Darksfuhdil's is certainly there. Civil trials are incredibly boring though and with this being a bankruptcy hearing would likely make this a snooze-fest. However, with things of this nature (financial), there could be a lot of personal and classified info that only the court is privy to. The only info we're likely to get is summarized steps of the proceedings and the conclusion. Oh, and the 'ask the pig' segment that is likely to follow assuming his belongings don't get repo'd.

 

[dsflfdsl23012]

I guess the next step is for Phil to do an Emergency Alert Begging Stream and ask his fans to just mail him cash from now on right?

 

[Richard Harrow]

I can understand taking out a low interest loan to pay off your credit cards, but what's the point if you'll still have 10 other credit cards you need to pay off. It doesn't work when you have this type of debt.

What he should've done was kept up with his payments, refinanced the WA condo within the first year and consolidated all of his debts into his mortgage. It's way better to pay 3%-4% interest than the typical 12%-25% on credit cards.

Edit: Nevermind. Didn't factor in his Conneticondo. Wouldn't work.

 

[King Daddy Telomerase]

What's going to be great is his absolute narc rage when he starts getting told what to do by the court and the trustee. He's used to just shitting himself and doing nothing, banning people at will, and is an absolute control freak. He's not going to enjoy it at all when he starts getting orders from people who can enforce them. He's going to flip his shit completely.

This will be the climax of the Foreclosure/Bankruptcy saga. Vintage Phil comes out when he's at his most miserable. As we've seen in previous times like soon after Leanna left, but this should be 10x worse than that.

 

[dsflfdsl23012]

Either
A. The IRS tax saga was all made up

Or

B. He literally lied and withheld everything from his Lawyer

Or C. "she didn't ask so why would I?! How was I suppose to know what to say? She's the lawyer! It's her job to do everything. If she needed the info she should've emailed me and asked."