[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

[Yaniv’s Hairy Balls]

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

Call me late as I literally just heard about this and I’m still catching up BUT

The filing says income from “business, profession, or farming” could he be trying a little double talk and slip in under the “it’s a profession not a business” pigroachery? Dunno if it’s strictly “legal” but it sounds like something he’d do tbh.

Edit: a lot of ppl have been talking about monthly expenses as well and this is something I’ve meant to post for a while:

He actually should have 2 internet lines. If he uses the internet for anything aside from work he couldn’t claim it as an expense iirc (obviously I could be wrong ianal), like his home office and the way he and Kat buy separate PlayStation games- this is actually legit. If used for anything else he can’t claim it so he is adding at least 1 internet line for his “business” in there. Sorry if n/a to the thread, just been meaning to post it. Now is he artificially inflating that #? Probably. Tis the piggy way. I’ve just seen a lot of bashing on “why does he need 2 lines” and “why can’t he borrow kat’s game” or let kat borrow one of his. This is why (as I understand it)

 

[the khat quaffer]

Did he marry Khet out of some weird belief he could conceal his possessions under her name? That’s all I can come up with why he’d lie about so much on the form. It’s not mine, I “legally” gave it to my wife.
Even if you assume the courts and creditors would accept his lies at face value, surely the man who blames everything on the detractors would know the detractors will be submitting bankruptcy fraud tips?
It’s better to be broke (especially when you can just move in with your parents) than in prison.

Fucking THIS.

I strongly suspect this was the impetus for the rushed wedding but because I am rｅtard I can't think of exactly what way this benefits him financially. Some have brought it up earlier, but I don't remember. It does throw out the 'khet's pregnant' disaster scenario and replaces it with this clusterfuck scneario. This would be like, the 10th red flag about how real their relationship is. It's all so fake and weird.

I strongly suspect they will be separated within 2 years. Also that he won't be her first or last simp.

Edit for clarity

 

[PutridElephant]

I made some graphs while I was reading through the doc to try to make it more understandable.

A mix of pie chart, stacked bar and venn.

Edit: Looks like some of the titles and axis titles are gone. I'm too lazy to fix it, you should be able to figure it out.

 

[Authentic Sauce]

I suspect the valuation on his WA condo is the second biggest problem. He is reaching using a Zillow value and a selling fee to get his equity conveniently slightly below the $125K homestead exemption. His specific unit is not even on Zillow I think, but his filing implies it is, and almost identical neighboring properties are in the 400K's on Zillow and various other websites.

The Wakando seems to have something strange going on with it's address. Here is it is on Zillow. It seems the real address is actually 17583 110th Lane Se #30, Renton, WA 98055, or at least that is what Zillow considers the address to be. The filings are at the very least lacking a unit number and list the street number as 17505 which does not seem to exist, so who knows where the zillow valuation in the filing is coming from.

 

[PieceofShet]

I made some graphs while I was reading through the doc to try to make it more understandable.

A mix of pie chart, stacked bar and venn.

Edit: Looks like some of the titles and axis titles are gone. I'm too lazy to fix it, you should be able to figure it out.

Are these homemade pie charts?

 

[PutridElephant]

Are these homemade pie charts?

They're authentic fresh from frozen.

 

[Sho'nuff]

Yeah I immediately regretted the suggestion, but I'm here so naturally out of my mind.

I deserve all the grief for even suggesting it, deserved haha.

Back on course of the topic, how much will this lying hurt Phil? And is it too late for him to correct these gross omissions of information? And just how did he even get more all those credit cards, through more lies? So many questions and confusion still!

I'm not sure if it's mentioned in the 20 pages or so, but Phil has a lawyer. Who helped him file. Which means she either knows and is 100% ok with his claims or is completely in the dark and sitting at home eating spaghetti wondering wtf a khhantent creator is.
Either way she is just as fucked as him if the auditor deems the filing frivolous or in the case she knows, is confident she can get it through.

 

[Richard Harrow]

The Wakando seems to have something strange going on with it's address. Here is it is on Zillow. It seems the real address is actually 17583 110th Lane Se #30, Renton, WA 98055, or at least that is what Zillow considers the address to be. The filings are at the very least lacking a unit number and list the street number as 17505 which does not seem to exist, so who knows where the zillow valuation in the filing is coming from.

Another problem with rushing to Zillow for a true valuation on property is that it lacks up to date comparables which have to be done by a licensed appraisal officer. Essentially the value of his condo is compared to somewhat recent sales of homes in the area that roughly have the same qualities (#bedrooms etc etc). He doesn't know the true value of his home without this process and Zillow has the potential to be seriously outdated. Take it from me I sold my first home 2 months ago.
As for criminal charges, not likely. In most cases, an audit by the relevant authorities which in this case would likely include the IRS, has to be conducted. Otherwise, what he wrote down is what they go with. Auditing is not cheap especially considering the man hours required to do so. Therefore they have to prioritize on a case by case basis and determine if it's even worth it. This is essentially why there are no guarantee audits for everyone that files taxes in the US.

 

[Gotta Groom Em All]

I'm not sure if it's mentioned in the 20 pages or so, but Phil has a lawyer. Who helped him file. Which means she either knows and is 100% ok with his claims or is completely in the dark and sitting at home eating spaghetti wondering wtf a khhantent creator is.
Either way she is just as fucked as him if the auditor deems the filing frivolous or in the case she knows, is confident she can get it through.

No, they gave him 0 thought, because by design they don't care. Phil found the cheapest lawyer he could and they just mailed it in, put their stamped signature on this without reading it, and that was that. Nothing they could do.

I very seriously doubt they actually read it, because even an autist like me with no knowledge of law or finance can see some insultingly glaring fraud contained within the documents. His laywer has to have 0 professional integrity in order to carelessly put her signature on this abortion.

What's the penalty for the law office when the court asks about all of these contradictions?

 

[Iron Hamster]

Call me late as I literally just heard about this and I’m still catching up BUT

The filing says income from “business, profession, or farming” could he be trying a little double talk and slip in under the “it’s a profession not a business” pigroachery? Dunno if it’s strictly “legal” but it sounds like something he’d do tbh.

Edit: a lot of ppl have been talking about monthly expenses as well and this is something I’ve meant to post for a while:

He actually should have 2 internet lines. If he uses the internet for anything aside from work he couldn’t claim it as an expense iirc (obviously I could be wrong ianal), like his home office and the way he and Kat buy separate PlayStation games- this is actually legit. If used for anything else he can’t claim it so he is adding at least 1 internet line for his “business” in there. Sorry if n/a to the thread, just been meaning to post it. Now is he artificially inflating that #? Probably. Tis the piggy way. I’ve just seen a lot of bashing on “why does he need 2 lines” and “why can’t he borrow kat’s game” or let kat borrow one of his. This is why (as I understand it)

I would argue he considers reading what's being said about him here as 'farming'.
If he was smart, he'd buy the game for the 'business' he does/doesn't have, play it on a stream, then he could just give it to her.

 

[LightTailFoal]

I doubt his attorney can get in any trouble.

His attorney did not sign off on the facts of the case, and only signed off on compensation and representation. The attorney fee is only $1200, which is small for this situation, and she probably did very little to question the numbers. Her involvement is small.

It benefits a client to have an attorney scrutinize things to build the best possible case, which likely did not really happen here. Though there could be some strategy or expectation that this filing just moves quickly through the court without a lot of scrutiny. There could also be another strategy of "I didn't know you could not do that", followed by revisions and perhaps changing to Chapter 13 or 11.

In any case the attorney would not get in trouble for stretching the truth because the attorney is not subject to perjury regarding the claims and numbers.

 

[clownpiss]

im sure this has been said but the thing that gets me about the 5k monthly business expense the most is that he went months begging fans for new consoles and games, which he was gifted

is phil's hail mary really going to be filling mobile game gambling as a business expense and hoping it all works out? I guess when you've been lucky and escaped your due fate many times, you eventually think you can keep willing it that way

 

[Gotta Groom Em All]

I doubt his attorney can get in any trouble.

His attorney did not sign off on the facts of the case, and only signed off on compensation and representation. The attorney fee is only $1200, which is small for this situation, and she probably did very little to question the numbers. Her involvement is small.

It benefits a client to have an attorney scrutinize things to build the best possible case, which likely did not really happen here. Though there could be some strategy or expectation that this filing just moves quickly through the court without a lot of scrutiny.

In any case the attorney would not get in trouble for stretching the truth because the attorney is not subject to perjury regarding the claims and numbers.

Yeah, no way did he let the lawyer scrutinize his claims. He discouraged them from doing it and they probably didn't want to spend the time on it anyway.

I imagine they thought, "oh, $1200 for a stamp? And you don't even want us to look it over? Damn, guess I'll be taking a long, expensive lunch today! Thanks for the money, dummy!"

 

[King Daddy Telomerase]

This Rochelle Shuffield does lots of cases. I don't want to say if she's a bankruptcy mill, but maybe. Phil said the lawyer was a "he" a few times, so he may not have even met her, which suggests a mill.

 

[breezy style]

Dedicated office.



But I bet yours was a lot simpler and didn't involve a foreclosure and 13 or 14 credit cards either. Add to that the fact that his own submitted documents contradict themselves, and he should get a more thorough examination.

Yea, mine was much more simple for sure, and yes, him having more creditors/etc involved + a much higher income, will have him under much more scrutiny.

When i filed, i was a few years off blowing my money on drugs n then using credit cards to purchase goods ($250 pairs of shoes to be exact, typically) for drugs .. So i was working temp jobs, n after looking over my papers earlier, i was boasting a lovely 7k yearly income, w/ nothing saved up, n few assets, or at least that's what the lawyer felt was appropriate to put down ( basically true anyways).

* **i'm leaving the above in as i dont think im revealing much of my power level, more just a funny tidbit, imo anyways**

Which is how i imagine this went for dsp. He'd call a bankruptcy firm, make an appt, then you go sit down w/ a lawyer for as long as it takes, n they document all of your crap. They obviously know where they can cut corners/etc...but then again, if dsp is straight up lying, then that is on him obviously.

I'm sure others have saw this info, but while i looked through my mounds of old filing papers, i kept seeing warnings about lying/ hiding property/etc.... N how getting caught will not only, obviously, terminate your case... But also carries a hefty fine of 500k and/ or up to 5-10 years in prison.

 

[PutridElephant]

... But also carries a hefty fine of 500k and/ or up to 5-10 years in prison.

What's anther 500k to Phil?

 

[Null]

I love how any and all discussions of the US legal system leads to fantasies of imprisonment and gay anal rape.

 

[Shick]

What's anther 500k to Phil?

Another payment plan to just barely make the minimums on.

 

[Prince Lotor]

This Rochelle Shuffield does lots of cases. I don't want to say if she's a bankruptcy mill, but maybe. Phil said the lawyer was a "he" a few times, so he may not have even met her, which suggests a mill.

On her website it says she's done 800 consumer bankruptcy cases in the last 8 years. At 100 bankruptcy cases per year that kind of sounds like a bankruptcy mill to me.

 

[Hungrymandinner]

For $5000 each month I could:

• Rent an apartment
• Pay utilities (including internet)
• Buy a 55” OLED
• Buy a Lazyboy recliner
• Buy an Xbox One X, a PS4 Pro, and a Nintendo Switch
• Buy 20 new games
• Buy 1 sledgehammer to smash everything so I can buy it anew next month