[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

[PieceofShet]

When the fbi cuffs and drags him from his house, he can just show them any oldschool tihydp and claim he is retarded... As his defense.

 

[Jaximus]

Did some quick google searching of his attorney.

I find it weird that with over 800 cases she only has a max of 9 reviews on any platform and each review is a 5 Star praising her as the best attorney they could have wished for. Also it seems she’s not a part of the national association of consumer bankruptcy attorneys. Seems a bit fishy to me.

You’d think with so many cases and such praise she’d be a part of not only the NACBA, but also have even more praising reviews or at least one that’s not just praising her into the high heavens.

EDIT: seems she has been specialized in bankruptcy for 10 years, with the first 2 working for creditors. So 8 years and 800 cases for consumers. So she’s doing 100 cases a year, not 80.

 

[Fatafata]

More than 800 bankruptcy cases in 10 years averages out to about 80 cases a year. At $1200 per case, Philip’s lawyer makes about $96,000 per year. Philip is paid more than his lawyer.

The law firm was established in 2016. This lawyer probably worked for someone else in WA for the prior 6 years

 

[DiabeticSP]

Assuming everything goes exactly as planned for Phil, I'm talking nuclear pig roach luck.


Isn't he still pretty fucked? No savings, terrible credit, the inability to curb his purchasing habits but now without the ability to kite debt on cards.

It's really a lose/lose for him. Succeeding in a chapter 7 probably fucks him worse longterm because he'll lack oversight keeping his shit in line.

 

[James Smith]

Isn't he still pretty fucked?

Not in the slightest. He gets rid of thousands of dollars per month of expenses.

 

[LiquidCancer]

 

[DiabeticSP]

Not in the slightest. He gets rid of thousands of dollars per month of expenses.

I guess my point was more that he's shown he can make dump trucks of money and still fuck up bad enough to end up where he is now.

I just can't see Phil not immediately shooting himself in the foot again this time without 14 ccs to kite debt.

 

[thismanlies]

Did some quick google searching of his attorney.

I find it weird that with over 800 cases she only has a max of 9 reviews on any platform and each review is a 5 Star praising her as the best attorney they could have wished for. Also it seems she’s not a part of the national association of consumer bankruptcy attorneys. Seems a bit fishy to me.

You’d think with so many cases and such praise she’d be a part of not only the NACBA, but also have even more praising reviews or at least one that’s not just praising her into the high heavens.

EDIT: seems she has been specialized in bankruptcy for 10 years, with the first 2 working for creditors. So 8 years and 800 cases for consumers. So she’s doing 100 cases a year, not 80.

For me, the only thing that stands out about her reviews is that they... stand out. This guy for example reviewed a few places and said "Yeah, they're good. You should check them out." But hers was positively glowing and was the most detailed of all the reviews.

But other than that, all her reviewers seem pretty organic. I could just be vastly underestimating how harrowing the bankruptcy process is. Plus there's an old saying when it comes to running a business. "Do something right and you're lucky if your customers go out and tell ten people. Do something wrong and you're lucky if they don't tell a hundred."

 

[PutridElephant]

Maybe she offers packages in different tiers.

The basic bankruptcy, the handholding package or the full I'll be your lawyer for the whole process experience.

Obviously Phil decided to skimp.

 

[James Smith]

putting myself in dave's shoes, things only exist when I decide to say they exist, everything else you hear is bs

I want to hear the judge's reaction when DSP says "Ignore anything you hear unless I said it, it's a lie."

 

[737 MAX Stan Account]

So, has he finally run out of dumb luck?

 

[Yaniv’s Hairy Balls]

Owning two things because one is a tax writeoff is a good way to end up broke. The additional cost of the Internet line exceeds the value of the writeoff by like 99%.

so if he paid $99/month upfront for a “business line” (~12g/year) he wouldn’t be able to write off the full $12,000? That was my understanding,if you have time could you explain further? Sorry I’m not on the up and up w this.

Edit/ can you make sure this isn’t posted like 6 times as I had issue submitting?

 

[James Smith]

so if he paid $99/month upfront for a “business line” (~12g/year) he wouldn’t be able to write off the full $12,000? That was my understanding,if you have time could you explain further? Sorry I’m not on the up and up w this.

If he paid $200 for an Internet line he could reduce his taxes by $60. Why bother, you're still spending $140 more than you need to.

 

[Yaniv’s Hairy Balls]

If he paid $200 for an Internet line he could reduce his taxes by $60. Why bother, you're still spending $140 more than you need to.

I understand a little better now. I thought- naively- it was dollar for dollar.

thank you.

 

[AnOminous]

So, has he finally run out of dumb luck?

Even if he hasn't, his best case scenario has gotten a lot worse and his worst case scenario is getting absolutely fucked.

 

[Blood Bath & Beyond]

When is Phil's next stream? I don't regularly follow him like some people here might, but these bankruptcy documents are so extraordinarily juicy that I would really like to watch his next stream just to watch the chaos unfold.

 

[tzgnilki]

dsp trying to keep up the narrative of $5,000 monthly buisness expenses, only 99 more games to buy

he really isn't afraid at all, still just buying shit, probably had a nice lunch and dinner, dude needs rice, beans & jesus

 

[King Daddy Telomerase]

Not surprising, he thinks he'll get away with reporting $5000 in monthly business expenses. Maybe he will, he's the Pigroach.

 

[inexplicable ethos]

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

That's because you're not experiencing bugged credit card mechanics like Phil is. He was making payments, dood! Nothin he could do!

 

[MirnaMinkoff]

Given how much he owes Citi and BoA alone they are going to be sending attorneys to ensure they get theirs. A CC might just cut their losses for a few K, but over $30,000 (Citi) they play hard ball.

I really be shocked if his Chapter 7 isn’t tossed out.