[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

[Hungrymandinner]

I’m half expecting PlanetJeff to make a $10k donation today to show those ‘tractors! Phil’s paypigs will drink the purple koolaid if their dear leader commands it.

 

[BrokeACKMountain]

Could his $5000 business expenses perhaps include wages paid (by the business) to an employee?

 

[Fetal Alcohol Syndrome]

I'm so excited!

 

[DarkSydeDefender]

Even with time to reflect, it's still staggering that a man who gets paid so much to sit on a sofa and play games is in such a bad position. I voted $300,000+ just for the the lolz, but never expected it would be anywhere close to that amount.

It also speaks volumes of his thought process. This is a man who is so isolated from the outside world, so used to having his sycophants believe what he says no matter how often he contradicts himself, and so used to blocking any sort of criticism that he thinks he can do the same thing with the legal system.

To set the record straight...he did have some help with that. But as Phil's close friend, advocate and attorney I can assure you that he will win and continue to push forward positively.

 

[BallBuster]

I’m half expecting PlanetJeff to make a $10k donation today to show those ‘tractors! Phil’s paypigs will drink the purple koolaid if their dear leader commands it.

Which would be useless at this junction. That money would not help in the least.

 

[antinew]

Could his $5000 business expenses perhaps include wages paid (by the business) to an employee?

Well if his $5,000 is being paid as wages to himself then he will be taxed again for the wages.

Since he already pays two times the FICA taxes for being self-employed, he can deduct one-half of that from taxes. If he was actually intelligent he wouldn't pay himself a salary.

 

[Iron Hamster]

Phil told us he knows he is being foreclosed on by MidFirst bank and was pissed that he had to keep paying $400 in HOA fees while the litigation was going on. If Phil is no longer paying these, and he listed that he isn't, does this means he knows MidFirst has repossessed control of the property?

Not sure why he would make sure to pay those while he also had the property taxes that would need to be covered (as well as insurance) if he was just trying to stiff the bank (I know some taxes are incorporated in the mortgage payment). The municipality itself would put a lien on the property for unpaid tax after a certain amount of time. I also ran accros this (don't know how old this is):

Margaret M Oneill, (203) 378-9252, Stratford — Public Records Instantly

Margaret M Oneill is a resident of CT. Lookup the home address and phone 2033789252 and other contact details for this person

clustrmaps.com

 

[The Penultimate Warrior]

I’m half expecting PlanetJeff to make a $10k donation today to show those ‘tractors! Phil’s paypigs will drink the purple koolaid if their dear leader commands it.

Look on the bright side, even if he did that's only 2% of DSP's debt

 

[Kiwi Lime Pie]

The "2018 Back Tax Payment" for $500 is his payment plan he's on. In 2019, he wanted to raise that famous $15,000 $20,000 $30,000 $17,161 for his 2018 taxes. He said he could qualify for a payment plan if he raised "a certain amount of money" if he didn't make the full amount. He only raised a few thousand with his 2 fundraiser streams, and his mommy covered the rest until he could qualify. This seems to be that payment plan, because this is is showing there is a $500/mo expense for 2018 back taxes.

If DSP did request and receive approval of a payment plan installment agreement for the back taxes, $500/month would be a reasonable payment amount depending on the amount owed and number of months for the plan.

However, there are some key points to remember for those with installment agreements:

• The monthly amount has to be big enough to gradually pay down the tax debt and not just pay off the interest/penalties assessed each month. And,
• Not making payments can result in default, which would require one to request reinstatement of the plan along with payment of a reinstatement fee. Otherwise, 30 days after termination of the plan, collection activities on the outstanding balance can resume.

Source / Archive

 

[DarkSydeDefender]

If DSP did request and receive approval of a payment plan installment agreement for the back taxes, $500/month would be a reasonable payment amount depending on the amount owed and number of months for the plan.

However, there are some key points to remember for those with installment agreements:

• The monthly amount has to be big enough to gradually pay down the tax debt and not just pay off the interest/penalties assessed each month. And,
• Not making payments can result in default, which would require one to request reinstatement of the plan along with payment of a reinstatement fee. Otherwise, 30 days after termination of the plan, collection activities on the outstanding balance can resume.

Source / Archive

Seeing as the person, Phil Burnell, is a sovereign citizen as of 2/2/2020 he shouldn't be beholden to any taxes or debts. None of this was ever explained to him so he shouldn't be at fault since he wasn't made aware of any of this. The fact that he paid anything was out of the kindness of his own heart to make things a little better, not because he "owed" anything. He saw mail coming to his house, wasn't sure if they were legitimate bill collectors or detractors threatening to physically harm him, and under duress paid them to protect himself and his family. It was not an admission of guilt or acknowledgement of some fictitious "debt" that he owed.

But all in all this has been one big shit show and a massive witch hunt. The real criminals we should be looking for are Phil Burell and Phil Burnel. My friend and client, Phil Burnell, as confusing as it might be, has NOTHING to do with any of this.

 

[MV18]

Wouldn't any large donations at this point go AGAINST him? Would it not prove he can earn big money and be able to afford to pay back the debt, or would the fact that it's a rare amount go in his favour?

 

[Schrödinger's Kat]

Could his $5000 business expenses perhaps include wages paid (by the business) to an employee?

Potentially, and this is one of the common methods used in bankruptcy fraud. For instance, he could be paying a family member (Jasper?) to hide money and then after the bankruptcy is complete, that family member gives the money back to him.

It also could be he is including his taxes in the $5000 "ordinary operating expenses", which is not correct and will get caught when they check his tax return. Tax is not an operating expense and taxes are only paid on profits (the $3990 that he reported).

 

[Titanic]

This guy is so fucked. Just reading these documents showed he is attempting to commit fraud which can result in 250k fine or 20 years in prison if I am not mistaken. Why does he feel the need to sink himself into a deeper hole than he already is? I would have had more respect (probably not) if these forms were more accurate, but the only legitimacy I saw was his income being 110k+ a year lol

 

[Professor Iris]

You know, I'd feel bad for him, if it weren't for the fact that everything shitty that happened to him in his life is his own damn fault.

 

[Kosher Dill]

Potentially, and this is one of the common methods used in bankruptcy fraud. For instance, he could be paying a family member (Jasper?) to hide money

It's long been suspected that he made Kat an employee of Burnell Produtions LLC, and that that's what the "Kat pay stubs" on his desktop were for.

 

[Dandelion]

At a time like this, Phil could really use friends. Too bad he's one of those people that has a policy of burning bridges on a whim.

 

[I can't imagine]

This guy is so fucked. Just reading these documents showed he is attempting to commit fraud which can result in 250k fine or 20 years in prison if I am not mistaken. Why does he feel the need to sink himself into a deeper hole than he already is? I would have had more respect (probably not) if these forms were more accurate, but the only legitimacy I saw was his income being 110k+ a year lol

While you can hypothetically get hit with prison or huge fines, it almost never actually happens. They're already massively in debt, so a fine won't really serve as a deterrent (and also makes it harder on the creditors), and prison means they don't have a source of income to pay the creditors. It usually happens when it's some person/corporation who's engaging in bankruptcy fraud while hiding large sums of money.

It's far more likely they'll just refuse the bankruptcy and leave the creditors to pick his flesh.

 

[ThankYou45]

I doubt he's going to prison

Uncle Sam's only interest is to get his money, Phil clearly has the means for it, they just need to spank him a little to pay the shit he owes and learn to be more responsible when it comes to financial decisions

The only way he'd go to prison is if he didn't have any way to pay what he owes at all. If that were the case, they'd just throw his ass in prison since he's a liability to the society

 

[Rōjin]

I’m waiting for a mega whale to show up and bails out Phil with huge donations.

This guy is so fucked. Just reading these documents showed he is attempting to commit fraud which can result in 250k fine or 20 years in prison if I am not mistaken. Why does he feel the need to sink himself into a deeper hole than he already is? I would have had more respect (probably not) if these forms were more accurate, but the only legitimacy I saw was his income being 110k+ a year lol

We all know he’s lying about his finances. But I sincerely doubt any lawyer will investigate Phil. But let’s hope they do, it’ll be funny as hell.

 

[BrokeACKMountain]

It's long been suspected that he made Kat an employee of Burnell Produtions LLC, and that that's what the "Kat pay stubs" on his desktop were for.

That was my original thoughts, but I believe she'd have to declare it on her own income on the bankruptcy forms (and she's only declared $1700/month). Could he of potentially of made Papa Burnell an "employee"? Again, complete speculation - I just don't see how the fuck he expects anyone to believe he's got $5k worth of business expenses every month to sit and play videogames in his office.

The only way I can see him having $5k worth of bills per month is if he's getting hosed with credit cards (very likely), but that raises the question as to how they're considered a business expense.