- Joined
- Jul 16, 2018
lmfao stream is gold
edit: Already blaming lawyer
edit: Already blaming lawyer

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According to Phil the attorney filled out the form and he's deflecting any inconsistencies to be the lawyer's fault.
The most disgusting thing he's done so far is pre-load all the blame onto this lawyer. "They did everything, they did the filing, I did nothing, if there's any discrepancies there's nothing I could do." He just assured everyone that his bankruptcy isn't a big deal. This man is unstoppable.
That's exactly how you don't fill out forms as important as these. He is basically admitting that he is only doing this to slow down foreclosure proceedings. I really do hope he tells anyone moderating this that he wanted to "fill out the form and fix it later." I'm sure they will help him with how seriously he is taking this. Telling people, "I know that these federal legal forms are not correct but I plan on fixinf them later," is not a good idea.He expects a hearing in a month, so you want to file it as soon as possible and fix it after.
This shit is wild.
He did list $15,000 in 2018 Back Taxes as a priority unsecured claim earlier in the filing. If he owed $17,161 back in April 2019, but still owes $15,000 in January 2020 while supposedly paying $500/mo towards it, he certainly must have missed some payments. That or his numbers are out of whack like the rest of his filing.
The thing to remember is not all of the $500/month goes towards the back tax debt. At the beginning of the installment period, most of that goes towards the interest and penalties that continue to accrue for not being paid in full by 15 Apr 2018. Only with continued on-time payments will the interest lower so that more of each payment goes towards the actual tax debt.On the other side of the coin
if he was regularly paying $500/month, that tax bill could've been $20,000+
Given the interest rate the IRS charges on amounts past due, this sounds plausible for a six-year installment agreement. Based on my rough calculations, $500/month seems to be the minimum amount needed to pay off the debt within six years. While missing any payments will set his schedule back, missing any of the initial payments could potentially put him in a situation where the $500 barely covers the interest and penalties and little to none of the principal debt.A 72-month installment agreement at $500 per month would have been $36K which is pretty much exactly what he would have owed the IRS in 2018.
I have no idea how he only has $15K of that left after less than a year.