[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

[clownpiss]

this guy is living in his own head now, he doesnt have the lawyers personal number and they dont work on the weekend for a relatively small chump case

 

[Schmeckel]

They/court/trustee will quickly see that any actual assets worth anything is
1, car
2, properties
3, 1000$ in the bank

Sure they can dig deeper. But that costs money and there is so little left to recover.
They can pay an enforcer 200$ per hour to over there and check his PS4, take it and sell it to GameStop for 90$.
But it would be pointless.

I think the cost to recover and re-sell these low value items are so much higher than the value that they can reclaim that there is no point in even trying.
Spend 200$ to re-posses and re-sell a PS4 that just brings in 90$ ?

Well, yeah, those things would be the highest on the list of "assets.". But he still has to be completely forthright with everything he owns to paint the clearest picture possible so as to not leave much room for the trustee to question what he's claiming. He should be listing pretty much everything he owns (fuck, my mom filed bankruptcy... Some 15 years ago, and she went the full mile and listed out an individual listing of each piece of plate ware she owned at the time.) so that the trustee DOESN'T feel the need to come and have a little poke around the gouthouse. By claiming he has none of those things, and having a "business" that is entirely based on electronics... Well, he's poking the wrong bees nest on that one.

 

[Richard Harrow]

They/court/trustee will quickly see that any actual assets worth anything is
1, car
2, properties
3, 1000$ in the bank

Sure they can dig deeper. But that costs money and there is so little left to recover.
They can pay an enforcer 200$ per hour to over there and check his PS4, take it and sell it to GameStop for 90$.
But it would be pointless.

I think the cost to recover and re-sell these low value items are so much higher than the value that they can reclaim that there is no point in even trying.
Spend 200$ to re-posses and re-sell a PS4 that just brings in 90$ ?


Sure, you could go and claim all the items as extra punishment but it would cost more than the value of the items.
Who will carry that cost?

The tax payer pays a small portion of the cost but that's pretty minuscule considering the relevant taxes are used to pay the judge and clerks. Bankruptcy is actually a constitutional and federal process so those "errors" on Darksfuhdil's paperwork is risky at best. The primary entity eating the cost are the lenders and creditors who assume the risk of lending funds to begin with. Even if he filed the paperwork correctly he'll still owe an egregious amount for which he might find himself back in court for a lawsuit to collect the remaining balance.

 

[big ups liquid richard]

That 1200 dollars in attorney fees gives him a direct open line even on Sunday (Superbowl Sunday of all days)? Pretty cool, right?

 

[AnOminous]

Epic rant just now on the stream, holy shit. To summarize:

There might be some discrepancies, but it's okay because it's not that big of a deal to lie on that form. But everything on that form is 100% truthful and correct, my attorney said so. But if not it's fine, because if they find discrepancies, nobody's ever been to jail for this and I can't be charged with perjury for lying on that form, even though it says so. Do you idiots really think my lawyer would risk going to jail over this? But nobody would ever go to jail for this. But I didn't lie because there's no discrepancies on that form. But there are discrepancies, and I called my attorney just now on a sunday evening to verify that everything's fine and they told me everything's fine. So these people out there are all lying idiots.

tldr: "and by the way..." "... my attorney agrees with me."

That's not what the paperwork said. It just said she doesn't specifically know that it contains any lies. Any lies in it are on HIM.

Even if he filed the paperwork correctly he'll still owe an egregious amount for which he might find himself back in court for a lawsuit to collect the remaining balance.

Even normies acting in good faith fuck these up all the time. About half of these petitions fail. DSP isn't a normie, isn't acting in good faith, and is almost publicly admitting on video he lied on his paperwork, which is filled with obvious bullshit that contradicts itself repeatedly on top of that. You need to know literally zero about Pigroach lore or Pigroach finances to know it's bullshit.

 

[tzgnilki]

perjury isn't about the creditors - you're right the creditors probably couldn't care less and would be used to it. Perjury is a crime, a breach of the law separate to any dispute between parties. It's a really serious crime because it undermines the justice system itself. Courts in particular hate it. If he committed perjury it would probably be a (new) police matter distinct from bankruptcy proceedings.

If DSP has identified any glaring inaccuracies which would be obvious to the court since submitting the statement, he would be wise to correct it. There's probably some way to do an addendum.

I agree with others who have said that it appears like he's not treating the process with the seriousness it warrants. Maybe it's that ego, meaning can't seek good advice from people he can trust, or when given good advice he rejects it out of hand because it doesn't suit him?

I love how he was sweating enough to call his lawyer mill to confirm his false application

"everything is 100% but there are discrepancies but my lawyer said it's fine, u guys are dumb idiots"

and it's the FBI who investigate bankruptcy fraud

Praise the sun btw fellow dark souler.

I don't think they will care much about old electronics or non-collector quality gaming memorabilia.
I think this electronics and statues are probably worth less than cents to the dollar and, would they they even collect 1000$ all in all if you had to sell it on short notice or auction?
It looks like the man has to find a way to pay off about 200k$ in debt. No one will care about how many spiderman statues he has in his closet or that he has some 3 year old consumer grade laptop.

It is probably not even worth the effort to send someone over there to itemize all the worthless junk he has and list it.
Car, two properties. That is where all his reasonable assets are. They will let him keep all his statues and other worthless junk since it would be too expensive to even try get a valuation done on them.

I.e. the assets as far as I can tell is the car, two properties, and approximately 1000$ in bank accounts. Everything else is worthless junk. So I don't think he tries to hide any of it.

EDIT: regardless of what kind of bancrputcy happens, he is going to be allowed to keep all of his gaming memorabilia. Because it is worthless junk.

he listed $200 of jewellery but not $1000 of electronics and collectibles?

 

[Schrödinger's Kat]

It is probably not even worth the effort to send someone over there to itemize all the worthless junk he has and list it.
Car, two properties. That is where all his reasonable assets are.

So he claims and is likely true, but MidFirst Bank and his other lenders don't know that. Given that he has a high income, high debt, and almost no assets outside of the Khando, I think they are going to wonder where all that money went. Its very common to hide assets in bankruptcy claims. Being self-employed, and self-reporting income, which no one can verify but him, it will automatically trigger a deeper level of scrutiny. Some of his creditors might be willing to pay to check into it.

 

[AnOminous]

So he claims and is likely true, but MidFirst Bank and his other lenders don't know that. Given that he has a high income, high debt, and almost no assets outside of the Khando, I think they are going to wonder where all that money went. Its very common to hide assets in bankruptcy claims. Being self-employed, and self-reporting income, which no one can verify but him, it will automatically trigger a deeper level of scrutiny. Some of his creditors might be willing to pay to check into it.

If they think you're hiding shit and they can, they'll show up with the sheriff to bag and tag your shit not even because it will pay for the cost of doing it (although they might find more than you admitted to), but because if you do have money, you'll pay up not to have that shit ever happen to you again.

 

[Gotta Groom Em All]

That's not what the paperwork said. It just said she doesn't specifically know that it contains any lies. Any lies in it are on HIM.

I know. that's what's so funny. He told some fairly brave lies on that form and spent the entire day today deflecting every ounce of responsibility onto his lawyer, "I have no idea what that form says, I just told them the info and they did everything for me," because he knows he's going to get caught. He's already set the stage for the narrative to be "my idiot lawyer completely fucked up my filing and ruined my bankruptcy, so now I'm going to lose my house because the idiots at that law office completely fucked me over, again. There was seriously nothing I could do you guys" when this blows up in his face. It's both fascinating and horrifying when you see someone do these kinds of mental gymnastics because their ego is too fragile to admit fault and they're too weak to take any responsibility for themselves.

He's pre-loading blame onto his lawyer for his bankruptcy the exact same way he pre-loads blame onto his "super laggy connection" every time he has to play EvilAJ in SF because he knows he's going to get obliterated. It's basically his signature move at this point.

 

[behind_the_scenes_begging]

ironically, if he actually feigned calling his lawyer when the discrepancies were brought to his attention, that video could be used against him in any subsequent perjury case as evidence he was on notice that there was something wrong with his application.

If there's something wrong in there which you can't back up if tested, you better correct the record Phil. The docs were filed on Friday 31 Jan, it would be reasonable if he moved quickly to correct the record on Monday 3 Feb having had the weekend to review them.

 

[Schrödinger's Kat]

He told some fairly brave lies on that form and spent the entire day today deflecting every ounce of responsibility onto his lawyer, "I have no idea what that form says, I just told them the info and they did everything for me," because he knows he's going to get caught.

Well isn't this just classic fucking Phil. "Your honor, I didn't read the form, I didn't even look at it. I didn't agree to anything. I just gave it to my attorney and she filled it out. Its not my fault. I did nothing wrong."

No, Phil. You are the one who goes to jail when you commit a crime and are convicted, not your attorney, even though you paid them to defend you.

 

[King Daddy Telomerase]

It's interesting that Phil is talking so much about the bankruptcy saga today, that's a common sign that he actually believes he's in the right. Maybe it's just that he foolishly believes he'll pigroach yet again over the courts, creditors, IRS, etc...

But, I suspect it's because after reading the detractors, he's genuinely worried that this Rochelle is a bankruptcy mill hack that's enabled him to get in massive trouble with his potential fraud and perjury. Thus, he's really trying to convey that he's only doing what she wanted him to do. In reality, allowed him to do.

 

[actually]

It's interesting that Phil is talking so much about the bankruptcy saga today, that's a common sign that he actually believes he's in the right. Maybe it's just that he foolishly believes he'll pigroach yet again over the courts, creditors, IRS, etc...

Nah, he's talking about it to try and set his narrative that he's doing everything right. That's why he keeps calling it nonsense and saying that everyone talking about the "discrepancies" are just "20 year old kids" who don't understand what they're reading. It's definitely not that he made basic bitch mistakes.

 

[David Davidson]

View attachment 1127918

this guy is living in his own head now, he doesnt have the lawyers personal number and they dont work on the weekend for a relatively small chump case

Wow dude! If my lawyer, the person who has no skin in the game except a law degree to help me out, put in the wrong info on my form then THEY WOULD GO TO JAIL!

What world does this guy live in? The attorney didnt sign the "under penalty of perjury" lines. You did smartass. They would at worst get sued by you for malpractice. Good luck with that inside of a jail cell for the next 10 years btw.

 

[architect]

Let's say your business makes around 100k a year which is higher than the state median, meaning you aren't eligible for Chapter 7 bankruptcy in Washington. Are you seriously telling me you can start incurring extra expenses, such as a security system, the year before you file for bankruptcy just so you can get your income below the state median (and qualify for Chapter 7)? Please tell me that wouldn't work.

 

[MoonRocker]

Finally caught on the pre-stream and it was a gold mine of information. Can’t believe this guy is so stupid and admits to these things on camera constantly.

Apparently his attorney filled it out for him. I mentioned in one of my earlier posts his law firm probably employed a methodology to file the document and have it pass the initial filing with the best numbers possible; it appears this methodology was as follows: provide as little information as possible about your financial situation while massaging the numbers so you magically qualify for the WA median income. I guarantee you they hope that this will get rubber stamped and pass the initial filing and then amendments are going to be filed to fix any errors. They’re hoping the volume of Chapter 7 filings in the state of WA will make his case fall through the cracks. Holy shit I can’t believe this is happening. I would be panicking so fucking bad if I was Phil.

Very, very risky strategy as it appears it relies on luck rather than a precise filing.

If I was in Phil’s situation, and I was a drug addict for a long time, even *I* would put some drug money aside to mount up $5,000 - $10,000 to hire the best bankruptcy attorney so I could save my drug den and the possessions within it.

This dumb motherfucker picked the closest and cheapest bankruptcy attorney he could find and is barely following the process. When he’s about to lose his house and maybe the only way he has to make money.

He didn’t even ask to review the document before it was filed. He deserves to lose his fucking house and have his life fall apart. This level of irresponsibility shouldn’t go unpunished.

 

[Prince Lotor]

He's going hard on the 'blame the lawyer' angle, probably so he doesn't have to admit to himself that he's being a dumbfuck yet again. He thinks the lawyer will go to jail over lies he told. Phil can only admit that 'Past Phil' fucked-up, 'First-Person Phil' did nothing wrong, did everything 100% correct in fact.

I was watching old videos of Phil talking about filing his taxes and several different years he states that one of the business expenses he writes-off is a portion of his Water Bill. Now can anyone tell me what portion of Phil's 'Record myself playing video games' business requires water from his faucets?

 

[King Daddy Telomerase]

Apparently his attorney filled it out for him. I mentioned in one of my earlier posts his law firm probably employed a methodology to file the document and have it pass the initial filing with the best numbers possible; it appears this methodology was as follows: provide as little information as possible about your financial situation while massaging the numbers so you magically qualify for the WA median income. I guarantee you they hope that this will get rubber stamped and pass the initial filing and then amendments are going to be filed to fix any errors. They’re hoping the volume of Chapter 7 filings in the state of WA will make his case fall through the cracks. Holy shit I can’t believe this is happening. I would be panicking so fucking bad if I was Phil.

Very, very risky strategy as it appears it relies on luck rather than a precise filing.

I'm thinking this more now, also. Phil talked about some things like the cat discrepancy, which probably won't matter. But, he didn't go near the important stuff like $9000 business expenses 6 months ago. I doubt Phil is even recklessly stupid enough to try pulling that one off. I think Phil is terrified, and he should be.

 

[Schrödinger's Kat]

Very, very risky strategy as it appears it relies on luck rather than a precise filing.

Yes it does, because precise filing would mean he would lose (both) of his Khandos. Therefore lying, and hoping no one catches him, is his only option.

What really bothers me here is what a complete and total hypocrite this dipshit is. He flips the fuck out when someone tips him and tries to charge it back, and that's not even his money to begin with. It never was. Now, for years he spent someone else's money on sweaty jpegs and who knows what else and is doing everything he can do give them absolutely nothing in return by cheating the system. A big "I'm not paying you back and you can all go fuck yourself!" *double middle finger*

Its really quite disgusting. I guess they don't call him the pigroach for nothing.

 

[gaarashatan]

that 200 dollar in jewelry must be his gold chain hes nvr had