[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

[DiabeticSP]

Even if a best case scenario for Phil he's still broke as fuck with a mortgage to pay and back taxes on a payment plan he's not meeting.

Sure he can kite those another year but sooner or later the IRS will say 'no, pay us now' and tank him with penalties and shit.

Besides, he'll walk out of court and immediately find a way to start kiting debt at hilarious rates due to his tanked credit score and inability to declare bankruptcy again for a few years.

The man's 40 with 1k in total cash assets and his only equity is minimum payments on a middle unit condo.

If bankruptcy doesn't get him, streaming to 300 autists until he dies of liver failure from gin at 53 will.

 

[beep_beep_goes_the_jeep]

im not someone thats into the whole "god" thing but i PRAY that somehow someway the judge and the people in charge of approving or denying his bankruptcy are shown clear fudging of the numbers hes doing to scam the system.

I also hope they dig way deeper into this "$5243.84 a month" operating expense hes claiming he has. this will also open the door for a review of his tax write offs because you know hes deducting that much AND POSSIBLY MORE each month which will result in a huge fine from the irs. i dont even think the cost of all his stuff in that entire room adds up to $5200 bucks so theres no way hes spending that much every month. i mean $3990.69 isnt even enough to cover the monthly payment on both properties and normal things like utilities food and so on....so just glancing at these non itemized numbers its clear that they dont add up. if it was legit the months without panda or cat in the house would have crippled his ability to pay the house payments. i think i agree with someone else that posted sayin "wanna bet he included the entire cost of his mortgages in his deductions" which is total fraud.

i read that this process doesnt get rid of tax debt both past and future is that true?? if so cant the irs slap a lien on the condo and force its sale even if the bankruptcy side doesnt force the sale of the home??

i hope this lawyer isnt responsible for these fudged numbers because hes gonna be in for some mess when the folks that dislike phil with a passion present video and social media proof to disprove every claim this dude makes and if the lawyer is lyin just as much as phil is here he will get slapped just as hard and rightfully so. if the courts do their job they will dig into the numbers.

 

[detractorzer0]

Even if it goes his way, he keeps the house and everything else is dismissed, he still wakes up the next day as Phil Burnell internet wanking man, father to a cat who hates him and a horse wife, destined to spend the rest of his days streaming games he hates to people who hate him. Whatever the outcome of this court shenanigans most people will live better and more fulfilling positive lives than Phil.

the one thing the court can’t dismiss is the fact he will spend the rest of his days as Phil P Burnell.

Although a lot of us wouldn't like it, him getting away with this would be more harmful than anything. Think about this. These last few years has been Phil with inordinate amounts of debt hanging over his head. Flying his stolen gf in, spending money constantly on stupid shit like brand new Christmas decorations because...reasons. Buying a brand new car he definitely does not need. Making minimum payments on his debt to uncle sam. Not even close to paying off either of his homes. These trends will continuea, except, Phil won't have the dark cloud of debt over his head so I feel that he is going to go all out on spending frivolously. This is a man who is talking about a baecation while his bankruptcy is processing. He's not a rational human being and he is horrible with money. Much like when people said that his paypigs propping him up month after month was doing more harm than good, him being granted this bankruptcy wont put him in a better position because he has learned nothing.

Not only that, but imagine how toxic he is going to be to detractors and fans alike. He's going to alienate the fuck out of everyone until only his most loyal fans are still around.

 

[GoutfootHorseface]

Although a lot of us wouldn't like it, him getting away with this would be more harmful than anything. Think about this. These last few years has been Phil with inordinate amounts of debt hanging over his head. Flying his stolen gf in, spending money constantly on stupid shit like brand new Christmas decorations because...reasons. Buying a brand new car he definitely does not need. Making minimum payments on his debt to uncle sam. Not even close to paying off either of his homes. These trends will continuea, except, Phil won't have the dark cloud of debt over his head so I feel that he is going to go all out on spending frivolously. This is a man who is talking about a baecation while his bankruptcy is processing. He's not a rational human being and he is horrible with money. Much like when people said that his paypigs propping him up month after month was doing more harm than good, him being granted this bankruptcy wont put him in a better position because he has learned nothing.

Not only that, but imagine how toxic he is going to be to detractors and fans alike. He's going to alienate the fuck out of everyone until only his most loyal fans are still around.

Although a lot of us wouldn't like it, him getting away with this would be more harmful than anything. Think about this. These last few years has been Phil with inordinate amounts of debt hanging over his head. Flying his stolen gf in, spending money constantly on stupid shit like brand new Christmas decorations because...reasons. Buying a brand new car he definitely does not need. Making minimum payments on his debt to uncle sam. Not even close to paying off either of his homes. These trends will continuea, except, Phil won't have the dark cloud of debt over his head so I feel that he is going to go all out on spending frivolously. This is a man who is talking about a baecation while his bankruptcy is processing. He's not a rational human being and he is horrible with money. Much like when people said that his paypigs propping him up month after month was doing more harm than good, him being granted this bankruptcy wont put him in a better position because he has learned nothing.

Not only that, but imagine how toxic he is going to be to detractors and fans alike. He's going to alienate the fuck out of everyone until only his most loyal fans are still around.

It’s not that I don’t want it to happen. I’m just very much of the hope the best (worst for Phil) expect the worst (Phil dancing away free on his gouty feet) school of thought. He’s squirmed out of so much over the years it’s difficult to believe this could be it. I don’t really want him to lose his house or end up in prison but I would be delighted to see him just once have to face the consequences of his own actions.

 

[detractorzer0]

It’s not that I don’t want it to happen. I’m just very much of the hope the best (worst for Phil) expect the worst (Phil dancing away free on his gouty feet) school of thought. He’s squirmed out of so much over the years it’s difficult to believe this could be it. I don’t really want him to lose his house or end up in prison but I would be delighted to see him just once have to face the consequences of his own actions.

I get it. Personally, I don't care either way. All scenarios point to entertainment for me, and Phil is mostly in this situation due to his own choices and refusal to change. Whether he loses his house or gets a slap on the wrist, I won't shed any tears for the man.

 

[actually]

Maybe Phil put the value of WAKahndo where he did because it will take 50k to remediate the pig-gout stank and dust and detritus out of his office if he sells. Seriously though, one of the best signs that the jig is up for DSP would be a continuance of the 341 while the trustee or the US trustee looks into the value of his assets or the validity of his business expenses. If one or the other aren’t convinced that it’s a mistake rather than attempted dishonesty, they could hit him with a 2004 exam to dig deeper.

In all seriousness, why wouldn't this happen no matter what? Even a cursory glance at his filing reveals numerous errors and numbers that juuuust slip him under the bar to duck all his debts. Seems like it would be a no-brainer to make him prove his numbers given how perfectly they benefit him while he makes $100k+ a year.

 

[James Smith]

If DSP is telling the truth and really has -$34 cashflow every month he's not going to be any happier after declaring bankruptcy because he'll need the credit cards he's offered. I bet he ends up in the same position in 10 years.

 

[tzgnilki]

less than two weeks, court hype

 

[Schrödinger's Kat]

In all seriousness, why wouldn't this happen no matter what? Even a cursory glance at his filing reveals numerous errors and numbers that juuuust slip him under the bar to duck all his debts. Seems like it would be a no-brainer to make him prove his numbers given how perfectly they benefit him while he makes $100k+ a year.

It should. Even if he didn't deliberately screw up his filing, the fact that he runs a business and self-reports his income should open him up to additional scrutiny by itself, unless he provides very detailed and accurate reports of his income, transactions, and spending to the trustee (yeah, right).

Another possibility is that if Phil lied on his credit applications about his income, his creditors can request the 2004 exam to prove that the debt is non-dischargeable. What do you think the chances are Phil over-stated his income to get more credit cards?

 

[Agent Proper]

If DSP is telling the truth and really has -$34 cashflow every month he's not going to be any happier after declaring bankruptcy because he'll need the credit cards he's offered. I bet he ends up in the same position in 10 years.

I have no doubt about that he has been very reckless with money since his "white hot" YouTube days, not to mention him taking out loans to go play Street Fighter. His spending habits probably stem from his Mom who would drop off Lil Sway with a sack of quarters at the mall arcade so she could spend Daddy Dave's cash on bullshit in peace. This is how Phil learned they could afford the Wolverine action figure and his misconception of financial management.

Phil values monetary crap over experiences and people and now we get a front row seat to watch his legacy crumble around him and he will have little to show for his years of "hard work".

 

[Mr. Brown]

I have no doubt about that he has been very reckless with money since his "white hot" YouTube days, not to mention him taking out loans to go play Street Fighter. His spending habits probably stem from his Mom who would drop off Lil Sway with a sack of quarters at the mall arcade so she could spend Daddy Dave's cash on bullshit in peace. This is how Phil learned they could afford the Wolverine action figure and his misconception of financial management.

Phil values monetary crap over experiences and people and now we get a front row seat to watch his legacy crumble around him and he will have little to show for his years of "hard work".

Didn't max out credit cards to play Street Fighter BEFORE he even started YouTube?

The guy probably had a mountain of debt before he made money from YouTube. If you think of 10 years divided by 500k debt amount it's like $135 in the red every single day... It's stunning.

 

[King Daddy Telomerase]

Didn't max out credit cards to play Street Fighter BEFORE he even started YouTube?

The guy probably had a mountain of debt before he made money from YouTube. If you think of 10 years divided by 500k debt amount it's like $135 in the red every single day... It's stunning.

Phil said he had huge credit card debt from his Street Fighter days which he paid off with the big bucks he made in his prime Youtube days, just before moving to Washington. He never learns, as we see with him still spending recklessly.

 

[harbinger]

I hope he's saving up for a good lawyer but I know he isn't

a bad lawyer or no lawyer could really be the nail in the coffin

He has been saving up fo a good lawyer. When Philip is in the court house and they beat him down and they have him on the ropes, he’ll pull out his 4-gold star Hulk Hogan and come back from the brink of defeat. He will body slam his creditors, give them the Big Boot, then finish them off with a Leg Drop. Then it’s 1, 2, 3 to the championship and all the Hulkamaniacs who’ve been taking their vitamins and saying their prayers will be cheering on Philip as he takes a victory lap around the court room.

What are you going to do, brother, when Hulkamania runs wild on you?

 

[actually]

He has been saving up fo a good lawyer. When Philip is in the court house and they beat him down and they have him on the ropes, he’ll pull out his 4-gold star Hulk Hogan and come back from the brink of defeat. He will body slam his creditors, give them the Big Boot, then finish them off with a Leg Drop. Then it’s 1, 2, 3 to the championship and all the Hulkamaniacs who’ve been taking their vitamins and saying their prayers will be cheering on Philip on as he takes a victory lap around the court room.

What are you going to do, brother, when Hulkamania runs wild one you?

1 million tendie points for anyone who 'shops Phil face onto the Hulkster running around the ring and/or doing some kind of "Hulking up" move.

 

[shioq]

Didn't max out credit cards to play Street Fighter BEFORE he even started YouTube?

The guy probably had a mountain of debt before he made money from YouTube. If you think of 10 years divided by 500k debt amount it's like $135 in the red every single day... It's stunning.

That's what I'm thinking too. He still has credit card debt from before the move, and he just paid minimum payments the whole time. Just like he only made minimum payments on the CT Kahndo even when he was making "crazy money". It makes me wonder if DSP can do multiplication and subtraction, because he sure doesn't understand interest.

 

[Mr. Brown]

That's what I'm thinking too. He still has credit card debt from before the move, and he just paid minimum payments the whole time. Just like he only made minimum payments on the CT Kahndo even when he was making "crazy money". It makes me wonder if DSP can do multiplication and subtraction, because he sure doesn't understand interest.

It was just a buyers market for debt

 

[Pepper Jack]

That's what I'm thinking too. He still has credit card debt from before the move, and he just paid minimum payments the whole time. Just like he only made minimum payments on the CT Kahndo even when he was making "crazy money". It makes me wonder if DSP can do multiplication and subtraction, because he sure doesn't understand interest.

He claimed that he paid off all his debt when he was making INSANE amounts of money on Youtube, which I believe. He claims he went back into debt with the move, which I don't believe. I believe that he paid off his debt then immediately got new credit cards because he only knows how to live on credit.

I bet he is going through credit card withdrawal from not being able to use them due to bankruptcy.

 

[QuadDamage]

I bet he is going through credit card withdrawal from not being able to use them due to bankruptcy.

If he's not yet, he's going to be soon.

Frivolous shopping gives you a dopamine hit like anything else, and you can become legitimately addicted to it. I've had a few friends who fell into full blown self-destructive shopping addictions that ruined their lives. It always started the exact same way, justifying extra expenses for their main hobby because it was something they would make sacrifices for. Though in their cases the hobby was at least horseback riding so there was a physical and social element to it, it wasn't just a mobile matching game with wrestling gifs. But then once they fell into a cycle of debt they couldn't realistically pay off anytime soon, the mentality that it was fine grew and they started living way beyond their means in other areas of life.

The high (and stress) of living that way is NOTHING compared to the low of coming back down from it. This guy is in for one hell of a crash.

 

[SaidNoOneEver]

The high (and stress) of living that way is NOTHING compared to the low of coming back down from it. This guy is in for one hell of a crash.

He looks really rough right now. I think he's drunk. There's supposed to be a talk later.

 

[2sm]

DSP would be better off removing his facecam at this point, he looks like total shit.