[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

[Royalty Free Fish Food]

Oh, yeah. The old forum supervisor found them and poted them here. I'd prefer not to know what you need them for.

I fucking hate you.

 

[Nu11ptr]

I make absolutely no guarantees on being able to deliver, but I am asking around to see if I know anyone that might have that software and might let me peek at it. Expect no follow up, I disappoint regularly.

Catching up on this thread so rate me late if this has already been discovered. You can access a demo copy without signing up or buying a user license.
> Best case(dot)com
> "Download Demo"
> "Already a customer? Click here to download"
> "Reinstall Best Case"
> File starts downloading

Haven't had a chance to poke at it much yet myself, but thus far I've seen no reason to doubt their claim that it allows you to "Explore all Features and Functionality"

 

[Agent Proper]

Is there a cut off date for making amendments to his filing? With a little over a week to go before the court date I expect a few minor tweaks to be made.

I assume that his Fundraising for the tax guy could be actually for paying a lawyer to represent him for when the Creditors challenge his filing.

 

[RavingMage]

He will likely be able to claim at least a few electronics, ie computer and equipment to keep streaming, as exemptions under Chapter 7 exist under WA, assuming he files under there. WA also designates 'Tools of the Trade', which I'm not sure if that actually qualifies or not. Of course, I'm pretty sure he needed to declare that in his initial filing, which he did not do.

6.15.010 – Clothing (furs, jewelry & ornaments are limited to $3,500); cell phone, personal computer, and printer; household goods, furniture, appliances, home and yard equipment up to $6,500 ($13,000 for a married couple); pictures and keepsakes; books and electronic media to $3,500; food and fuel for comfortable maintenance; prepaid tuition; prescribed health aids; and personal injury awards up to $20,000.

6.15.010 - Tools and materials used in any trade up to $10,000; library, office furniture, equipment and supplies of a physician, surgeon, attorney, clergyman or other professional up to $10,000; farm trucks, tools, equipment, supplies, stock and seed of a farmer up to $10,000.

 

[Thomas Talus]

He's terrified that people will be there at the courthouse.

I guess Les Schwab are going to be labelled as "detractors."

Spoiler

Les Schwab (western US tire business) always has an attorney there for 341s as part of their business model

 

[ProvenWrong]

He will likely be able to claim at least a few electronics, ie computer and equipment to keep streaming, as exemptions under Chapter 7 exist under WA, assuming he files under there. WA also designates 'Tools of the Trade', which I'm not sure if that actually qualifies or not. Of course, I'm pretty sure he needed to declare that in his initial filing, which he did not do.

6.15.010 – Clothing (furs, jewelry & ornaments are limited to $3,500); cell phone, personal computer, and printer; household goods, furniture, appliances, home and yard equipment up to $6,500 ($13,000 for a married couple); pictures and keepsakes; books and electronic media to $3,500; food and fuel for comfortable maintenance; prepaid tuition; prescribed health aids; and personal injury awards up to $20,000.

6.15.010 - Tools and materials used in any trade up to $10,000; library, office furniture, equipment and supplies of a physician, surgeon, attorney, clergyman or other professional up to $10,000; farm trucks, tools, equipment, supplies, stock and seed of a farmer up to $10,000.

If he didn't file it before the end of this week - could they take it?

 

[RavingMage]

I'm not sure.

Add to the fact that he is self-employed, I'm not sure how much of his electronics/video games he can actually claim to be exempt. That's the danger of filing for bankruptcy when you are self-employed. You will need to be extremely accurate to separate personal from business. One of the first questions I bet they are going to ask is where he gets his income.

TBH, I'm wagering that they will find it out quickly and dismiss it. This will leave him at the mercy of the trustee to whether or not they will allow him to keep it.

 

[actually]

Add to the fact that he is self-employed, I'm not sure how much of his electronics/video games he can actually claim to be exempt. That's the danger of filing for bankruptcy when you are self-employed. You will need to be extremely accurate to separate personal from business. One of the first questions I bet they are going to ask is where he gets his income.

TBH, I'm wagering that they will find it out quickly and dismiss it. This will leave him at the mercy of the trustee to whether or not they will allow him to keep it.

One thing that's interesting is that 4K TV and PS4 Pro he claims were gifted (via money specifically for them). If he wasn't lying (), it doesn't seem like he could claim they're "business" assets. And given that he claimed he owns no electronics at all, it certainly seems like those wouldn't be protected, and they could easily fetch a few hundred dollars apiece.

 

[ProvenWrong]

One thing that's interesting is that 4K TV and PS4 Pro he claims were gifted (via money specifically for them). If he wasn't lying (), it doesn't seem like he could claim they're "business" assets. And given that he claimed he owns no electronics at all, it certainly seems like those wouldn't be protected, and they could easily fetch a few hundred dollars apiece.

They could take this whole mans streaming equipment with him? Holy crap... Since he claimed no electronics... That's shocking..

 

[actually]

They could take this whole mans streaming equipment with him? Holy crap... Since he claimed no electronics... That's shocking..

I don't have the doc sitting in front of me, but he claimed exemptions for "household goods" and for "business assets" (or some equivalent), so they wouldn't take everything. That said, he has 3 TVs (living room, bedroom, and office), an iPad, and like 3 PCs (though he only uses one), along with all the various consoles and a PSVR that he doesn't touch any more. I think he would be hard-pressed to have them all covered, but I could be wrong.

 

[RavingMage]

I'm not sure. I do know that personal exceptions for electronics do exist and it's higher for married couple. This is before considerations for self-employment comes through. But again, I'm pretty sure he would have to declare it from the start.

 

[ProvenWrong]

I don't have the doc sitting in front of me, but he claimed exemptions for "household goods" and for "business assets" (or some equivalent), so they wouldn't take everything. That said, he has 3 TVs (living room, bedroom, and office), an iPad, and like 3 PCs (though he only uses one), along with all the various consoles and a PSVR that he doesn't touch any more. I think he would be hard-pressed to have them all covered, but I could be wrong.

This man has 3 PC'S???? Oh right the one in Leanna's old Office - His Own PC - is the third his laptop?

 

[King Daddy Telomerase]

Doesn't Phil still have the 2 infamous lemon PCs? I highly doubt he sold them. The CyberpowerPC one is still very useable today.

 

[actually]

I'm not sure. I do know that personal exceptions for electronics do exist and it's higher for married couple. This is before considerations for self-employment comes through. But again, I'm pretty sure he would have to declare it from the start.

He's not filing with Kat. Just himself.

Doesn't Phil still have the 2 infamous lemon PCs? I highly doubt he sold them. The CyberpowerPC one is still very useable today.

I may be wrong. He definitely has the old "lemon" and his current cyberpower one along with the laptop.

 

[Royalty Free Fish Food]

Something that really blows my mind about how much in debt he really is, is the fact that I love shows like Kitchen Nightmares and Bar Rescue. People running restaurants and bars are in a lot of episodes only in debt like 300k. They have staff, product and utilities to deal with on an entire building AND their homes. This fat cunt has sat in his room with none of that and is still in debt over 200k more than they are.

The irresponsibility involved in this whole thing is truly astounding. You don't accidentally get this deep in the hole. He deserves to get absolutely hammered by the creditors.

 

[King DDT]

He's not filing with Kat. Just himself.



I may be wrong. He definitely has the old "lemon" and his current cyberpower one along with the laptop.

Is there a reason he's not filing for bankruptcy as a married couple? Is it just because the debt he's trying to expunge is pre-Kat?

 

[Beetus Knuckles]

Is there a reason he's not filing for bankruptcy as a married couple? Is it just because the debt he's trying to expunge is pre-Kat?

This might be a calculated move by DSP. Get rid of his debt with Chapter 7, then let Kat apply for new cards in her name using their combined income. She can add him as an authorized user. BAM, honeymoon and gacha spend!

 

[JamFlowMan]

Something that really blows my mind about how much in debt he really is, is the fact that I love shows like Kitchen Nightmares and Bar Rescue. People running restaurants and bars are in a lot of episodes only in debt like 300k. They have staff, product and utilities to deal with on an entire building AND their homes. This fat cunt has sat in his room with none of that and is still in debt over 200k more than they are.

The irresponsibility involved in this whole thing is truly astounding. You don't accidentally get this deep in the hole. He deserves to get absolutely hammered by the creditors.

What makes it more unbelievable is, if you believe Phil (might as well stop now), outside of the car/condo he was debt free prior to the Washington move. So while most of the debt is the two mortgages the 100k credit card debt accumulated in just 5 years. Pretty sure he once claimed moving across the country cost his 10k, so there is 10% already. Not sure what that number includes, like if he adds in the new furniture for the house, what a cross country move would usually cost, or how much he rounded up to over exaggerate because it's Phil.

 

[actually]

Pretty sure he once claimed moving across the country cost his 10k, so there is 10% already. Not sure what that number includes, like if he adds in the new furniture for the house, what a cross country move would usually cost, or how much he rounded up to over exaggerate because it's Phil.

$10k is feasible if you consider that he undoubtedly paid for his shit to be packed and unpacked as well. I've done two large moves, and they each cost around $5-7k. But we also did all the packing and unpacking, which brought that cost down. Thing is, Phil was in what basically amounts to a two room condo in CT. For each of my moves, I was moving house (albeit just two people's worth). And Phil "furnished" the WAKhando once he got there, so he presumably left most/all of his furniture.

That's all a lot to say, in short, as with everything else he does, even basic steps would have saved him thousands.

 

[DZoomer]

What makes it more unbelievable is, if you believe Phil (might as well stop now), outside of the car/condo he was debt free prior to the Washington move. So while most of the debt is the two mortgages the 100k credit card debt accumulated in just 5 years. Pretty sure he once claimed moving across the country cost his 10k, so there is 10% already. Not sure what that number includes, like if he adds in the new furniture for the house, what a cross country move would usually cost, or how much he rounded up to over exaggerate because it's Phil.

Didn't he also say that he used to pay his "tax guy" using credit cards?

I think it's just that Phil used to pay for everything on CCs. It's particularly bizarre when you realize that he kept using CCs even though he knew that his revenue was steadily declining.

5 years paying anything you can using CCs, always making minimum payments, and signing up for a new credit card whenever you hit the limit on the previous one. A recipe for disaster. It's fascinating that Phil has managed to do that and still is able to convince himself that he's smarter than any of his detractors.