[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

[tzgnilki]

Since his WA condo is above water, could DSP have just gotten a home equity loan for the $131K, paid all the credit cards off, and then at least he would be paying 5% interest instead of 30% interest? I was just thinking about that the other day when I went to the bank and saw home equity loans for 5%.

I know DSP would fuck it up eventually, but I'm just wondering if that would have at least been an option for normal people before declaring bankruptcy?

If maybe not the full $131K, something like $80K to $100K or whatever his actual equity is in the house?

idk if they could trust him with a loan, he was already making minimum & late payments on bills/loans/credit cards

and had already stopped paying the CT mortgage until someone told him he had to keep paying it until ownership changed over to the mortgage holder (lol)

I think it's too late to consolidate, his credit pre-bankruptcy credit report is probably trash and he's also about to default on the $15,000 IRS tax payment plan to start a new one for approx $35,000

 

[FamicomGorby]

With the bankruptcy hearing coming up, do we still have confirmation that someone from the Farms is gonna show up? Null mentioned in the Rekita stream that someone had volunteered, I assume they'll attempt to discretely live stream/record it.

 

[tzgnilki]

With the bankruptcy hearing coming up, do we still have confirmation that someone from the Farms is gonna show up? Null mentioned in the Rekita stream that someone had volunteered, I assume they'll attempt to discretely live stream/record it.

drunken peasants will probably do it for views

 

[actually]

With the bankruptcy hearing coming up, do we still have confirmation that someone from the Farms is gonna show up? Null mentioned in the Rekita stream that someone had volunteered, I assume they'll attempt to discretely live stream/record it.

For anyone reading who might be considering this, it's a breathtakingly stupid idea. You want to really piss off a judge? Try and film in their courtroom without permission. Have fun spending some time in jail, re.tard. There's going to be audio available soon after, and we'll have any subsequent filings as well.

 

[Salubrious]

Let me also state that the actual court proceedings will probably be boring. Someone already said it today: DarkSydePhil isn't going to court; Phil Burnell is going to court and Phil Burnell is a boring coward who wouldn't dare talk shit to a judge.

You want gold dust? Wait until the first prestream afterwards where he gives his own spin on what's happening. Especially if something gets thrown out or the judge reads him the riot act. THAT will be good times for all.

 

[Canadian Tire]

With the bankruptcy hearing coming up, do we still have confirmation that someone from the Farms is gonna show up? Null mentioned in the Rekita stream that someone had volunteered, I assume they'll attempt to discretely live stream/record it.

Can you imagine the court session going on, but there's just a guy with a "Get a Job DSP" sign sitting in the corner.

 

[SaidNoOneEver]

Can you imagine the court session going on, but there's just a guy with a "Get a Job DSP" sign sitting in the corner.

This guy needs to be there:

 

[tzgnilki]

For anyone reading who might be considering this, it's a breathtakingly stupid idea. You want to really piss off a judge? Try and film in their courtroom without permission. Have fun spending some time in jail, re.tard. There's going to be audio available soon after, and we'll have any subsequent filings as well.

I doubt anyone will try to film dsp, and if they do

dsp coming and going will be the best case scenario and maybe approaching him outside and see him get triggered

the audio recording will be where the gold is at

 

[Salubrious]

I doubt anyone will try to film dsp, and if they do

dsp coming and going will be the best case scenario and maybe approaching him outside and see him get triggered

the audio recording will be where the gold is at

Please also remember not to give DSP ammo. If "a detractor" approaches DSP outside the courthouse, DSP will just run away and then come back on stream and say that mentally-ill detractors are stalking and harrassing him.

This will not be nearly as funny as Jonathan Yaniv autistically waddling to and punching that reporter a few weeks back, screaming to leave him alone while he himself was chasing the reporter.

 

[kiwirevolving]

Sucks we'll be only getting audio.

Hope we'll at least get to know from whoever is going there to record if Dave kept rocking back and forth and t-posed when talking to the judge.

 

[Schrödinger's Kat]

DarkSydePhil isn't going to court; Phil Burnell is going to court and Phil Burnell is a boring coward who wouldn't dare talk shit to a judge.

Exactly. Phil isn't going to try to defend himself at all. He's just going to take whatever he is given and waddle away. Any time he is confronted with his accusers he backs down. Phil only shit-talks when the conversation is entirely one-sided.

There will be lawyers and accountants in expensive suits asking him questions, and anything that doesn't fly with them, he'll just throw is attorney under the bus, and say he didn't understand the document and how to fill it out. He's not going to stand up, waving his hands around, yelling and try to prove he is a big, bad-ass, business owner and try to argue he is right and they are wrong, and they are morons that don't understand business and how being an adult works. No, DarkSydePhil will not be at the hearing.

Unless... unless he's fully pignosed himself into thinking he really is right and they are wrong. Now that would be interesting to see.

 

[Muppetmode]

Looks like Phil is planning on taking the 5th off. Wonder if he’ll use kat as a excuse

 

[tzgnilki]

Looks like Phil is planning on taking the 5th off. Wonder if he’ll use kat as a excuse

is this just me being bad at math, or confused with time zones

but wouldn't this mean he's streaming Weds - Weds, plus Thursday? 8 days? but his court date is on Thursday

edit: just me bad a math sorry, atleast we know there might not be a stay-cation

 

[DarkSoulsPhil]

I don't think he could've gotten a HELOC with his credt and current debt-load situation. He could sell it and solve most of his problems but he doesn't want to. It's going to be pathetic when the bankruptcy court orders it sold anyway and the only difference then is that his credit will be destroyed and all his other possessions will also be gone.

Selling the WA condo would give him minimum $125k cash in his pocket, probably closer to $175k. He could pay his entire credit card debt, past taxes+penalties along with a huge chunk of the CT condo deficit while still having enough leftover for a few months rent in a small place to start over. With the streaming revenue he claims on the bankruptcy filing he'd be back on his feet with enough for a down-payment on a new comparable house in 6-9 months. Problems solved. He would still have all the credit cards but with zero owed on any of them.

Instead he files for Ch. 7 bankruptcy where they're going to sell ALL his shit, giving him a max $125k cash payout - then leaving him with no credit and unable to finance anything for the next decade while still owing all the back taxes. It makes absolutely no sense whatsoever.

See, you need to think like the pigroach. What is easier?

1. All that shit, or
2. Bankruptcy, let them sort it out

Path of least resistance

 

[Prince Lotor]

is this just me being bad at math, or confused with time zones

but wouldn't this mean he's streaming Weds - Weds, plus Thursday? 8 days? but his court date is on Thursday

edit: just me bad a math sorry

Wednesday to Wednesday including both Wednesdays is 8 days. I counted it out on my fingers

 

[tzgnilki]

Wednesday to Wednesday including both Wednesdays is 8 days. I counted it out on my fingers

yeah i'm exceptional

 

[PonelessBizza]

With the bankruptcy hearing coming up, do we still have confirmation that someone from the Farms is gonna show up? Null mentioned in the Rekita stream that someone had volunteered, I assume they'll attempt to discretely live stream/record it.

I hope so. Would be interesting to watch

 

[Mr.PiggyOinkOinkOink]

I love how casually he announced 8 days straight of streaming like we wouldn’t all know instantly what his next day off falls on, is he really just gonna try and keep this outta site outta mind....

 

[DarkSoulsPhil]

I love how casually he announced 8 days straight of streaming like we wouldn’t all know instantly what his next day off falls on, is he really just gonna try and keep this outta site outta mind....

For a guy who doesnt like to try, he sure as fuck tries hard sometimes

 

[Dumpster dived waifu]

I just want someone to show up at the hearing so we can get a written account of DSPs appearance and mannerisms during the hearing, and the overall mood of the proceedings. It's difficult to read emotion/context in court recordings.