[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

[ProvenWrong]

@SoapQueen1's I just read your whole scenario(s) of what could happen going down this bankruptcy route - Which route do you think is more likely of him taking ? Take control - No strategy - Do nothing ?

In my opinion - Option 1 is a LOOOONG shot and seems like the best case scenario, which 9/10 doesn't always happen. Option 2 - seems the most likely to happen and could benefit him - but I still have my doubts on that. Option 3 - If that happens he is fucked in all ways and I'd highly wager that could happen as well.

My money is on Option 2 or 3.

 

[Tanner Glass]

I suggested he play Monopoly for obvious reasons.

The bank takes the property and money of bankrupt players. Practice for real life.

It would only be practice for real life if Phil started $500,000 in the hole compared to the other players, though.

 

[PutridElephant]

Phil has reiterated there is zero chance of him losing the house.

That is all.

 

[Kheapathic]

During the pre-stream, he's flexing about how he's not losing his house. He's so certain of it it's "one of the last things he thinks about." Because he's worried about other stuff.

 

[Zappin’ And Spazzin’]

Remember that time someone called him out on banning people in his chat for saying “bankruptcy”, and then he responded that “just because something’s a detractor meme, doesn’t mean it’s not true?”
I remember

 

[Comma]

Phil has reiterated there is zero chance of him losing the house.

That is all.

Clipped for archival purposes:

Remember: this is the same man who is adamant that going out for dinner costs as much as a home-cooked meal.

 

[actually]

It would only be practice for real life if Phil started $500,000 in the hole compared to the other players, though.

Close. He needs to draw a chance card that gives him $500,000, piss that all away on houses on useless property (statues), THEN take a mortgage out to buy one of the more useless expensive properties instead of selling previous purchases off.

During the pre-stream, he's flexing about how he's not losing his house. He's so certain of it it's "one of the last things he thinks about." Because he's worried about other stuff.

He's way too confident in it, but it's probably the case, in spite of all his bullshit. More likely (right @AnOminous and @SoapQueen1?) is that he gets converted to a Chapter 13 or something, which is going to be hell for him. And if (when) he fucks that up and is no longer shielded from his creditors, that'll be the real fireworks show.

 

[74 Screaming Armadillos]

Seems a lot like he's trying to convince himself more than anything.

 

[lavrentiyberia]

That always blows my mind. I can’t imagine giving someone money, and instead of saying thank you they explain how technically I shortchanged them because twitch takes a cut here, and paypal takes some out here, and don’t forget taxes.... imagine if you gave a homeless beggar some cash, and he complained that you didn’t give him any change to account for sales tax. The audacity of this man is unbelievable.

And it's not even a necessary fee, he refuses to turn on the micropayments service on his paypal account which would lower it to around 10¢ per dollar.

 

[break these cuffs]

And it's not even a necessary fee, he refuses to turn on the micropayments service on his paypal account which would lower it to around 10¢ per dollar.

Hasn't he? I believe Phil would do everything to minimize his fees and then lie about it. The X factor is his laziness and I guess how much it would cut into gacha time.

 

[lavrentiyberia]

Hasn't he? I believe Phil would do everything to minimize his fees and then lie about it. The X factor is his laziness and I guess how much it would cut into gacha time.

You're right, he very well could have. But it seems to me there were two competing theories of Dave's finances up until the bankruptcy: 1.) he really is that stupid/lazy, 2.) his pretending to be stupid/lazy is an additional layer to his scamming. When forced to tell the truth about it, all of the real answers are falling in line with theory #1.

 

[King Daddy Telomerase]

Phil has reiterated there is zero chance of him losing the house.

That is all.

He said there's no chance of him losing the house "at this point" numerous times. Therefore, since he'll be living in the house for a week, we're all mentally ill detractors making up shit. You need to use that pig logic which removes any possibility of Phil being wrong.

 

[Freshtodeath]

He might not lose his house but he's got to know that its more than a non zero chance he could. His narcassitic brain can't comprehend the fact that things could go a way he doesn't want. Is this bankruptcy mill bitch going to accompany him to the court or will one of her lackeys do it?

 

[gettingthatgrooveback]

Phil has reiterated there is zero chance of him losing the house.

That is all.

I don't fucking get it. What the fuck is going on in this guy's head?
I re-watched this great video yesterday. In the past, he associated bankruptcy with selling his house.

DarkSydePhil - The Road to Bankruptcy

We go from the present to the past to the point of origin of Phil's bankruptcy saga.

www.youtube.com

 

[Freshtodeath]

MidFirst Bank sues man in Idaho for $14M

MAY 30, 2020 - MidFirst Bank has sued an Idaho businessman for more than $14 million, the amount his companies borrowed from the Oklahoma City bank before filing for bankruptcy in November and being accused of securities fraud by Idaho authorities.The lawsuit, filed Wednesday in U.S. District...

oklahoman.com

 

[subtleT]

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Remember: this is the same man who is adamant that going out for dinner costs as much as a home-cooked meal.

So wait, the house has been at risk for all these years, but now that he is filing for bankruptcy the house isn't at risk? okay, Phil.

Just the amount of smugness alone deserves an apocalyptic amount of poetic justice. All those years of "Save the House" victim rants and beg-a-thons is now rhetoric of trolls and idiots. Just incredible.

 

[The Penultimate Warrior]

You're right, he very well could have. But it seems to me there were two competing theories of Dave's finances up until the bankruptcy: 1.) he really is that stupid/lazy, 2.) his pretending to be stupid/lazy is an additional layer to his scamming. When forced to tell the truth about it, all of the real answers are falling in line with theory #1.

We're talking about a man who ate noodles with a spoon and pours bacon grease down the toilet. It could only ever be option 1.

 

[James Smith]

I just read your whole scenario(s) of what could happen going down this bankruptcy route - Which route do you think is more likely of him taking ?

I think a creditor or the trustee dives into his business expenses and realizes they're inflated by a power of 10, his bankruptcy gets converted to Chapter 13, and he hates his life for the next 5 years because a lot of his luxuries will go away.

 

[tomstone]

chapter13 is paying of you all of the debt in monthly rates?

 

[RavingMage]

chapter13 is paying of you all of the debt in monthly rates?

Essentially yeah, but it is actually the more preferable of the two. Not only does it drop off sooner from your credit report, you don't have to sell your assets in the same way. Phil does have the right to certain exemptions, or things that can't be taken, but he needed to declare them in his initial bankruptcy filing. There is a section on there for what you are claiming.

I think a creditor or the trustee dives into his business expenses and realizes they're inflated by a power of 10, his bankruptcy gets converted to Chapter 13, and he hates his life for the next 5 years because a lot of his luxuries will go away.

No. More than likely it will be dismissed, he may be charged, and barred from filing for bankruptcy. I'm not sure if he would be able to even file for a different chapter of bankruptcy if the first gets dismissed. I don't think that is allowed.