[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

[AnOminous]

Quick question: For those more experienced in this subject. Does the amount Phil owes makes things move much faster than other cases? Like I understand 50,000 being a kinda slow with the creditors, but 500,000 dollars in debt theyd on him like flys on shit to get their money.

If anything there's more to adjudicate. In your usual bankruptcy with some totally broke guy with no income or minimal income, there's very little to fight over. It just gets approved rapidly so long as nobody fucked up too much.

 

[Arrakis Sandworm]

Hi all, I have lurked the farms for years. Still not wise to the culture or lingo, but I spend far too much time here to not join. Seems to fit my particular form of autism. I'm often MOTI.

I wanted to talk about what we should expect from DSP's court date on Thursday. Correct me if I am wrong, (I only did a cursory review) but I think some of you might be temporarily disappointed by the initial reaction. My understanding that Meetings of Creditors are only 5-10 mins. That's why there are 12 people scheduled for 1 hour. The Trustee establishes that "Yes, this is the dood we're going to be fucking" and ask very standard, routine questions. There will be no time for an in-depth discussion. The Trustee will more than likely drill him on how many and what sources DSP used to establish the value of the WAKhando. If DSP has a lot of questions, or a Creditor shows up, and the meeting exceeds 10 mins a follow-up meeting will be scheduled to ensure all parties sufficiently (and legally) informed.

The way it sounds, even if the Trustee sees massive red flags, she will not confront him at the time of the meeting. She'll smile to his face, not out of kindness, but at the raw hubris and the knowledge of his coming ruin. After the meeting, the Trustee convenes with the Creditors and they have 60 days to challenge the information presented in DSP's appeal. I believe he will be challenged. Specifically on the value of his house. According the Ginsberg post, they are super autistic about that. His claimed monthly business expenses will most likely be challenged, as well.

I hope I am wrong. I'd hate to be a downer. If not, it just means we're waiting longer for results.

Good to be here (as a member).

 

[Paranoia Machine]

Hi all, I have lurked the farms for years. Still not wise to the culture or lingo, but I spend far too much time here to not join. Seems to fit my particular form of autism. I'm often MOTI.

I wanted to talk about what we should expect from DSP's court date on Thursday. Correct me if I am wrong, (I only did a cursory review) but I think some of you might be temporarily disappointed by the initial reaction. My understanding that Meetings of Creditors are only 5-10 mins. That's why there are 12 people scheduled for 1 hour. The Trustee establishes that "Yes, this is the dood we're going to be fucking" and ask very standard, routine questions. There will be no time for an in-depth discussion. The Trustee will more than likely drill him on how many and what sources DSP used to establish the value of the WAKhando. If DSP has a lot of questions, or a Creditor shows up, and the meeting exceeds 10 mins a follow-up meeting will be scheduled to ensure all parties sufficiently (and legally) informed.

The way it sounds, even if the Trustee sees massive red flags, she will not confront him at the time of the meeting. She'll smile to his face, not out of kindness, but at the raw hubris and the knowledge of his coming ruin. After the meeting, the Trustee convenes with the Creditors and they have 60 days to challenge the information presented in DSP's appeal. I believe he will be challenged. Specifically on the value of his house. According the Ginsberg post, they are super autistic about that. His claimed monthly business expenses will most likely be challenged, as well.

I hope I am wrong. I'd hate to be a downer. If not, it just means we're waiting longer for results.

Good to be here (as a member).

This seems plausible enough. It's more realistic than what most were expecting yet still opens us up for the possibility of more. It was never going to be the sudden monetary smackdown that I think some of us wanted to be; but there is still time for this to evolve. This is a slow roast. But in the end it will hopefully be worth it.

Welcome to the farms. Remain more level headed than the cows and I'm sure you'll get along just fine.

 

[MarilynMonster]

Yeah, nothing juicy is going to come out o this meeting unless dave acts like an idiot. I would imagine he will even be in good spirits afterwards because he will think everything is going great. The shit won't hit the fan until the trustee really sits down with his paperwork, and the trustee will probably be very interested in dave's case because he has a 400+k piece of property, so I doubt he's getting rubber stamped. I also believe the 60k a year in business expenses will be a huge red flag, and just the fact that he is self employed should cause extra scrutiny. The fact that he makes over 100k a year should also cause extra scrutiny. Form what I understand they will probably also look at his bank and cc records to see what he spent the money on. My wager is that his bankruptcy won't be approved. Who knows how harshly they will view the shit show that is his bankruptcy filing? Will they think he's an idiot or will they think he's trying to get one over on them?

I would also wager that we have researched bankruptcies more than dave did.

 

[GoutfootHorseface]

Hi all, I have lurked the farms for years. Still not wise to the culture or lingo, but I spend far too much time here to not join. Seems to fit my particular form of autism. I'm often MOTI.

I wanted to talk about what we should expect from DSP's court date on Thursday. Correct me if I am wrong, (I only did a cursory review) but I think some of you might be temporarily disappointed by the initial reaction. My understanding that Meetings of Creditors are only 5-10 mins. That's why there are 12 people scheduled for 1 hour. The Trustee establishes that "Yes, this is the dood we're going to be fucking" and ask very standard, routine questions. There will be no time for an in-depth discussion. The Trustee will more than likely drill him on how many and what sources DSP used to establish the value of the WAKhando. If DSP has a lot of questions, or a Creditor shows up, and the meeting exceeds 10 mins a follow-up meeting will be scheduled to ensure all parties sufficiently (and legally) informed.

The way it sounds, even if the Trustee sees massive red flags, she will not confront him at the time of the meeting. She'll smile to his face, not out of kindness, but at the raw hubris and the knowledge of his coming ruin. After the meeting, the Trustee convenes with the Creditors and they have 60 days to challenge the information presented in DSP's appeal. I believe he will be challenged. Specifically on the value of his house. According the Ginsberg post, they are super autistic about that. His claimed monthly business expenses will most likely be challenged, as well.

I hope I am wrong. I'd hate to be a downer. If not, it just means we're waiting longer for results.

Good to be here (as a member).

I think this could be the best arc, just imagine his fat smug face on stream the day after thinking everything is a-ok "everything is fine i'm not losing my house, anyone who said that is a brain dead fucking loser and you should only listen to me, by the way just matter of factly tips help me the most right now so.. **SNorT, the trustee was a huge fan of mine and Kat (thumb to the door) agrees with me *snake laugh*" only to have this fragile veneer of safety utterly shattered 60 days later when they start asking for receipts.
If this is how it plays out we can all look forward to weeks of salty goodness as his previous smugness is used against him as they carry his gouty fat butt out of the snort fort atop his crumbling love seat.

 

[tzgnilki]

I think dsp is the first streamer to go bankrupt

 

[Wurstbrot]

I think dsp is the first streamer to go bankrupt

While making over $100k a year.
Only DSP quality can guarantee you that.

 

[Nurse Ratchet]

Imagine if his lawyer advises him to go to court looking poor for pity points. Just jeans and his grey T-shirt.

It's a win-win on Thursday assuming we get *some* picture. Either gamer Phil, or Phil in a suit, shaved and as shiny as he (his wife) could make himself look, or some odd mix.

God no please god dammit don't anyone going there be a faggot & try to take pictures of him. In or out of the courthouse. If you make him able to zero in on an actual person who's there to cow-watch, he's not going to be shitting his panties quite as hard, thinking it's literally every human being within a 5-mile radius. And the more nervous & paranoid he is, the more erratically he'll behave.

Do not fuck this up for me. [Insert navy seals copypasta here].

 

[tzgnilki]

God no please god dammit don't anyone going there be a faggot & try to take pictures of him. In or out of the courthouse. If you make him able to zero in on an actual person who's there to cow-watch, he's not going to be shitting his panties quite as hard, thinking it's literally every human being within a 5-mile radius. And the more nervous & paranoid he is, the more erratically he'll behave.

Do not fuck this up for me. [Insert navy seals copypasta here].

those drunken peasents retards will probably be stupid enough to be there

 

[L.I.M.B. Commander]

I would like to call this coming Thursday the calm before the storm....man the writers are going all out this season....

 

[ProvenWrong]

God no please god dammit don't anyone going there be a faggot & try to take pictures of him. In or out of the courthouse. If you make him able to zero in on an actual person who's there to cow-watch, he's not going to be shitting his panties quite as hard, thinking it's literally every human being within a 5-mile radius. And the more nervous & paranoid he is, the more erratically he'll behave.

Do not fuck this up for me. [Insert navy seals copypasta here].

As much as I agree with you, I think he already will think like that - the minute he walks into that courtroom he is already scoping out for anyone who looks oddly suspicious.

"GUYS I KNEW THERE WERE SOME PEOPLE FROM THE FARMS THERE OR SOME OF MY DETRACTORS FROM YT ACKACKACK - I DIDN'T LET THAT BOTHER ME I STOOD TALL AND TOLD THE JUDGE THE TRUTH TO THE QUESTIONS AND WALKED OUT THE ROOM LIKE A BOSS. THE DETRACTORS WERE SHAKING IN THEIR BOOTS ACKACK *bottle crunch, finger sniff, snort*"
Reality: Phil is quiet - answers yes sir/ma'am - wobbles out of there leaning side to side like a low-rider then goes home to brag.

 

[Wurstbrot]

As much as I agree with you, I think he already will think like that - the minute he walks into that courtroom he is already scoping out for anyone who looks oddly suspicious.

"GUYS I KNEW THERE WERE SOME PEOPLE FROM THE FARMS THERE OR SOME OF MY DETRACTORS FROM YT ACKACKACK - I DIDN'T LET THAT BOTHER ME I STOOD TALL AND TOLD THE JUDGE THE TRUTH TO THE QUESTIONS AND WALKED OUT THE ROOM LIKE A BOSS. THE DETRACTORS WERE SHAKING IN THEIR BOOTS ACKACK *bottle crunch, finger sniff, snort*"
Reality: Phil is quiet - answers yes sir/ma'am - wobbles out of there leaning side to side like a low-rider then goes home to brag.

I hope it turns out like the vacation in April 2019, the secret marriage month. Phil dared everyone to break into his house cuz the neighbors are watching, safety system activated, snipers on the roof, Swat helicopter taking rounds, impenetrable fortress gate (yes he owned Jasper in secret). Then we went all fake on how we break into his house, redesign his office, clean the carpets, open the windows for a change, clean his desktop, hide into bushes and trees and call back our special spionage ninja teams; of course absolutely nothing happened during his time off. Good autistic times.

Like of couurse we'll stalk him in the courtroom, wink wink. Cameras are all set, secret secondary microphones prepared, undercover kiwis are already casually walking at the court house looking like normal citizens (but you can identify them when they pull their iPhones, they alarm us of his actions of course).

 

[the khat quaffer]

I would also wager that we have researched bankruptcies more than dave did.

I said as much after about 20 pages after just a month into this thread: There has been more discussion about Phil's finances just within the first three pages of this thread than has ever taken place in Phil's own head in all his years suckling at the trough of life.

(And that was before the op was updated.)

 

[Richard Harrow]

I hope it turns out like the vacation in April 2019, the secret marriage month. Phil dared everyone to break into his house cuz the neighbors are watching, safety system activated, snipers on the roof, Swat helicopter taking rounds, impenetrable fortress gate (yes he owned Jasper in secret). Then we went all fake on how we break into his house, redesign his office, clean the carpets, open the windows for a change, clean his desktop, hide into bushes and trees and call back our special spionage ninja teams; of course absolutely nothing happened during his time off. Good autistic times.

Like of couurse we'll stalk him in the courtroom, wink wink. Cameras are all set, secret secondary microphones prepared, undercover kiwis are already casually walking at the court house looking like normal citizens (but you can identify them when they pull their iPhones, they alarm us of his actions of course).

The judge, the trustee, his lawyer: All undercover kiwis which colluded to provide us with all the fine details of the proceedings. This is clearly a detractor conspiracy to destroy his 'legacy.'

Edit: And Jasper agrees.

 

[King Daddy Telomerase]

I would also wager that we have researched bankruptcies more than dave did.

Very likely. Rochelle Shuffield that he hired is the cheapest I could find in his area and her office is next to the plaza where we suspect Katherine used to work at Kohl's. And judging by Phil's spending lately, he's not taking this seriously at all. Yet...

 

[Chad Nasty]

"Mr. Burnell, according to this kiwifarms thread, you don't qualify for chapter 7 bankrupcty."

 

[Nypical Haterade Comment]

This has probably been explained somewhere in this thread, but what exactly happens if the court denies his claim for bankruptcy? Does his stuff get taken anyway?

 

[DiabeticSP]

Doesn't the trustee get some kind of commission on fucking Phil raw for money?

My understanding is that the basic deadbeat cases they handwave because its not worth the time or effort, but when someone like Phil bumbles along its like blood in the water for easy country club fees.

 

[King Daddy Telomerase]

Doesn't the trustee get some kind of commission on fucking Phil raw for money?

My understanding is that the basic deadbeat cases they handwave because its not worth the time or effort, but when someone like Phil bumbles along its like blood in the water for easy country club fees.

Yes. This guy explains it well.

Trustees are lawyers. They are all Shlomo Shekelstein and Nancy can't wait to feast on Phil *rubs hands*.

 

[DarkScrubPhil]

Yes. This guy explains it well.

Trustees are lawyers. They are all Shlomo Shekelstein and Nancy can't wait to feast on Phil *rubs hands*.

They're getting that groove back and that vibe back. They're ready for fun stuff, and I hope all of us are too.