[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

[Richard Harrow]

There's more than a whiff of bad faith already. I think they'd let him do this at least once, though, and possibly even more times. It's also possible he can't come up with a plausible Chapter 13 plan, though. It's hard to know what's exactly best for the creditors here, although I think it's pretty likely they'd prefer Chapter 13. Phil, though, might completely lose his shit if Chapter 7 turns out to require selling the kahndo.

Totally agree. So I got to talking with someone (guy I previously mentioned) and he had to fork up 2 cars and almost his truck <--- he had to prove it was for work but he got to keep his house. According to him, you won't find out what exactly you need to fork up until the very end of the process and then you can decide if you want to convert it to another chapter (which he said was an easy process). He was not eligible for Ch 13 because his income was too low and the payment plan would pretty much crush him in 2-3 months. The funny thing with Phil, he makes a shitload of money which is not something he's going to be able to hide. Unfortunately for us, we won't know what he has to fork up for quite sometime; just know, Phil keeping his WAcondo is NEVER a guarantee in ANY of these situations. Converting to chapter 13 might force him to sell (or shortsale) his home to manage payments.

 

[ditto]

If his home value goes down, it could go down enough it's exempt.

That quarantine facility might be enough to wipe out his equity for the short term.

 

[tzgnilki]

That quarantine facility might be enough to wipe out his equity for the short term.

two coronavirus holding facilities, one 15 minutes away and the other is 18 minutes away

but I don't think prices will drop too heavily in one month, there needs to be market activity for the value to be effected negatively or positively

 

[FalsePositive]

Pigroach luck will strike again as life hands him a new "nothing-I-could-do" by the name of Corona virus.

As many of you guys know?? 6 years ago in 2020?? The Corona virus made me sell muh house even though I did everything correct! *SNORT*

 

[ditto]

With DSP's luck the cure for coronavirus will probably be pulling a 4 star gold Hulk Hogan.

 

[Colloid]

You know your life’s fucked when a global pandemic temporarily shutting down society is considered a positive outcome albeit marginally so.

 

[the khat quaffer]

So we've established that the condo appreciating in value is bad for Phil. Conversely, if it depreciates, this would be in his favor(?).

So....Phil going room to room with a sledgehammer and breaking shit fuckin when? Maybe he could unleash a plague of locusts on the property or register as a sex offender because of his 'Incident'. He should go to the court and play that video for everyone to see and say 'yep, that's me! I beat my polish meat 24/7/364.25 on the internet for all to see, ESPECIALLY children. I'm THE GUY!'

Maybe during this temporary rescheduling he could build some giant elaborate aquatic shrine to hulk hogan (condo association be damned) out back, one that requires like constant maintenance and consumes five metric tons of water daily and be a literal light pollutant at night and a noise pollutant 24/7. Okay, I got that little bit from https://www.maxrealestateexposure.com/things-lower-homes-value/

(See 'Unusual Upgrades')

 

[Cuckoman]

What are the odds of Phil being a no-show for the next hearing too?
I mean, this time he didn't show up to the hearing and as far as he was concerned there was absolutely no consequences for it. He didn't have to deal with all this unplesant business and his life can just continue as business as usual.

"Why not do it again?" would be consistent with how his little pigbrain works.

 

[ZehnBoat]

What are the odds of Phil being a no-show for the next hearing too?
I mean, this time he didn't show up to the hearing and as far as he was concerned there was absolutely no consequences for it. He didn't have to deal with all this unplesant business and his life can just continue as business as usual.

"Why not do it again?" would be consistent with how his little pigbrain works.

the fact that phil didn't show tells me he's not as confident about the whole thing as he lets on
if he really thought bankruptcy is just a quick and easy out:
why did he not show?
why isn't he trying to get this done asap
hell, why didn't he go through this sooner?

 

[King Daddy Telomerase]

My theory is that Rochelle told him March 4th that she wasn't going to be there, which was also the day he did his 2nd bankruptcy course. She told him a stand-in would handle the hearing, she didn't need to be there, etc... Phil saw this as an opportunity for him to delay the hearing and he took it. Delaying bankruptcy is stupid, especially with his insane credit card debt collecting interest, but Phil doesn't care about that unlike every other person. He's only doing this to save his WAkhando, and he's successfully extended his automatic stay 3 weeks.

It's either something like that, or his file is so fucked that Rochelle needed more time or told Phil that creditor(s) are showing up and I wasn't paid to deal with this. But, I think Phil would be freaking out if this was the case.

 

[N0thingICanDo]

What are the odds of Phil being a no-show for the next hearing too?
I mean, this time he didn't show up to the hearing and as far as he was concerned there was absolutely no consequences for it. He didn't have to deal with all this unplesant business and his life can just continue as business as usual.

"Why not do it again?" would be consistent with how his little pigbrain works.

If he no shows again and they gave him another 2 weeks extention then the hearing will fall EXACTLY on his birthday

Let that sinks on you for a bit

 

[Prince Lotor]

In my thinking I keep leaning towards not having his 2019 Federal Taxes filed and the new payment agreement with the IRS being the reason he skipped his bankruptcy meeting, and the need for an extension, but his 2019 taxes really hold no bearing on a Chapter 7 discharge of his unsecured debts. The only way they would matter is if he is converting to a Chapter 13 repayment plan as his Federal back-tax payments would get rolled into that as priority debt.

Could he be trying to use his bankruptcy as a scapegoat for why he didn't pay his 2019 taxes? To try to get the IRS to rubber-stamp his 2019 tax filing and his request to roll them into a payment plan with his current payment plan for unpaid taxes?

 

[Schrödinger's Kat]

In my thinking I keep leaning towards not having his 2019 Federal Taxes filed and the new payment agreement with the IRS being the reason he skipped his bankruptcy meeting, and the need for an extension, but his 2019 taxes really hold no bearing on a Chapter 7 discharge of his unsecured debts.

You're probably right. I remember Phil mentioned he had two appointments on Thursday, without specifying what. One was the bankruptcy meeting, and the other was probably going to see his tax guy. We know he skipped the bankruptcy meeting, so I suspect he only went to finally drop off his income/expense details and gacha receipts to get his taxes filed.

I believe the 2019 taxes do have a bearing on his discharge. He'll need to prove his income in 2019 to get a discharge, and a tax return is like the minimum requirement. He'll also need bank statements. His attorney probably told him to get this done before the hearing, and being Phil, he failed to do it so he just decided to skip the meeting.

 

[King Daddy Telomerase]

If taxes are the reason for skipping the 341 meeting, then some blame has to go on Rochelle. She knows this idiot hasn't filed and paid his taxes for years. She should have made sure Phil was a big boy and did his taxes before filing or when she did that amendment.

 

[tzgnilki]

In my thinking I keep leaning towards not having his 2019 Federal Taxes filed and the new payment agreement with the IRS being the reason he skipped his bankruptcy meeting, and the need for an extension, but his 2019 taxes really hold no bearing on a Chapter 7 discharge of his unsecured debts. The only way they would matter is if he is converting to a Chapter 13 repayment plan as his Federal back-tax payments would get rolled into that as priority debt.

Could he be trying to use his bankruptcy as a scapegoat for why he didn't pay his 2019 taxes? To try to get the IRS to rubber-stamp his 2019 tax filing and his request to roll them into a payment plan with his current payment plan for unpaid taxes?

You're probably right. I remember Phil mentioned he had two appointments on Thursday, without specifying what. One was the bankruptcy meeting, and the other was probably going to see his tax guy. We know he skipped the bankruptcy meeting, so I suspect he only went to finally drop off his income/expense details and gacha receipts to get his taxes filed.

I believe the 2019 taxes do have a bearing on his discharge. He'll need to prove his income in 2019 to get a discharge, and a tax return is like the minimum requirement. He'll also need bank statements. His attorney probably told him to get this done before the hearing, and being Phil, he failed to do it so he just decided to skip the meeting.

I think he needs more time to make sure his taxes match the bullshit he put on the bankruptcy application

 

[Salubrious]

For all we know, DSP didn't go because he didn't feel like going that day.

This is clearly not a man that thinks about the long-term ramifications of his actions.

 

[JamFlowMan]

If taxes are the reason for skipping the 341 meeting, then some blame has to go on Rochelle. She knows this idiot hasn't filed and paid his taxes for years. She should have made sure Phil was a big boy and did his taxes before filing or when she did that amendment.

If she told Phil to get his taxes done in time for the meeting and he didn't do it that's on Phil. The meeting was on the books for weeks he had more then enough time. The guy is almost 40 to expect this woman to treat him like a teacher making sure a student does their homework is absurd.

It's one of the jokes people make most often about this situation. Reality is giving Phil a big kick in the teeth and there isn't a stream chat to take his hand and lead him through.

 

[L.I.M.B. Commander]

Had the chance to finally catch up in this thread.....love the twist; the writers are finally showing us what they are made of. On a serious note our favorite village idiot is going to lose so much. I will honestly laugh out loud if his chapter gets dismissed...

 

[Kermit the Frog]

Phil probably went on a pissbaby rant that Rochelle wasn't going to be there in person and decided not to show up to the meeting as a form of protest. Phil thought his measly $1,200 would get him special treatment and when it didn't he made it known he wasn't happy. It certainly wouldn't be the first time Phil has overreacted to not getting his way. IIRC she had other clients there that day and they didn't have a problem with the person sent in her place, it's just Phil being an entitled faggot. We know the other meetings that day happened and Phil's name was called, I don't think Phil's absence is something the court knew well in advance of. The courts aren't actively out to fuck people filing for bankruptcy over so an extension was granted. 3 more weeks should be way more than enough time to get his shit together, then again this is Phil so he could hold everything off until the last minute like he normally does.

 

[Banned in 49 States]

So....Phil going room to room with a sledgehammer

Hah! Imagine Phill lifting up anything he can't eat let alone a sledgehammer.