[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]

Remember, Raquel is not representing him in this.

he has 3 weeks to prepare for this, which we all know it'll be panic mode until then

corona shutdown, 341 meeting, relief from stay hearing

if he wasn't stressed out before, he will be now

 

[King Daddy Telomerase]

And to think, this could probably have been avoided if Phil didn't skip out on March 5.

Looks like it. This basically proves Phil just fucked up and didn't want to go on March 5 since things are getting worse. Phil really showed us detractors with his tweet when he was supposed to be in court.

 

[AnOminous]

Oh. That's not good.

I just opened the thread before the documents were posted and thought they only wanted to protect their interests in the property.

Can the creditors of his unsecured debt also make similar petitions?

They can but they probably won't since it probably won't do them any good anyway. Of course they might have other ideas about that. Anyway I think they're more likely to just move to dismiss the case and/or get Phil to "voluntarily" convert to Chapter 13.

corona shutdown, 341 meeting, relief from stay hearing

They'll probably hold the hearing telephonically.

if he wasn't stressed out before, he will be now

 

[hidden_is_back]

I wonder if Timothy Dore is going to get a gifted sub during the minecraft stream like Lance Olsen did.

 

[actually]

Not unexpected turn of events. If Phil could pigroach out of a deficiency, this could get the Conndo out of his name so he wouldn’t be accruing HOA fees and taxes each month. But Midfirst’s gonna come after him because they’re hardcore detractors.

@AnOminous, @Beetus Knuckles, and @SoapQueen1, could we get a quick summary of what this means for the laypeople (myself included)? It sounds like, based on what's been posted that:

1) MidFirst didn't take kindly to Phil's skipping the meeting and is trying to get their money.
2) MidFirst is pursuing this action specifically to try and file a deficiency for ~$50,000, based on the difference between the current loan balance and their appraised value of the CT Condo.
3) This action is what may have caused Phil to ramp up the begging hard in recent days.

Now, what would you think is the most likely outcome of the motion that MidFirst has filed? Will it be ruled on before the next creditor meeting, or will Lance (or an associate) roll into the meeting (over the phone or whatever) and verbally cut Phil's nutritionally-deficient chicken legs out from under him? If the judge allows the motion, how does it affect the rest of the bankruptcy?

Edit for more questions: 1) Think we'll get a REEEEEEmergency fundraiser? 2) Will MidFirst get to subpoena Phil's spending records for the time since he filed for bankruptcy to try and show that he's got plenty of income that he's still pissing away?

 

[DukeMorty]

They can but they probably won't since it probably won't do them any good anyway. Of course they might have other ideas about that. Anyway I think they're more likely to just move to dismiss the case and/or get Phil to "voluntarily" convert to Chapter 13.



They'll probably hold the hearing telephonically.

I think most places with confirmed cases of COVID-19 are doing phone call meetings for courts. Actually i have a buddy who had his court appearance with the Bankruptcy Court in Florida be a phone meeting due to the virus.
Holy shit Pigroach can do a stream of his phone meeting with the court, and make bank or just be humiliated by the trustee asking why his dumbass has 5k in expenses for playing vidya games.

Either way this saga has been interesting.

 

[tomstone]

They'll probably hold the hearing telephonically.

thats not how real businessmen like philbert do stuff. they should do it via email.

 

[AnOminous]

2) MidFirst is pursuing this action specifically to try and file a deficiency for ~$50,000, based on the difference between the current loan balance and their appraised value of the CT Condo.

I'm going for this. They specifically cite the deficiency between the value of the security interest and the underlying debt as good cause for lifting the stay.

 

[PutridElephant]

I'm going for this. They specifically cite the deficiency between the value of the security interest and the underlying debt as good cause for lifting the stay.

Housing market will crash with all the vacant houses coming up in a month or two.

 

[N0thingICanDo]

Just noticed that the court date for the relief of automatic stay is April 10th which is the same day FF7 Remake Releases. You think Phil is gonna lose his shit that he has to lose out on Day 1 views if he has to show up?

It's also the day after his birthday, so im sure he has every reason to push for another $2000 tip goal for dummies to celebrate this pathetic man's 38th birthday

 

[Salubrious]

Ain't nobody more gangsta than the bank.

2:55

 

[actually]

I'm going for this. They specifically cite the deficiency between the value of the security interest and the underlying debt as good cause for lifting the stay.

View attachment 1191282

I know this motion is decided by the judge, but does the trustee have any influence here? Like, could she tell the judge "I'm looking at this guy's stuff, and none of it adds up. I think he's full of shit" and push the judge toward granting the motion?

 

[hidden_is_back]

It's also the day after his birthday, so im sure he has every reason to push for another $2000 tip goal for dummies to celebrate this pathetic man's 38th birthday

I believe April 10th is DSP's wedding anniversary.

Phil on Instagram: “Surprise! We got married! It was a tiny ceremony and my suit is 10 years old but we are so happy! Full story coming this weekend!”

1,007 Likes, 405 Comments - Phil (@theycallmedsp) on Instagram: “Surprise! We got married! It was a tiny ceremony and my suit is 10 years old but we are so happy!…”

www.instagram.com

What a wedding anniversary this is going to be for DSP. This is going to be on his birthday week and his wedding anniversary.

 

[AnOminous]

I know this motion is decided by the judge, but does the trustee have any influence here? Like, could she tell the judge "I'm looking at this guy's stuff, and none of it adds up. I think he's full of shit" and push the judge toward granting the motion?

The trustee and the debtor are the respondents. I have no idea what the trustee will do.

 

[Salubrious]

What a wedding anniversary this is going to be for DSP. This is going to be on his birthday week and his wedding anniversary.

How much do you want to bet his actual fans are going to wish him a Happy Anniversary and DSP will ban them all and go on a salty rant saying it's none of their business or a detractor meme?

 

[tzgnilki]

I bet he was flexing like a millionaire during his wedding holiday, with the emerald7 money, $5k from his parents, plus extra tax money from begging

a year later and it's a completely different picture

 

[Colloid]

Hypothetically speaking since the US economy is ready to go tits up thanks to the beer virus pandemic/Saudi-Russia oil war wombo combo, wouldn't it be in Phil's best interest to sell the WAcondo ASAP before it decreases in value along with the rest of the housing market in order to quash as much debt as possible? (since less money moving around means less people who can afford a high mortgage/rent, and thus landlords/homeowners are forced to charge less for property just to liquidate it efficiently) Sorry if this question's too simple-minded, econ was my weakness in school.

 

[JohnnyBoi]

he has 3 weeks to prepare for this, which we all know it'll be panic mode until then

corona shutdown, 341 meeting, relief from stay hearing

if he wasn't stressed out before, he will be now

I don't believe one moment he's prepared or going to prepare.
He's going to wing it and see what happens.

 

[eggsandwich]

Wow! Happy anniversary and birthday Phil! Looking forward to his big 4/10 celebration stream. Heck, I might even watch him with adblock off...he'll need all those pennies!

Ummm, I'm wondering what is the consequences if he dosen't show up on 4/10?? He didnt show up the last one in CT. I don't think he'd want to show up for this either.....

 

[lavrentiyberia]

Hypothetically speaking since the US economy is ready to go tits up thanks to the beer virus pandemic/Saudi-Russia oil war wombo combo, wouldn't it be in Phil's best interest to sell the WAcondo ASAP before it decreases in value along with the rest of the housing market in order to quash as much debt as possible? (since less money moving around means less people who can afford a high mortgage/rent, and thus landlords/homeowners are forced to charge less for property just to liquidate it efficiently) Sorry if this question's too simple-minded, econ was my weakness in school.

Of course it is, it always has been, his house value is apart of a massive bubble about to explode. But Dave acting in his own best interests is here not even on the table.