[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

[Leo Bonhart]

His financials, which he has tightly hid for years, using only obscure hand graphs to communicate earnings and losses, were publicly dumped, and even when riddled with apparent lies, were a pretty big smoking gun for his scamming and incompetence.

That was a fantastically well-written sentence, but you've omitted the fact these hand graphs were accompanied by vocalized approximations of a slide whistle.

 

[Iron Hamster]

Well, if the guy representing MidFirst is there, I'd expect a harder grilling. The wildcard is the trustee--will she come at him on Thursday, or will she do more digging, or will she not do anything at all? Only time will tell.

Imagine the MidFirst guy shows up with the clip of Fail saying they can fuck off. Not a good look.

We're almost there folks!

We need an artist to adapt Fail's head in there in the same style.

 

[LyteSydeByll]

Imagine the MidFirst guy shows up with the clip of Fail saying they can fuck off. Not a good look.

We need an artist to adapt Fail's head in there in the same style.

 

[der rademacher]

That's so reasonable I'm beginning to wonder if Phil won't accept anything short of unconditional surrender for his bankruptcy.

It as though every out is a lesser prize before the Mystery Box, and he is sure that mystery box is a boat.

In his case the boat'd better be a fucking 1,5 million $ yacht and not a lifeboat.

someone representing the creditor, he's from national bankruptcy services

they call themselves a "bankruptcy servicer", but idk if that means they are lawyers?

nbs website

View attachment 1201819

Well, in Suite 425 resides this company also :

http://buckleymadole.com/about-us

http://buckleymadole.com/solutions-services/bankruptcy-services

http://buckleymadole.com/solutions-services/foreclosure-related-litigation-services

Though I don't understand why a company based in Texas would be given the go to handle a case in Seattle - unless one of the creditors is based in Texas.

 

[kiwirevolving]

This might have been asked before, so, sorry in advance if so

Is there some way for Phil to use Kat to lie in his bankruptcy filing?

I know that his filing has nothing to do with Kat's assets, so I was wondering if Phil might have his PayPal under Kat's name, which is where he gets most of his income from.

 

[millais]

This might have been asked before, so, sorry in advance if so

Is there some way for Phil to use Kat to lie in his bankruptcy filing?

I know that his filing has nothing to do with Kat's assets, so I was wondering if Phil might have his PayPal under Kat's name, which is where he gets most of his income from.

He can try, but it's the oldest trick in the book to try to hide one's assets under the spouse's name. If he is subjected to any degree of scrutiny, as he most certainly will, Kat will be among the first things that gets looked into.

 

[BallBuster]

This might have been asked before, so, sorry in advance if so

Is there some way for Phil to use Kat to lie in his bankruptcy filing?

I know that his filing has nothing to do with Kat's assets, so I was wondering if Phil might have his PayPal under Kat's name, which is where he gets most of his income from.

That's fraud and the court would easily see through it especially if they look back 2 years to before she moved in, or even from before they got married.

 

[tzgnilki]

In his case the boat'd better be a fucking 1,5 million $ yacht and not a lifeboat.



Well, in Suite 425 resides this company also :

http://buckleymadole.com/about-us

http://buckleymadole.com/solutions-services/bankruptcy-services

http://buckleymadole.com/solutions-services/foreclosure-related-litigation-services

Though I don't understand why a company based in Texas would be given the go to handle a case in Seattle - unless one of the creditors is based in Texas.

I think it's just a mutual relationship, probably appointed by toyota head office

 

[Colloid]

This might have been asked before, so, sorry in advance if so

Is there some way for Phil to use Kat to lie in his bankruptcy filing?

I know that his filing has nothing to do with Kat's assets, so I was wondering if Phil might have his PayPal under Kat's name, which is where he gets most of his income from.

If he's actually doing something like this then he could seriously get jailed/fined out the ass for fraud. It's one thing to fudge numbers on an initial filing since you can still assume in good faith that the filer is just an idiot rather than actively trying to game the system. This distinction is especially blurry with a guy like Phil where it's usually hard to tell where the malice ends, the idiocy begins, and vice-versa. Meanwhile hiding assets in something like your wife's account or a Swiss bank account is so blatantly underhanded that there's no room for debate whether it's malicious or ignorant; the criminal intent is obvious.

 

[Anonymous Dimwit]

View attachment 1202409

Ah yes, Rich Uncle Phillybegs and his begging cup token bring back many a fun day for me.

 

[Iron Hamster]

Tick Tock Failbert! Less than 20 hours........

 

[King Daddy Telomerase]

If he's actually doing something like this then he could seriously get jailed/fined out the ass for fraud. It's one thing to fudge numbers on an initial filing since you can still assume in good faith that the filer is just an idiot rather than actively trying to game the system.

This is why I don't think we should immediately dismiss any chance that Phil sees jail time. Do we really think Phil is above trying shit like this? Or blatantly lying on his taxes? Anything is on the table with this clown.

 

[James Smith]

Dawn of the Final Day image, a second time.

 

[Authentic Sauce]

When Phil got this car he got a 72 month 0% APR contract, could this bankruptcy clause triggering now mean he owes the 6% back-interest on his car loan? Like he signed on for 72 months at 0% but if he fails to pay off his car loan in that time period he will owe a 6% interest rate from the whole loan, so if that's triggering now after 3 years would he owe like half of 6% interest on a car loan for $30K? Did the bankruptcy lose him the 0% interest rate on his car loan going forwards as well?

This is incorrect, the terms of the loan did not change. The original loan was at 6.14% and the reaffirmation did not change this.

There has been an awful lot of speculation about this reaffirmation agreement, this is all very normal and nothing to get excited about. We will probably see one for the WA condo as well, depending on how things unfold regarding the bankruptcy in general. The bank will want it because it keeps him on the hook for the debt. All these agreements do is both parties agree that the bankruptcy does not impact these particular debts, they are not discharged and all things regarding the loans will continue as normal and the debtor can be liable in the future if there is a deficiency

 

[GnomeofDoc]

Dawn of the Final Day image, a second time.

Dawn of the Final Day Redux Pt. 2 Director’s Cut.

 

[EmperorGoutatine]

How long do we have to wait until the call is made public?

 

[Prince Lotor]

This is incorrect, the terms of the loan did not change. The original loan was at 6.14% and the reaffirmation did not change this.

There has been an awful lot of speculation about this reaffirmation agreement, this is all very normal and nothing to get excited about. We will probably see one for the WA condo as well, depending on how things unfold regarding the bankruptcy in general. The bank will want it because it keeps him on the hook for the debt. All these agreements do is both parties agree that the bankruptcy does not impact these particular debts, they are not discharged and all things regarding the loans will continue as normal and the debtor can be liable in the future if there is a deficiency

So he's just lying here about qualifying for "0% financing for 72 months" and signing for "a good interest rate"? He went on and on about used car interest rates being shitty, is 6.14% a "good interest rate" on a car loan?
timestamp @ 19m30s

timestamp @ 23m30s

 

[break these cuffs]

This is why I don't think we should immediately dismiss any chance that Phil sees jail time. Do we really think Phil is above trying shit like this? Or blatantly lying on his taxes? Anything is on the table with this clown.

You really have to try to go to jail for shit like this as a small timer like Phil. We aren't talking about the CFO looting a failing company level of white collar crime here. I'm not saying it's impossible, but he's an absolute coward who I think will back down when the court gives him enough rope to hang himself.

 

[Martys_not_smarty]

How long do we have to wait until the call is made public?

Optimistically one business day, not so optimistic five business days or more depends on whether or not the court will give someone the raw feed or just a section of time.

 

[lavrentiyberia]

We should have tried to get one of the other 341's recordings from the 5th to test out how it works. When he skips tomorrow we can try it out.