[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

[gin_nose]

One of the major issues that comes up is whether gambling debts were incurred in good faith. Malicious bankrupts will sometimes deliberately squander money just to fuck over the creditors and bankruptcy isn't meant to allow that.

I think you hit the nail on the head. I think phil thinks he doesnt have a gambling problem at all, he thinks he is doing this for two legit and good reasons (in his head)

A) to inflate his business expenses as much as possible to actually qualify. (I am curious, when did phil start spending big on wwe champions?? was it before he met Rochelle in October? my guess is he talked to a bankrupcy attorney maybe before Rochelle who told him he didnt qualify and he hasked how he can fix it and they said if your business expenses were higher that might work.

What makes A so hilarious is Dark could have used the cash to actually improve his streams by buying stuff like more games, better equipment, etc but instead he just wanted to squander it so he can get sweaty jpegs lmao.

B) now, he is still doing it because he doesnt want to give the creditors a dime of "HIS MONEY". How much is the exemption for cash? It cant be much, $500? $1500? Dark doesnt want to givfe this cash to the creditors so he continues to blow it on the jpegs and justify in his head that at least he gets to spend his tips and not the banks.

 

[Sparkletor 2.0]

Phil's WWE Champions addiction isn't gambling in any way, really. Yes, there's often a lootbox aspect, but he's just spending until he gets what he wants, and most importantly he knows he needs to spend roughly these amounts for what he wants, which has no value. I would definitely say it's more squandering money.

I remember when Phil was talking about buying lotto tickets once. He said something along the lines of how it's not really gambling because it's only a few bucks and statistically if he plays enough he will hit the jackpot and get millions.

I'm not sure of that is a sign of a gambling problem or just plain dumb.

 

[Chilson]

I remember when Phil was talking about buying lotto tickets once. He said something along the lines of how it's not really gambling because it's only a few bucks and statistically if he plays enough he will hit the jackpot and get millions.

I'm not sure of that is a sign of a gambling problem or just plain dumb.

Come you know the answer, its always both.

 

[Kosher Dill]

I am curious, when did phil start spending big on wwe champions?? was it before he met Rochelle in October? my guess is he talked to a bankrupcy attorney maybe before Rochelle who told him he didnt qualify and he hasked how he can fix it and they said if your business expenses were higher that might work.

You might be on to something here. From the "Faction Feud Results", here are TheyCallMeDSP's rankings in the events:

9/1: 473rd place
9/15: 216th place
9/28: 267th place
10/13: 77th place
10/27: 54th place
12/14: 45th place
12/28: 4th place

 

[gin_nose]

You might be on to something here. From the "Faction Feud Results", here are TheyCallMeDSP's rankings in the events:

9/1: 473rd place
9/15: 216th place
9/28: 267th place
10/13: 77th place
10/27: 54th place
12/14: 45th place
12/28: 4th place

Wow i didnt expect it to be THIS obvious! So it was rochelle who told him to inflate his expenses in October when he met her (or he figured it out from what she told him).

I dont think its a coincidence either that his biggest spending was 12/28 which was right before he filed the bankrupcy petition.

Again, remember that he could have spent that money on anything business related including real things to improve his "business" he decided to waste it. on zero jackpot slot pulls instead.

 

[actually]

Wow i didnt expect it to be THIS obvious! So it was rochelle who told him to inflate his expenses in October when he met her (or he figured it out from what she told him).

I dont think its a coincidence either that his biggest spending was 12/28 which was right before he filed the bankrupcy petition.

Again, remember that he could have spent that money on anything business related including real things to improve his "business" he decided to waste it. on zero jackpot slot pulls instead.

On the plus side, Nancy asked for the 6 months of PayPal statements, so if this actually happened, she's going to see the sudden uptick in Scopely purchases and be able to see that it correlates to his initial meeting with Rochelle.

 

[Kosher Dill]

On the plus side, Nancy asked for the 6 months of PayPal statements

B-but she usually doesn't!
I'm seriously starting to wonder if that was the plan. Rochelle says "Rack up some massive expenses for a couple months, Nancy usually only looks at the past month or two of statements."

 

[King Daddy Telomerase]

I still really doubt Rochelle would stick her neck out like this for Phil. But, pignosis has gotten others before her...

 

[This comment matters]

You might be on to something here. From the "Faction Feud Results", here are TheyCallMeDSP's rankings in the events:

9/1: 473rd place
9/15: 216th place
9/28: 267th place
10/13: 77th place
10/27: 54th place
12/14: 45th place
12/28: 4th place

No that account was massive well before that. That would be over 10k a month. Phil just likes sweaty wrassler men.

 

[AnOminous]

It's possible it's 10 business days, but we can watch for anything added tomorrow.

A deadline never falls on a Sunday nor a holiday. If it falls on a Sunday, it falls on the day afterwards which is neither a Sunday nor a holiday.

 

[Kosher Dill]

No that account was massive well before that. That would be over 10k a month. Phil just likes sweaty wrassler men.

Sure, but one would assume that the rest of the whale population has been spending at a more or less constant rate, right? I think it still means something to go from 200th Whale to 100th Whale.

 

[c-beams]

Nancy may have come through for us:

I checked the case in PACER. I'm not an expert in this stuff by any means. The last filing date says 03/31/2020, so I'm guessing the Apr 05 update someone mentioned may have been a status update. Did Phil initially file his Ch7 as a "No Asset" case? If the answer is yes, then the above means the trustee has decided that Phil is an asset case (reference).

If someone has a screenshot (or can find the above header) from one of the documents Phil initially filed, we should be able to compare and see if the status changed.

Definition of an asset case from alllaw.com:

Many Chapter 7 filers can keep all or most of their property—but not always. When a filer must give up property in Chapter 7, the case is an asset case. By contrast, in a no-asset Chapter 7 bankruptcy case, the debtor keeps all property, cash, and valuables.

It could also be that this status was set because Phil didn't fight MidFirst on foreclosure..again, not an expert.

EDIT: If we go back to the court docket, Phil filed as No Asset:

This means Phil's case was changed to an asset case.

 

[the khat quaffer]

Wow i didnt expect it to be THIS obvious! So it was rochelle who told him to inflate his expenses in October when he met her (or he figured it out from what she told him).

I dont think its a coincidence either that his biggest spending was 12/28 which was right before he filed the bankrupcy petition.

Again, remember that he could have spent that money on anything business related including real things to improve his "business" he decided to waste it. on zero jackpot slot pulls instead.

I refuse to believe Rochelle told Phil 'hey, if your business expenses were to be suddenly and justifiably really high, it could help your case.'

More than likely, Phil's peanut brain heard something along the lines of 'high business expenses would be a benefit in this case, but-' (and here's where Phil stopped listening).

He then went hog wild with the idea and began to spend heavily on WWE Champions, without Rochelle's knowledge. That's why he threw in the 'microtransactions' bit when speaking with Nancy. When's the lats time Phil even made a mtx in any livestreamed game? I pray with every ounce in my body that I'm wrong about this. Phil CANNOT be this stupid.

 

[Kosher Dill]

It's also possible that he just said "Well now that I'm going bankrupt I might as well just go nuts and spend as much as I want since all this spending will magically disappear".

 

[King Daddy Telomerase]

It's also possible that he just said "Well now that I'm going bankrupt I might as well just go nuts and spend as much as I want since all this spending will magically disappear".

If I'm remembering the timeline correctly... he stopped paying towards the CTkhando in April, during the summer were many Overdrawing Sagas maybe paying for marriage/Katherine shit (I'll never believe his parents paid for everything), and he noticeably cut back on his begging late Summer into Fall.

I think the likely answer is that Phil had an extra grand or two he could burn starting about October, which coincided with the bankruptcy starting not allowing him to use credit, and Phil went "fuck it". This is also why I'm hoping for Chapter 13 because he'll utilize the same self-control.

 

[c-beams]

If I'm remembering the timeline correctly... he stopped paying towards the CTkhando in April, during the summer were many Overdrawing Sagas maybe paying for marriage/Katherine shit (I'll never believe his parents paid for everything), and he noticeably cut back on his begging late Summer into Fall.

I think the likely answer is that Phil had an extra grand or two he could burn starting about October, which coincided with the bankruptcy starting not allowing him to use credit, and Phil went "fuck it". This is also why I'm hoping for Chapter 13 because he'll utilize the same self-control.

Not a lawyer by any stretch, but If my theory above is right, the trustee has already called bullshit on Phil's filing and has turned it into an asset case. A step towards Ch 13 at best, and complete dismissal at worst (for Phil).

 

[PutridElephant]

I refuse to believe Rochelle told Phil 'hey, if your business expenses were to be suddenly and justifiably really high, it could help your case.'

More than likely, Phil's peanut brain heard something along the lines of 'high business expenses would be a benefit in this case, but-' (and here's where Phil stopped listening).

He then went hog wild with the idea and began to spend heavily on WWE Champions, without Rochelle's knowledge. That's why he threw in the 'microtransactions' bit when speaking with Nancy. When's the lats time Phil even made a mtx in any livestreamed game? I pray with every ounce in my body that I'm wrong about this. Phil CANNOT be this stupid.

Rochelle could have said anything and Phil's brain would have twisted it into whatever he wanted to hear at any particular point in time.

 

[AnOminous]

This means Phil's case was changed to an asset case.

Phil is fucked. Also, I believe the docket entry itself may be what is necessary within 10 days. The further investigation can take longer.

20-10323-TWD Philip P Burnell
Case type: bk Chapter: 7 Asset: Yes Vol: v Judge: Timothy W. Dore
Date filed: 01/31/2020 Date of last filing: 03/31/2020

Pending Statuses

Status Begin
Date Time in
Status # Status Set By
Awaiting Action 03/31/2020 5 days Chapter 7 Trustees Initial Report
Awaiting Discharge 03/31/2020 5 days Chapter 7 Trustees Initial Report

 

[King Daddy Telomerase]

Phil is fucked. Also, I believe the docket entry itself may be what is necessary within 10 days. The further investigation can take longer.

From what I read, Nancy has 30 days to make her report and investigations can carry on after that.

 

[Royalty Free Fish Food]

Nancy may have come through for us:
View attachment 1216476

I checked the case in PACER. I'm not an expert in this stuff by any means. The last filing date says 03/31/2020, so I'm guessing the Apr 05 update someone mentioned may have been a status update. Did Phil initially file his Ch7 as a "No Asset" case? If the answer is yes, then the above means the trustee has decided that Phil is an asset case (reference).

If someone has a screenshot (or can find the above header) from one of the documents Phil initially filed, we should be able to compare and see if the status changed.

Definition of an asset case from alllaw.com:


It could also be that this status was set because Phil didn't fight MidFirst on foreclosure..again, not an expert.

EDIT: If we go back to the court docket, Phil filed as No Asset:
View attachment 1216487
View attachment 1216488

This means Phil's case was changed to an asset case.

So what does this mean for us tards in the audience?