[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

[BScCollateral]

Nobody involved in this wants Phil to lose his consoles. They want him streaming to pay off his debt.

Can't be stressed enough. I don't know why people think anyone involved in this wants DSP off the air.

 

[gh0stzero]

Can't be stressed enough. I don't know why people think anyone involved in this wants DSP off the air.

Your right the sentence for bankruptcy fraud needs to be higher than the juvenile/infant punishment of taking his consoles away.

 

[hector85]

To be fair he only needs the one Playstation 4, Switch and Xbox One. He really doesn't need more of each.
Because let's face it, Katherine plays his games, uses his consoles or even plays the same game at a different time.
I really just want Phil and Katherine to feel the full effect of a bankruptcy, just like anyone else.

he just needs a ps5 as its supposed to be backwards compatible. if he gets all his shit sold all he'd need to do is disappear for a few months then pop back up in his old bedroom in CT with a brand new ps5 courtesy of planet Jeff or bishop of mercy or whichever whale he has on sped dial dial behind the scenes.

he doesn't stream off the other consoles to really justify needing them, especially with how many games he skips.

 

[Kosher Dill]

Your right the sentence for bankruptcy fraud needs to be higher than the juvenile/infant punishment of taking his consoles away.

The primary concern here is going to be getting the creditors their money back, not punishing Phil to the maximum.

sped dial

I really hope this wasn't a typo, because it's brilliant

 

[actually]

Court listener says there was an update yesterday: Last Updated: April 5, 2020, 12:12 p.m. PDT

Anyone know why that would be?

The change in type of case from non-asset to asset.

 

[hector85]

The primary concern here is going to be getting the creditors their money back, not punishing Phil to the maximum.


I really hope this wasn't a typo, because it's brilliant

it was deliberate lol

 

[King Daddy Telomerase]

I just want Phil to lose the WAkhando. It's his crown jewel. It's everything he's been "busting his ass" for 11 years. It proves Phil is a big boy adult. It's all he has other than whaled out gacha accounts.

When it's gone, reality has to finally hit that pig brain. He's a pathetic loser, just like the wheelchairs he hates so much that throw quarters at him.

I don't care if he still streams or not after this. My guess is he still would for a while, although without the autistic firm adult schedule, and would gradually fade off into being a NEET and blowing his brains out.

 

[Honzou]

There's no way that Katherine doesn't have regrets already.

If this bankruptcy goes south (and it very much looks like it does) I fully expect the divorce to follow soon after. Stronger marriages have fallen apart over financial hardships and losing your home.

 

[der rademacher]

Angry streams where he's cursing his paypigs and demanding more money because the monthly Chapter 13 payment is due and duh tractors have had him kicked off Twitch or whatever, and he's wearing the black begging shirt and rocking back and forth in an autistic frenzy.

I am sure as long as he got his vest, everything will be fine.

 

[UncleTusky]

If a divorce saga ever happens, we'll only find out about it months after it already happened because that's when Phil decided to tell us about it

Never underestimate the power of autism. If they actually go to divorce court somebody on this board will find the docket number and schedule within minutes-not sure if you were around last November but we found the foreclosure suit against him literally the week (maybe even the day) it was filed.

Did Phil tell us about him breaking up with Leanna right away? I wasn't following the pig back then, but I think I remember vaguely that it took him a good while to decide to tell his fans wtf happened

We figured it out quickly but he took a few weeks-a month to admit to it. There was even a gag "Where's Leanna?" counter on some troll Twitter. Between his paranoia and Soulmare being on his streams much less than Leanna was I could see Kiwi taking longer to figure it out if she just bolts rather than going to court.

EDIT:

There's not a realistic scenario where Khet leaves him without his income tanking, so if the bankruptcy goes south it will be hard to figure out how much of his pathetic self-pity will be losing his maid-slave and how much will be from the judge's ruling.

 

[harbinger]

Further more she is a shit tier wife since her husband is half a million dollars in debt and she refuses to find a full time job to help, just so she can stay at home and play video games.

To be fair, neither will her husband.

 

[Balr0g]

The change in type of case from non-asset to asset.

So what does that mean for Phil specifically? I am not familiar with Us laws. Does that mean that the trustee will order an examination of Phil's house to check for "hidden" assetts? iI mean she knows now more or less how much money flows through his Paypal accounts (which should be a lot in total). And could they put a sticker on everything they deem as an sellabale assett and then liquidate it?

 

[Spacker]

...and would gradually fade off into being a NEET and blowing his brains out.

He hasn't got the balls to blow his brains out. It will be a slow, lingering descent into cirrhosis, multiple organ failure, coma, then death.

Altough, if he did decide to neck himself, I hope he streams that shit. I might even send a khantribution after he's painted the wall behind him with offal.

 

[kiwirevolving]

So what does that mean for Phil specifically? I am not familiar with Us laws. Does that mean that the trustee will order an examination of Phil's house to check for "hidden" assetts? iI mean she knows now more or less how much money flows through his Paypal accounts (which should be a lot in total). And could they put a sticker on everything they deem as an sellabale assett and then liquidate it?

Phil listed his assets as business related, meaning the creditors can't touch them so they can sell them

The trustee decided that it's bullshit and now Phil's consoles are at risk of being sold

 

[actually]

So what does that mean for Phil specifically? I am not familiar with Us laws. Does that mean that the trustee will order an examination of Phil's house to check for "hidden" assetts? iI mean she knows now more or less how much money flows through his Paypal accounts (which should be a lot in total). And could they put a sticker on everything they deem as an sellabale assett and then liquidate it?

We won't know for sure for a bit. Only thing we can say with certainty is that the trustee thinks (correctly, imo) that there's assets that aren't protected from being sold off, and she's determining what they are and how much they're worth. Depending on the path she decides to take, she could dismiss the bankruptcy, convert it to Chapter 13 (where she/the court will set what they consider Phil's actual living expenses and everything else gets distributed to creditors for X number of years), or she could do a 2004 exam, which is basically a deep dive into all of Phil's financials.

 

[tzgnilki]

So what does that mean for Phil specifically? I am not familiar with Us laws. Does that mean that the trustee will order an examination of Phil's house to check for "hidden" assetts? iI mean she knows now more or less how much money flows through his Paypal accounts (which should be a lot in total). And could they put a sticker on everything they deem as an sellabale assett and then liquidate it?

something is being sold to be distributed between creditors

we're not sure what it is yet

we can only assume it's either the CT condo, the WAkahndo, his doll collection, video game art, dvd collection, maybe some house-hold goods, tvs, $500 coffee maker

I don't know if it would even be worth their time to try recovering a few thousand to split between 10+ creditors, so i'm hoping at best it's the WA kahndo, or maybe midfirst (CT mortgage holder) won't be getting the CT condo back and all the creditors will split whatever it sells for, and it's gonna take a while to sell it

these are the only things that he owns that have any value (that we know about), but since he has been hiding his house for a very long time now, he probably has a new 70" tv or something stupid

I just hope we get to see what assets are being sold off

 

[actually]

we can only assume it's either the CT condo, the WAkahndo, his doll collection, video game art, dvd collection, maybe some house-hold goods, tvs, $500 coffee maker

I don't know if it would even be worth their time to try recovering a few thousand to split between 10+ creditors, so i'm hoping at best it's the WA kahndo or midfirst won't be getting the CT condo back and all the creditors will split whatever it sells for, and it's gonna take a while to sell it

The CT condo has nothing to do with the bankruptcy. It's worth less than the mortgage on it, so the only question there is whether MidFirst is able to get their hooks into Phil's assets to make themselves whole. Everything else you noted, however, is correct and a potential asset.

 

[tzgnilki]

The CT condo has nothing to do with the bankruptcy. It's worth less than the mortgage on it, so the only question there is whether MidFirst is able to get their hooks into Phil's assets to make themselves whole. Everything else you noted, however, is correct and a potential asset.

if the CT condo is not in the equation for a distribution, then it's worse for phil than I thought

it's not his car, his office equipment, IF phil can't prove what is business or personal, would be worth jack shit, like his broken iPad, lemon pc

furniture that he over paid for is probably near worthless now

sorta unrelated: a while ago there was a storage unit up for auction which belonged to a streamer's manager, someone bought the lot, hacked into an old iPhone and found child pr0n on it (the manager's own step daughter), who he was molesting

the guy who bought the lot spoke to a lawyer who said send it to the police, fucking moron sent sent it to keemstar and it was never heard of again

I want DSP's next saga to get that spicy, without the obvious bribery/incest

 

[TankMelee]

Phil listed his assets as business related, meaning the creditors can't touch them so they can sell them

Is this even true? Since Burnell Productions is a sole proprietorship, I was under the impression that it doesn't own property. His "business related" line sounds more like something he'd say to justify tax deductions (and that he said in reflex), since he still had to claim his consoles under an exemption.

 

[Spacker]

...fucking moron sent sent it to keemstar and it was never heard of again

Wait, WTF?