[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

What will happen with his case following the 341 meeting?

  • Still gets Chapter 7

    Votes: 126 18.1%
  • Changed to Chapter 13 and ultimately fails to make his required payments

    Votes: 218 31.3%
  • Chapter 13 and successfully completed all payments

    Votes: 19 2.7%
  • Complete dismissal of the bankruptcy

    Votes: 334 47.9%

  • Total voters
    697
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It’s a very high standard to prove some one committed fraud by using their credit card when insolvent. Of course, I’ve never seen a case where someone on camera admits they can‘t pay bills yet continues using credit. If his income remained stable and he at least made minimums on the account he used, he can overcome the burden of proof, which falls on the creditor. That’s why I believe the insolvency issue isn’t a big deal. I want to see him get converted to Chapter 13 with a high payment plan, be put into receivership, struggle with being on a tight plan, fail 40 month into it when he finally depletes the pay piggies, and then have creditors breathing down his neck once again.
 
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I no doubt there is probably a private investigator afoot now. Nancy knows a lot of info too much to be a normie. He WWE Network question still resonates with me, if this is true I am 100% someone is giving her intel or she is doing it herself/being given it.

I don't think Phil takes this seriously at all because he is far too deluded and narcissistic too. He does not have forethought and that is his ultimate downfall that and he thinks everyone is stupid other than himself. It is truly pitiful that he really does view himself as a king of hate and everyone his lowly subjects. Its why he hates people like Tevin so much because he presents a rather innocent platform that just watches and laughs whilst they see right through him. He despises PandaLee so much because she probably had a massive argument with him before leaving saying what she actually thought. Nancy is probably going to be called a vile bitch as is Rochelle because they were doing their jobs and Rochelle's was merely to provide evidence of his bankruptcy.

Its interesting though he is really doubling down a lot lately its probably because he knows deep down that its almost over. If he has been hiding 1000s of tips etc, not paying taxes accurately feigning bankruptcy etc and theres video evidence. The prosecution will shred him apart. His wife will leave him, take the cat and he will have nothing for realsies this time. This case will evolve from a bankruptcy filing to something much else because you just cannot dismiss this now and Nancy knows that most likely, its probably why she is slow to filing her report. From the get go she knew this would be complicated.
 
There has to be a reason he had that pre-packaged speech ready about tips being donations according to his Tax Guy.
Considering his past emphasis that tips are taxable, and the fact he described tips as "charitable contribution" in the same answer that he described them as tipping a waiter, I disagree. Call me :optimistic:, but I think he was just trying to describe that people give him money for no service in exchange (he also used "voluntarily") and his brain was casting about for a high-IQ characterization. There's a whole thread of him fucking up idioms, and he calls them contributions, maybe he half-remembered that "charitable contributions" was a common phrase without thinking of tax implications.
 
Considering his past emphasis that tips are taxable, and the fact he described tips as "charitable contribution" in the same answer that he described them as tipping a waiter, I disagree. Call me :optimistic:, but I think he was just trying to describe that people give him money for no service in exchange (he also used "voluntarily") and his brain was casting about for a high-IQ characterization. There's a whole thread of him fucking up idioms, and he calls them contributions, maybe he half-remembered that "charitable contributions" was a common phrase without thinking of tax implications.
I think he was trying to paint his Twitch Tips as gifts, due to the gift exemption on taxes. It seemed like he was trying to say that Twitch called them tips, but they were really gifts, but failing miserably at expressing it.
 
Considering his past emphasis that tips are taxable, and the fact he described tips as "charitable contribution" in the same answer that he described them as tipping a waiter, I disagree. Call me :optimistic:, but I think he was just trying to describe that people give him money for no service in exchange (he also used "voluntarily") and his brain was casting about for a high-IQ characterization. There's a whole thread of him fucking up idioms, and he calls them contributions, maybe he half-remembered that "charitable contributions" was a common phrase without thinking of tax implications.
He is just extremely lucky he was talking to a trustee who probably doesn't have a law degree, makes 50k a year, and doesn't actually give a shit.

If he was dealing with even the most goofy, shitty ass lawyer in Washington state, he'd have been buried alive already.

The day he gets audited he's screwed, he's just lucky the most incompetent organization in the country is the federal government.
 
Him not paying off this comparatively small amount is significant because of the timing. He receives $2000 of "extra" income in August but can't pay taxes for operating a business in the state of Washington? He met Rochelle in October. In the 341 meeting recording, Phil states that he realized insolvency in APRIL--not October. He does go on to say October several times, but IIRC, Phil did announce publicly his plans to go into bankruptcy in April. I can only assume that his attorney hinted at him that they met in October which is the point he *realized* he was insolvent. I have to imagine this just screams his intent at Nancy.
My thoughts are he's playing semantics with the insolvency. He knew in April if the bank took the house and went after him for the difference he'd declare bankruptcy, but "technically" he didn't know what would happen with CT condo until Midfirst made their move. They could have just let him off the hook and none of this would be happening...yet.
 
Don't you know Phil reads the farms everyday?

Dave definitely has a network of speds at least that come here and keep him abreast of anything cooking in the detractor community, so he'll probably hear about this from here if not through actual official channels.
yeah but he thinks everyone here are morahns and don't know what they're talking about, so he won't believe anything
 
I really think he believes making minimum payments he is getting one over on credit companies. That's why he never pays anything. Its a buyers market for credit cards.
Yes, he does. They want my money, so I'm only gonna give them the smallest amount I can, meaning there's more money for me and they're idiots for not asking for more.

He directly said "If I stop making payments [on the CT condo], that's more money in my pocket."
 
So I looked up what an asset case is-

assetcase.png

Is his BK getting changed to an asset case because of his condo in CT? Is Nancy trying to swipe his business-related consoles?
 
So I looked up what an asset case is-

View attachment 1225410

Is his BK getting changed to an asset case because of his condo in CT? Is Nancy trying to swipe his business-related consoles?

His biggest asset is the WA condo, which has appreciated significantly in value. Doesn't seem like he has any other major assets, which speaks further to the idiocy of his spending. He's $131k in credit card debt, and he doesn't have anything of note to show for it.

Edit: what the conversion to an asset case means, we don't know for sure.
 
His biggest asset is the WA condo, which has appreciated significantly in value. Doesn't seem like he has any other major assets, which speaks further to the idiocy of his spending. He's $131k in credit card debt, and he doesn't have anything of note to show for it.
It also doesn't help that there are a shit ton of discrepancies in his filing, plus how he went hard in the paint with weasel words in his 341 call... This MORE THAN LIKELY isn't this trustee's first rodeo with a lying shit head, and so Phil is really gonna feel the hammer when his pigroach luck runs out and he's gotta basically get rid of everything, including his beloved horse.
 
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