[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

[Tumbo]

If (when) Kat leaves I'd wager she'll take Jasper with her, if for some reason she can't, I can see Phil dumping Jasper at the first opportunity. That cat very quickly went from a pahsitive and fun occasional stream presence to an offscreen menace banished to his locked chamber. Like Kat, he has completed the transformation from living being to an ethereal presence that Phil can channel in order to lie to his paypigs about whatever mundane topics his low impulse control-brain decides to rant about. He hates Jasper enough that with Kat gone, there's no reason for Phil to keep him around as he has outlived his usefulness.

Given the fate of his last set of pets why Phil would bother to get another one is beyond me prehaps he really is just that exceptional or more possiblely Kat wanted a Cat.

 

[DiabeticSP]

Given the fate of his last set of pets why Phil would bother to get another one is beyond me prehaps he really is just that exceptional or more possiblely Kat wanted a Cat.

Kat for sure wanted a cat. Kat gets whatever she wants

Paying for her lazy ass probably isnt helping Phil afford his bills.

 

[Tumbo]

Kat for sure wanted a cat. Kat gets whatever she wants

Paying for her lazy ass probably isnt helping Phil afford his bills.

In fairness to her she contributes more to the economy and society at large then DSP does however a small part of me can't wait for the divorce saga

 

[AnOminous]

Prison would be the worst outcome for us. If he loses his house, at least we can find recordings of the wild pigroach lurking around urban areas, no such luck within prison.

Except some massive Sons of Kojima level autist will literally commit a federal crime just to get into prison with him.

 

[Balr0g]

The Boeing engineer will then donate all the gay wrestling blurays and plastic junk to the Salvation Army, who will then dump in at a landfill.

Next to the E.T. landfill? Then give it a few decades and it becomes a legend. then DSP will be engraved in the annals of history

 

[Sir Wesley Tailpipe]

Next to the E.T. landfill? Then give it a few decades and it becomes a legend. then DSP will be engraved in the annals of history

When the IRS catches up to Phil, he may end end being analed into history by Bubba in the federal pen.

 

[Tumbo]

When the IRS catches up to Phil, he may end end being analed into history by Bubba in the federal pen.

Of course their's always the 000.01% of a chance he still gets a chapter 7

 

[Sparkletor 2.0]

I'd be interested in the time frame of when he acquired these credit cards. Some of these cards are going to be real old, but how recently has he been extending lines of credit?

For example, we can assume Phil got the Sam's club card sometime after February 2018 since he said Kat convinced him to start shopping at Sam's. Somehow he racked up $4k on that card in less than two years.

I wonder if he applied for that card while shopping with Kat,

 

[tzgnilki]

I'd be interested in the time frame of when he acquired these credit cards. Some of these cards are going to be real old, but how recently has he been extending lines of credit?

For example, we can assume Phil got the Sam's club card sometime after February 2018 since he said Kat convinced him to start shopping at Sam's. Somehow he racked up $4k on that card in less than two years.

I wonder if he applied for that card while shopping with Kat,

the citibank filing shows the dates each mastercard was "opened", earliest being 2012 I think

 

[Tumbo]

I'd be interested in the time frame of when he acquired these credit cards. Some of these cards are going to be real old, but how recently has he been extending lines of credit?

For example, we can assume Phil got the Sam's club card sometime after February 2018 since he said Kat convinced him to start shopping at Sam's. Somehow he racked up $4k on that card in less than two years.

I wonder if he applied for that card while shopping with Kat,

I don't doubt it correct me if I'm wrong but don't you sign up for one in store like Costco?

 

[GigaOPC]

I'd be interested in the time frame of when he acquired these credit cards. Some of these cards are going to be real old, but how recently has he been extending lines of credit?

For example, we can assume Phil got the Sam's club card sometime after February 2018 since he said Kat convinced him to start shopping at Sam's. Somehow he racked up $4k on that card in less than two years.

I wonder if he applied for that card while shopping with Kat,

Walmart closed all the Sams Clubs in washington state back at the very beginning of 2018. There were only 3 in the whole state and realistically only 1 phil would go to. He probably signed up because they were offering a free rotisserie chicken, a $50 GC and a spiral cut ham if you signed up for one. Or he signed up for one because they will give almost anyone a credit card even if you already have 11 of them with a high credit utilization on each. A guy I use to work with got a sams club card because they use to run promos like spend $1800 in the first 6 months and get a $350 sams club GC.

 

[French_Toast]

There's a lot of ways this can play out. Here's the outcomes I see as most likely:

Worst Ending

1. Nancy re-evaluates Phil's assets and discovers he hid a bunch of shit from her, lied on the forms, and grossly misstated his personal assets in an attempt to fool the court
2. Nancy immediately dismisses the bankruptcy with prejudice.
3. Nancy recommends a complete and thorough audit of phil's business writeoffs and Phil ends up owing the fed too
4. Creditors swarm Phil with threats of legal action on a daily basis. Midfirst pursues deficiency judgement
5. Phil is fucked from here until he legitimately can qualify for chapter 7 down the road (inevitable)

Bad Ending

1. Nancy re-evaluates Phil's assets and discovers he hid a bunch of shit from her, lied on the forms, and grossly misstated his personal assets in an attempt to fool the court
2. Nancy quickly and readily determines that Phil isn't anywhere near bankrupt but is simply trying to abuse the system to weasel his way out of debt he is fully capable of paying back.
3. Nancy converts case to a chapter 13
4. Phil begs every day to "pay mah bills" until the next unexpected tragedy hits him (ket totals the car, phil gets gout again, etc) and his chapter 13 payment plan inevitably fails
5. Phil is again fucked from here

Decent Ending

1. Nancy re-evaluates Phil's assets and discovers he hid a bunch of shit from her, lied on the forms, and grossly misstated his personal assets in an attempt to fool the court
2. This angers Nancy. Combined with all the tips she gets about what a sack of shit Phil is, she takes a turn towards being adversarial
3. Nancy orders an appraisal of the wakando, finds it's assessed value puts Phil over the 125k exemption. Based on Phil being a sack of shit, she doesn't hesitate to sell the wakando
4. She also deems 80% of the shit in his house as personal assets and sells them all too
5. Phil gets his retarded consumer debt wiped, but Ket leaves him and the internet makes fun of him for losing his big grown up house
6. This still puts Phil in an ideal position to save tardcash and build enough wealth to get a new home

Best Ending (what Phil assumed was gonna happen)

1. Nancy re-evaluates Phil's assets but ultimately views Phil as the pathetic, helpless manchild he is.
2. Out of pity she spares the wakando and only sells off some of the stupid shit he's got laying around
3. Phil gets to weasel his way out of all his other debt, and the pigroach luck streak continues

Based on the shitshow that was the 341 meeting and the conversion of the case to an asset case, Phil should be very nervous of the possibility of cases 1-3 happening. Ultimately, this is really gonna come down to how Nancy views Phil and if she decides she's going to take the time to bend him over the barrel or not. I could see it going either way.

 

[DiabeticSP]

My dream outcome is he gets a chapter 7 that also takes the house.

A real monkey paw outcome.

 

[tzgnilki]

There's a lot of ways this can play out. Here's the outcomes I see as most likely:

Worst Ending

1. Nancy re-evaluates Phil's assets and discovers he hid a bunch of shit from her, lied on the forms, and grossly misstated his personal assets in an attempt to fool the court
2. Nancy immediately dismisses the bankruptcy with prejudice.
3. Nancy recommends a complete and thorough audit of phil's business writeoffs and Phil ends up owing the fed too
4. Creditors swarm Phil with threats of legal action on a daily basis. Midfirst pursues deficiency judgement
5. Phil is fucked from here until he legitimately can qualify for chapter 7 down the road (inevitable)

Bad Ending

1. Nancy re-evaluates Phil's assets and discovers he hid a bunch of shit from her, lied on the forms, and grossly misstated his personal assets in an attempt to fool the court
2. Nancy quickly and readily determines that Phil isn't anywhere near bankrupt but is simply trying to abuse the system to weasel his way out of debt he is fully capable of paying back.
3. Nancy converts case to a chapter 13
4. Phil begs every day to "pay mah bills" until the next unexpected tragedy hits him (ket totals the car, phil gets gout again, etc) and his chapter 13 payment plan inevitably fails
5. Phil is again fucked from here

Decent Ending

1. Nancy re-evaluates Phil's assets and discovers he hid a bunch of shit from her, lied on the forms, and grossly misstated his personal assets in an attempt to fool the court
2. This angers Nancy. Combined with all the tips she gets about what a sack of shit Phil is, she takes a turn towards being adversarial
3. Nancy orders an appraisal of the wakando, finds it's assessed value puts Phil over the 125k exemption. Based on Phil being a sack of shit, she doesn't hesitate to sell the wakando
4. She also deems 80% of the shit in his house as personal assets and sells them all too
5. Phil gets his exceptional consumer debt wiped, but Ket leaves him and the internet makes fun of him for losing his big grown up house
6. This still puts Phil in an ideal position to save tardcash and build enough wealth to get a new home

Best Ending (what Phil assumed was gonna happen)

1. Nancy re-evaluates Phil's assets but ultimately views Phil as the pathetic, helpless manchild he is.
2. Out of pity she spares the wakando and only sells off some of the stupid shit he's got laying around
3. Phil gets to weasel his way out of all his other debt, and the pigroach luck streak continues

Based on the shitshow that was the 341 meeting and the conversion of the case to an asset case, Phil should be very nervous of the possibility of cases 1-3 happening. Ultimately, this is really gonna come down to how Nancy views Phil and if she decides she's going to take the time to bend him over the barrel or not. I could see it going either way.

at this point, I think his worst case scenario is being dismissed without prejudice, and told to file again and fill the shit out properly

 

[DiabeticSP]

at this point, I think his worst case scenario is being dismissed without prejudice, and told to file again and fill the shit out properly

Make phil refile so we can all laugh at his paperwork again and then dismiss it when the new stuff doesnt qualify him.

Meanwhile he's racked up a few more months of penalties and such.

 

[Royalty Free Fish Food]

Except some massive Sons of Kojima level autist will literally commit a federal crime just to get into prison with him.

Fred Fuchs's ultimate endgame.

 

[ReentryPhantom]

Given the amount he owes I doubt they're going to individually list his gay porn... I mean wrestling... Blu-rays.

Most likely Nancy is taking the WAkhando, Kat is taking Jasper with her when she leaves, sherrif's deputies are removing Phil, and the whole lot will be auctioned off to a Boeing engineer who will own everything else.

I thought he sold a whole bunch of Blu-Rays and DVD's a while back? He and Kat went to some used book store and they took a bunch.

 

[The Penultimate Warrior]

Even if he still had them, unless they're rare they're worth almost nothing. Shop near me has a whole floor of dvds at 50p each, so would likely go for even less at auction.

 

[Sir Wesley Tailpipe]

Even if he still had them, unless they're rare they're worth almost nothing. Shop near me has a whole floor of dvds at 50p each, so would likely go for even less at auction.

It depends on what exactly he has. The Chris Benoit DVD set WWE put out about a year before the murder-suicide goes for insane money due to being recalled from all retailers.

 

[King Daddy Telomerase]

Nancy already knows Phil is a scamming piece of shit. She knew that before the 341 meeting. She would have not have spent 33 minutes on Phil and gone over his entire filing otherwise. She's not going to go easy on Phil in any way.

What it comes down to now is what Phil's actual assets/expenses are, which we have no way of truly knowing, and Washington state laws that I'm not going to bother learning, but some of you kind gentlemen will tell us over time.