[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

[Lover_of_Horses]

Wait, but don't you have to subtract what he still owes on the mortgage, which is $228k?

Has the vast majority of active forum goers been operating under a different assumption that this? What he still owes on the condo where he presently resides is still a debt. I would be dumbfounded if things worked the other way (as in, measuring the exemption against value while omitting current debt).

 

[AnOminous]

Wait, but don't you have to subtract what he still owes on the mortgage, which is $228k?

I think that's subtracted in another schedule that hasn't been amended. I suppose it's okay, well, at least if this Zillow bullshit holds up, which it probably won't.

 

[actually]

Just for quicker access for anyone reading, here's the major changes to the filing. Note that he did NOT add the consoles suddenly--the description of the business assets was made more descriptive:

Spoiler: Additions/Changes in the Amended Filing

Spoiler: Original Lines

Has the vast majority of active forum goers been operating under a different assumption that this? What he still owes on the condo where he presently resides is still a debt. I would be dumbfounded if things worked the other way (as in, measuring the exemption against value while omitting current debt).

I think that's subtracted in another schedule that hasn't been amended. I suppose it's okay, well, at least if this Zillow bullshit holds up, which it probably won't.

It is, but that's because the $344,890 - $125,000 is $219,890, which is less than his mortgage. That number, however, is abject bullshit.

 

[SaidNoOneEver]

Only $200 of "Miscellaneous Personal Electronics" ? Didn't even declare the money he's been getting with this vest shit either.

I haven't looked at the actual copy yet but he's amending the original filing that was effective Jan 31 (?) or whenever it was filed. The amendment should still reflect the state of things back then. I'm unclear how the court would even be aware (or care) how much he's earned since the bankruptcy was filed.

 

[LyteSydeByll]

Only $200 of "Miscellaneous Personal Electronics" ? Didn't even declare the money he's been getting with this vest shit either.

He's spent it already

 

[SaidNoOneEver]

Has the vast majority of active forum goers been operating under a different assumption that this? What he still owes on the condo where he presently resides is still a debt. I would be dumbfounded if things worked the other way (as in, measuring the exemption against value while omitting current debt).

DSP's equity in the property is what matters in regard to the exemption amount: the market value minus how much is still owed. He's using an obsolete/invalid estimate to present a lower market value.

 

[RefreshedParty]

Just for quicker access for anyone reading, here's the major changes to the filing. Note that he did NOT add the consoles suddenly--the description of the business assets was made more descriptive:

Spoiler: Additions/Changes in the Amended Filing

View attachment 1252502
View attachment 1252503

Spoiler: Original Lines

View attachment 1252505
View attachment 1252506
View attachment 1252507

It is, but that's because the $344,890 - $125,000 is $219,890, which is less than his mortgage. That number, however, is abject bullshit.

tfw you have more in stupid collectibles than business assets

Only $200 of "Miscellaneous Personal Electronics" ? Didn't even declare the money he's been getting with this vest shit either.

Wonder if that's the switch now that he had an epiphany about it being for personal use and donated.

 

[Iron Hamster]

It is, but that's because the $344,890 - $125,000 is $219,890, which is less than his mortgage. That number, however, is abject bullshit.

Even the property detail report from 2018 shows value up to $400k

 

[AnOminous]

He always does shit last minute just look at his games getting updated while he streams. Still we are past the 341 and Nancy didn't seem like the type of person who would go easy on someone like Phil. Seems to me this proves that his Sauce stream was just a smoke screen for a meeting with Rochelle and it also tells us that the clock is moving closer to midnight.

If Nancy has put in significant work into this and suddenly has to put in a bunch more work to react to Phil's last minute changes, that is the kind of shit that gets on the absolute last nerve of a legal professional. Yet more motivation to fuck this clown without lube.

If I were Rochelle Shuffield I would have about had it with pigroach facts too.

 

[James Smith]

Once declawed a cat is worth the money it would take to buy an equivalent breed cat (anywhere from $0 to a $50 adoption fee) plus the cost of declawing it (anywhere from $100-250). That cat is not worth $0, it's worth between $100-300.

Imagine if you had some $50K pure bred that traced back to the Egyptian pharaohs and expected the court not to take it. I know they're not going to take his mutt but the point still stands to demonstrate the continued sloppiness.

 

[Iron Hamster]

Looking for updated condo valuations (redfin at 441) I came across this:

Jasper's real owner looking for him

Hold onto your hats for this valuation. Pig is going to stroke out.

https://www.movoto.com/renton-wa/17505-110th-ln-se-30-renton-wa-98055-501_597864/

 

[AnOminous]

Once declawed a cat is worth the money it would take to buy an equivalent breed cat (anywhere from $0 to a $50 adoption fee) plus the cost of declawing it (anywhere from $100-250). That cat is not worth $0, it's worth between $100-300.

It's just standard Phil churlishness to declare in a court filing that his own cat is completely worthless. What a dick.

 

[Lover_of_Horses]

DSP's equity in the property is what matters in regard to the exemption amount: the market value minus how much is still owed. He's using an obsolete/invalid estimate to present a lower market value.

Oh, I know. What I responded to (@actually 's responds to @AnOminous ' figures regarding line 2) may have been misconstrued. We know Phil is full of shit.

Should anyone be confused up to this point about Phil's WAkhando: the crux for his condo is the equity left over after his $125,000 exemption and the current balance on his mortgage compared with the market value of the property. If the exemption plus mortgage debt is higher than the market value of the property, the house cannot be taken and sold. However, if the exemption and mortgage are LESS than the market value of the property, there is non-exempt equity in the property and the condo can be taken.

 

[Agent Proper]

If Nancy has put in significant work into this and suddenly has to put in a bunch more work to react to Phil's last minute changes, that is the kind of shit that gets on the absolute last nerve of a legal professional. Yet more motivation to fuck this clown without lube.

It is like getting a change order (additional work) on sbullshit job that you are finishing up. If I was Nancy I would be gearing up to teach this guy a valuable lesson.

 

[Lover_of_Horses]

It is like getting a change order (additional work) on sbullshit job that you are finishing up. If I was Nancy I would be gearing up to teach this guy a valuable lesson.

A valuable lesson? Intentional pun?

 

[actually]

Oh, I know. What I responded to (@actually 's responds to @AnOminous ' figures regarding line 2) may have been misconstrued. We know Phil is full of shit.

Should anyone be confused up to this point about Phil's WAkhando: the crux for his condo is the equity left over after his $125,000 exemption and the current balance on his mortgage compared with the market value of the property. If the exemption plus mortgage debt is higher than the market value of the property, the house cannot be taken and sold. However, if the exemption and mortgage are LESS than the market value of the property, there is non-exempt equity in the property and the condo can be taken.

Thanks for stating this more clearly. That's what I was trying to get at with what I said.

 

[lavrentiyberia]

Just for quicker access for anyone reading, here's the major changes to the filing. Note that he did NOT add the consoles suddenly--the description of the business assets was made more descriptive:

Spoiler: Additions/Changes in the Amended Filing

View attachment 1252502
View attachment 1252503

Spoiler: Original Lines

View attachment 1252505
View attachment 1252506
View attachment 1252507

It is, but that's because the $344,890 - $125,000 is $219,890, which is less than his mortgage. That number, however, is abject bullshit.

here I made this so we could just plug in the current Zillow value and see how far over the exemption he is https://docs.google.com/spreadsheets/d/11jHGT31X5hN1zH0RSBNV_EjuN3Pca_kHevDOyBfFuQ8/edit?usp=sharing

And reverse engineering the number to get under the exemption gives you a max value of $387,884.30, a few thousand from the value he cherrypicked from the Zillow history

 

[SaidNoOneEver]

It is like getting a change order (additional work) on sbullshit job that you are finishing up. If I was Nancy I would be gearing up to teach this guy a valuable lesson.

If they ever wanted to make an example out of someone for blatant middle-class bankruptcy fraud this is the one. I don't see how they could ever pursue anyone else.

 

[Satoi]

Way to go, Phil. Maybe after another 50 patches umm I mean amendments, we'll have a document that's anywhere near passable!
Baby steps and all that.

 

[RefreshedParty]

Looking for updated condo valuations (redfin at 441) I came across this:

Jasper's real owner looking for him

Hold onto your hats for this valuation. Pig is going to stroke out.

View attachment 1252537

https://www.movoto.com/renton-wa/17505-110th-ln-se-30-renton-wa-98055-501_597864/

Lost cat thing was debunked a while ago, not same cat.

Does that evaluation take into account that this isn't a house but a middle unit khando? (lol)