- Joined
- Apr 9, 2020
1.) you either give up your credit card or the company closes it once they learn of your bankruptcy because the person can't pay itI actually came here to ask something similar.
I've been out of the DSP loop for a while. We presume that last year DSP was buying all his gatcha stuff on Credit. However now that his credit is rocked, and (if someone is finance savy please let me know if a bank takes away your credit card after fumbling half a million like a moron) has to buy it all from his checking account. I'm genuinely confused on the situation. I understand he slipped through the crack because if any creditor or banker saw that his half a million dollar business was just sitting on his ass playing videogames they'd go ballistic.
Was it his "business" that went under, or him? So he could still be using credit?
2.) It's him. His business would be classified as a sole proprietorship, so I believe any liability the business would have, including debts, would technically be on him. Either way, the bankruptcy was filed under his name and his stuff, so it doesn't really matter in terms of your question I think.
He isn't using credit unless he got some really really really shitty credit card with a high interest rate. He "slipped through the cracks" because frankly his $500k in debt wasn't a lot compared to the other people he was around (I think there was someone who owned a yacht there), the legal people most likely didn't understand Youtube and certainly didn't understand streaming (which only made figuring out DSP more difficult), and it was the beginning of a worldwide pandemic that made life harder on everyone.
This also doesn't account for the possibility of people constantly sending shit to Nancy that could've resulted in her either being confused or feeling harassed to the point where she didn't give a fuck.
His monthly expenses should be relatively the same in terms of the business. I'm unsure if this is correct, but some people speculated that he managed to lump his mortgage payment into his monthly expenses. From what I've read, this is legitimately possible especially since he has a dedicated "office" that is "purely business." He still had the CTKhando at this point, but he was always better off selling it in the first place. He can't sell it though because 1.) at this point he doesn't own it anymore and 2.) last I've heard, there was a stench, mold growing on the walls, and a hole in the ceiling. It's hard to sell a place that's been vacant for years on end with no upkeep that's literally across the country.I'm aware his shit stunk. Are you saying that presumably his expenses are still 5K? This after the Khando got taken away right? (I'm still wondering if he would've been better off just selling it at a loss)