April 27th, 2020 - Nick Rekieta w/ LSB & Agent Proper

[DiabeticSP]

Also unironically Rekieta almost did it last time but if he watches ANY videos make it the toilet bacon cooking one.

 

[King of Not Playing Games]

My question is, has DSP actually qualified himself as a "business"? There may be an LLC floating around, and I know at one point he talked about being a sole proprietor, but it's not clear to me that Phil actually has any authority to claim business deductions; someone who can understand the paperwork and existing filings would help. Unless there's already an answer for this. Does he have to cite specific laws that allow him to claim these deductions? Do there need to be receipts? Basically, how does the trustee go about verifying that an actual business with costs, and accounts are actually involved, and that DSP isn't just lying about that core aspect?

 

[KEK7go]

Also unironically Rekieta almost did it last time but if he watches ANY videos make it the toilet bacon cooking one.

It is on my "Show to Nick" list, but I think he has seen it already, but at least is aware of it. Same with Phil trying to eat ramen with a spoon.

 

[actually]

My question is, has DSP actually qualified himself as a "business"? There may be an LLC floating around, and I know at one point he talked about being a sole proprietor, but it's not clear to me that Phil actually has any authority to claim business deductions; someone who can understand the paperwork and existing filings would help. Unless there's already an answer for this. Does he have to cite specific laws that allow him to claim these deductions? Do there need to be receipts? Basically, how does the trustee go about verifying that an actual business with costs, and accounts are actually involved, and that DSP isn't just lying about that core aspect?

He has a registered sole proprietorship in WA.

 

[Vivica A. Fox]

Ask rekieta, without speculating on the relationship itself, what the chances are that after Nancy has taken Phil for all he’s worth, that Kat could take half of whatever he has left when she inevitably divorces him

 

[Agent Proper]

He has a registered sole proprietorship in WA.

Did he register that before he got his business class internet with comcast.

 

[Squire of Gothos]

Also unironically Rekieta almost did it last time but if he watches ANY videos make it the toilet bacon cooking one.

I think Nick needs to see DSP Tries it Axe Body Wash and DSP making sick Panda make him dinner those two are pretty good, there's so much you can show him.

 

[KEK7go]

I think Nick needs to see DSP Tries it Axe Body Wash

Have mercy at the poor man. He got kids for Christ's sake.

 

[Meerkat Ink]

You toxify him enough and he might start restreaming DSP.

 

[actually]

Did he register that before he got his business class internet with comcast.

After. He registered in 2017 as a part of the resolution to the back state taxes saga, although he also signed a new contract with Comcast at some point.

 

[Agent Proper]

After. He registered in 2017 as a part of the resolution to the back state taxes saga, although he also signed a new contract with Comcast at some point.

Got it thanks, I just figured that one would have to show proof that they were a business to get business class internet but, it is Comcast after all.

 

[Squire of Gothos]

Have mercy at the poor man. He got kids for Christ's sake.

In order for him to truly understand DSP he must suffer like we have suffered.

 

[KEK7go]

In order for him to truly understand DSP he must suffer like we have suffered.

No, that would be us putting him through all the DSP's singing and all the wonderful fan songs.

 

[CURTCOCAIN]

I have many questions:
I looked in to it and there is no court case or precedent involving micro transactions at this level. Please ask Nick about these questions specifically because they are very interesting and probably haven't been covered before in a case like this.

Question 1:
What does Nick think about a debtor using their credit as a throwaway account for bullshit just to fuck over creditors?
Q1 literature:
Most gacha or online accounts are clear in their terms of service that you cannot sell/reposes any account, therefore it has no value when it comes to a trustee, so even if Nancy sees Phil has thrown away tens of thousands of dollars for bullshit, she cannot claim he gambled nor that Phil has been hiding assets, it would seem that she has to admit his income has gone toward something that is a one-way waste of money.
In what manner might a trustee respond to a debtor throwing away money in a manner by which creditors are incapable of repossessing any value again?
How might a trustee see this kind of "alleged" fuckery, and without clear legal precedent, decide that the debtor has wilfuly engaged in homosexual, gay and tight-fitting wrestling outfits, that a debtor has wilfully attempted to fuck over potential creditors (without clear legal precedent regarding gacha or online accounts) purely for the sake of being a debtor who is a douchebag and has acted in a manner to try and escape their financial obligations?
To put the question another way, if I owe a million bucks and I withdraw a million bucks to fuel my own fire for the purpose of barbecuing some tasty ass ribs, where does the law stand on this? Besides desecrating legal currency, I've also acted like a fucker and attempted to sidestep my legal obligations to repay my debts, how does the law respond to this very public and willful display of me using cold, hard cash purely for the purpose of fueling my BBQ rib fire? This money will never come back, but it existed... How does the law respond to such a case?

Question 2:
If it is easily shown to the public that the debtor may have deliberately spent money in a manner that only involves one-way transactions with no feasible return for debtors, can the trustee or creditors have some way or method of pointing this out or legally applying a remedy?
Q2 literature:
(example) some douche, in the 6 months prior to declaring bankruptcy, spent 50k on furry costumes, and in reality they are only worth $2, how would or should the trustee proceed? Besides trying to firesell the furry costume, is there any other legal remedy available? As is shown by research a trustee will probably not bother with property that is not factually worth anything, but should said trustee realize that the debtor has deliberately put money towards the spurious purchase of furry costumes that they knowingly realized would be worth cents on the dollar, how and why should the trustee react to such a furry costume purchase?

I might edit with additional questions
rf: https://www.justice.gov/ust/handbook-chapter-7-trustees

 

[King of Not Playing Games]

He has a registered sole proprietorship in WA.

Okay, and is he classifying things as business expenses? Is he allowed to as a sole proprietorship, when the company and person are the same entity?

 

[Prince Lotor]

In addition, LSB, you HAVE to catch Nick up on the Leanna Hospital situation. You could watch the animated abridged version or tell him the gist of it and start here because this is where Phil's narcissism, ignorance and arrogance truly shines. This is when he said "give her a pill" and all he cared about was the "giant bill in the mail." Years later during the debunk stream he contradicted himself by doing the mock voice and saying almost verbatim what he said two years prior

The punchline at the end where Phil thumbs to the door and says, "Yeah, she's passed out. She's conked out in the other room right now," and you realize he literally just got back from the hospital and is blabbing her private medical shit to the entire internet after dumping her off at the bedroom when she's on a powerful anti-anxiety med she's never taken before, is priceless and tells you everything you need to know about Phil.

I would definitely suggest watching the full animated version of that video, and Metokur reacting to "I have to wake Leanna up to cook me dinner because she's sick."

If you use the search term 'credit card' on PigPigGo on like the oldest 3 pages there are several clips of Phil explaining how he took out cash advances on his credit cards at 24% interest to pay for his FGC travels.
You will also find the clip of Phil from 2014 saying "Stay the fuck away from credit cards!" and how he had just dug himself out of serious credit debt from like 8 years of bad decisions that would be great to show right before the clips of Phil paying for the move on credit and the subsequent 'fill my serious adult house to the rafters' shopping spree he put all on credit.

Edit: Also all Phil's various 'It's muh back dood' claims. Here's Phil claiming his back is all better and never hurts https://kiwifarms.net/threads/darksydephil-theycallmedsp-phil-burnell.975/page-5192#post-6060861
Here's Phil's "I feel like a cripple" video followed by multiple videos of him dancing from the same time period

https://kiwifarms.st/threads/darksydephil-theycallmedsp-phil-burnell.975/page-4396#post-4780052

 

[actually]

Okay, and is he classifying things as business expenses? Is he allowed to as a sole proprietorship, when the company and person are the same entity?

That's probably a better question for someone like @SoapQueen1, @AnOminous, or @Beetus Knuckles. My understanding is that he can, but it needs to be clearly delineated. That delineation is what's going to fuck him up a lot, because he has commingled his personal and business expenses to such an extent that it will be difficult to separate them. That also doesn't include shit like game-sharing with Kat. The fact that she uses his Switch and plays Animal Crossing on it means that both of those are not purely business expenses.

 

[The Ancestor]

Yeah that's the one. I remember watching it and seeing people just discuss how stupid the whole thing was. Between the dumbass instagram "vacation" posts, watching dragonball and wrasslin in a hotel room, calling it a much needed vacation. I'm sure that over that whole thing some money (through a credit card or loan) was probably used to cover part of it.

the reason for the staycation was because his KOGaming review of the new Homefront got 1 million views fast so instead of making content for the new subscribers he updated his channel trailer and dipped out, when he came back he made a week late Pokémon Go tutorial since it came out that time

 

[CURTCOCAIN]

Since a lotapeepul are asking:
does a trustee give a fuck how much a debtor is making once they've submitted their application for bankruptcy?
an example is that DSP is consistently making one hundred dollars per stream, this means about 5200 dollars per month without cheers, subs or patreon (post-bankruptcy)

Does or should the trustee give a shit about their trustee making more stable money? Should the trustee care if the debtor is making slightly more money? Should the trustee be concerned if the debtor is making far less than they previously did? Should the trustee instantly approve a Chapter 7 application if the debtor has made significantly less than they previously did?

Should redditors be concerned? Should I call CNN and anonymously tip them off regarding DSP's finances? Should we try and attack Hillary simply because she hasn't given an opinion regarding DSP?

 

[The Penultimate Warrior]

My main question would be how much stock they'd put in all the tip offs they're undoubtedly getting? I'm assuming they're being flooded with "check out this youtube video/reddit thread etc where Phil says X", so does some poor intern get tasked with going through it?