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

[AnOminous]

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.

I honestly don't know how assiduously bankruptcy enforces stuff like this. The IRS does. If you claim a "home office" and they catch you doing ANYTHING personal in there they will fuck you out of the whole thing and every deduction you claim. They will demand to see it and it better be obviously a segregated area that serves a specific purpose, and not just shit you use for your own personal stuff.

The home office deduction is great and you can buy some pretty neat stuff with it, and even better, deduct the entire price of a lot of things by depreciating them to nothing all at once instead of over several years, effectively getting them tax free. But they're well on to the trick of just using it for personal shit.

I honestly don't know how strict a bankruptcy court is about such things. However, Phil did straight up commit perjury claiming every single one of those things was pure business when he has just as publicly admitted they're actually used by Kat, used by him for personal stuff, and they just aren't pure business. He just commingles that shit, and then he went into court and lied about it under oath. Not a good look.

 

[Martys_not_smarty]

Make sure to bring why he's fans are called wheelchairs and the zealots who run his forum page. Maybe show him the thread on the pigroach forums that was about Nick and his first video the wheelchairs were out in force on that one.

 

[AnOminous]

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

Unless Nick is either a bankruptcy lawyer (he isn't) or is going to do some deep diving research on it (he probably isn't) he doesn't know much more than I do about what is going on in this case. What I'd really like to see is for him to get drunk and mock this fucking moron and get mind-boggled at the twists and turns of pigroach logic.

 

[King of Not Playing Games]

I honestly don't know how assiduously bankruptcy enforces stuff like this. The IRS does. If you claim a "home office" and they catch you doing ANYTHING personal in there they will fuck you out of the whole thing and every deduction you claim. They will demand to see it and it better be obviously a segregated area that serves a specific purpose, and not just shit you use for your own personal stuff.

The home office deduction is great and you can buy some pretty neat stuff with it, and even better, deduct the entire price of a lot of things by depreciating them to nothing all at once instead of over several years, effectively getting them tax free. But they're well on to the trick of just using it for personal shit.

I honestly don't know how strict a bankruptcy court is about such things. However, Phil did straight up commit perjury claiming every single one of those things was pure business when he has just as publicly admitted they're actually used by Kat, used by him for personal stuff, and they just aren't pure business. He just commingles that shit, and then he went into court and lied about it under oath. Not a good look.

Right. This level of uncertainty is something Rekeita can help clear up, possibly.

 

[gh0stzero]

Phil is on youtube talking about bankruptcy at least a full year before his alleged meeting with Rochelle in October 2019.

Pre-Stream July 23, 2018: Persona 5 Continues...Will It Ever End?

DescriptionCheck out my Teespring store here!: http://www.teespring.com/stores/dspgaming Want to save some money with a new LootCrate subscription? Visit htt...

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DSPGaming Emergency Live Stream Part 1: Explanation

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DSPGaming Emergency Live Stream Part 3: Ideas and Temp Strategy (Final)

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So DSPGaming is GONE, For Now; Here's What Happened.

After being a content creator on YouTube for 10 years (And making money doing it since DSPGaming was partnered in 2011), YouTube/Google decided to erroneousl...

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PigPigGo search - https://pigpiggo.net/?keyword=bankruptcy&title=&startDate=&endDate=2018-10-31&start=0

Could these videos be used against him in that he realised he was insolvent long before meeting with rochelle? But continued using lines of credit anyway.

Would a court not wonder why he left it so late? Is there a timeline a court would deem reasonably acceptable for filing bankruptcy?

And also Nick you should try some buffalo trace bourbon its great.

 

[Tumbo]

A DSP Birthday Stream Yes please

 

[Beetus Knuckles]

Phil’s business expenses should mirror his tax filings and meet general accounting practices. Nancy will use IRS regulation to assess what he stated in his petition and schedules regarding business expenses. He can’t be double dipping anywhere with his expenses. Other than gacha spending, there’s no way his business expenses can be anywhere near what he claims. His utilities and home office expenses are prorated to the space he’s using. He’s obviously not buying equipment and supplies. I wish Nancy would deep dive on this, but she‘s probably wanting to keep him as a Chapter 7 asset case because that’s the biggest payday in the shortest time.

 

[Agent Proper]

A DSP Birthday Stream Yes please

Just the Birthday or the whole week?

 

[CURTCOCAIN]

Is there more or less scrutiny given towards Chapter 7 vs Chapter 13 from a legal perspective?
(when I say Chapter 13, it would mean a different trustee rather than Nancy, which would potentially involve a very different potential stream of events)

In the case of a Chapter 13, absent of realistic expenses by a debtor, how might a trustee might enforce upon a debtor? Is there any precedent regarding this? Should a debtor be expected to keep up their previously filed expenses? Would they be given free for all regarding their expenses? Should a debtor be expected to keep their expenses (in consideration of external reports) within certain parameters?

In the instance of a sane judge or court actually extending themselves to the point of requesting the existence of data or logs proving the debtor has been involved in the purchase of spurious gacha purchase that seemingly have no return value upon creditors, how might they react?

Given that there have likely been gambling addicted debtors who have shitted away their finances prior to declaring bankruptcy, would this act to form some form of precedent?

(such a question relies upon the fact that "gacha" seems to be legally unknown, yet should or will likely warrant a legal answer by some form of court at some point),

 

[DogZero]

bring on ItsaGundam!
he knows old phil lore and is a good stream personality.

 

[AnOminous]

He can’t be double dipping anywhere with his expenses.

I'm not sure this is true about the consoles and other game stuff he legitimately uses as part of his "business." The tools of the trade exemption in bankruptcy isn't really the same as the home office deductions in federal taxation. At least not exactly. They're not going to take stuff away from him that he actually needs to make money, at least in the Chapter 13 case. It also would almost just be spiteful to auction off his consoles and shit like that, and wouldn't maximize value to anyone.

The weird thing is most of this shit is nearly worthless, at least as resale value goes, but somehow, Phil gets paypigs to throw money at him for using it.

Anyone sensible in his situation would have top of the line everything, not be struggling along with years old shit, and have gear that would actually be fun to play games with if you liked games at all. But here we are, with pigroach logic instead. He'd rather have jpegs of Hulk Hogan than actual functional equipment for his real job.

 

[CURTCOCAIN]

You're already respected as a semi-detractor, purely for the fact that you're neither here nor there.
Besides people pretend involving you in their own political sphere, its obvious you have nothing to do with here nor there. In this way you're somehow a respectful member of society and your virgin opinion matters somehow. At this point I stoop to ask you a neutral question...

Besides all of this drama, DarksydePhil is still a human being.... Subtracting his current legal precedent and all that you already know about him, what might you recommend to such a person? Knowing what you already know and trying to remain a little bit neutral, how would you suggest someone like DarksydePhil moves their life onward? Please answer this without being too biased in terms of how such a person might manage their personal debt, stability and finally how you might suggest they manage their reputation? (I realize its easy to escape this sort of question, but just do it, as Nick, if you were DSP, and you woke up some morning, and you had no other choice in life, tell us what you'd do)

 

[AnOminous]

Besides all of this drama, DarksydePhil is still a human being.... Subtracting his current legal precedent and all that you already know about him, what might you recommend to such a person?

Are you actually responding to me? I don't know, you are just sort of vagueposting. Anyway, I'd advise he quit blowing tens of thousands of dollars on gacha games, agree to a valid Chapter 13 plan, seriously rethink his life, and treat everyone he interacts with better than he does. He should drop the King of Hate concept, get better gear, and try to transition out of whatever the fuck he thinks he's doing.

The major thing is dumping the gacha because what the fuck? He'd be better off with a cocaine habit.

 

[Sir Wesley Tailpipe]

I'm not sure this is true about the consoles and other game stuff he legitimately uses as part of his "business." The tools of the trade exemption in bankruptcy isn't really the same as the home office deductions in federal taxation. At least not exactly. They're not going to take stuff away from him that he actually needs to make money, at least in the Chapter 13 case. It also would almost just be spiteful to auction off his consoles and shit like that, and wouldn't maximize value to anyone.

The weird thing is most of this shit is nearly worthless, at least as resale value goes, but somehow, Phil gets paypigs to throw money at him for using it.

Anyone sensible in his situation would have top of the line everything, not be struggling along with years old shit, and have gear that would actually be fun to play games with if you liked games at all. But here we are, with pigroach logic instead. He'd rather have jpegs of Hulk Hogan than actual functional equipment for his real job.

With the consoles, they can go back to the time of initial filing and check what he has actually used on stream, and declare everything else fair game for liquidation. An asset you aren’t using is not an asset.

 

[CURTCOCAIN]

Are you actually responding to me? I don't know, you are just sort of vagueposting. Anyway, I'd advise he quit blowing tens of thousands of dollars on gacha games, agree to a valid Chapter 13 plan, seriously rethink his life, and treat everyone he interacts with better than he does. He should drop the King of Hate concept, get better gear, and try to transition out of whatever the fuck he thinks he's doing.

The major thing is dumping the gacha because what the fuck? He'd be better off with a cocaine habit.

vagueposting sorta

but its dsp so you cant subtract my autism

you theoretically answered regardless

I'd advise he quit blowing tens of thousands of dollars on gacha games, agree to a valid Chapter 13 plan, seriously rethink his life, and treat everyone he interacts with better than he does. He should drop the King of Hate concept, get better gear, and try to transition out of whatever the fuck he thinks he's doing.

what would you do if you were dsp irl? copy paste the answer? who knows?

 

[actually]

vagueposting sorta

but its dsp so you cant subtract my autism

you theoretically answered regardless


what would you do if you were dsp irl? copy paste the answer? who knows?

This thread is for questions related to the upcoming Rekieta stream. If you have actual questions, that's fine, but put the philosophical stuff elsewhere. Thanks.

 

[Comma]

him talking about his streaming activities not being a business

I think this would be the perfect video to watch on that specific subject (and more):

Eight minutes filled to the brim with the highest quality of gold dust, such as:

- "What I do here is not a business, I don't own a business a business anywhere"
- "Back in the day I was in a lot of debt and then I started on YouTube as my job, I paid off all my debt. But then I racked it right back up when I moved out here"
- "Help, my business is doing badly!"
- "I don't want to change my formula to be a sellout shill, and constantly talk about things I'm selling" (merchandise)
- "My credit is not good already, so if I do a short-sell, my credit's going to tank!"
- Mocks people, including probably actual unironic fans, telling him to get a PayPal donation link set up
- "For tax purposes, setting up a donation link is the worst possible thing I could do. My accountant of 5+ years said so, and he's the head of Accounting of a very highly ranked university in CT - he knows what he's talking about!"
- "If I would receive donations (gifts), they would audit the FUCK out of me!"
- "It's illegal to receive a PayPal donation and say: that's a gift, I'm not paying taxes on that. So I can't receive donations!"
- "FUCK Youtube, FUCK Google, and FUCK all those dumbfuck employees who don't know how to run their business!" (effing lol)
- "I had to buy new external HDDs, and I did this on a miscellaneous credit card of off Amazon, and I didn't keep the receipt"

Valedictorian, everyone.

Yeah, I'm starting to wonder if Nick would even survive the fit of laughter he'll get from this...

 

[BabygotACKACKACK]

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

Just give him a pill and leave him somewhere and just put “thugs on the floor” on repeat it’ll be more than enough pigroach for the poor man

 

[AnOminous]

what would you do if you were dsp irl?

Probably just actually kill myself tbh.

 

[CURTCOCAIN]

Most people are forced to consider that DSP is legally recognized as a sole proprietorship, how does this affect things?

Links:

https://www.thebankruptcysite.org/resources/bankruptcy/new-bankruptcy-laws/how-does-a-sole-proprietorship-file-bankruptcy.htm

The Cost of a Bankruptcy Lawyer: Chapter 7 vs. Chapter 13

With an attorney, an average Chapter 7 bankruptcy case can cost between $1,500 and $3,000. An average Chapter 13 case will run you from $3,000 to $4,000.

www.natlbankruptcy.com

https://www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/chapter-7-bankruptcy-basics

In this case, how angry should DSP's detractors be? Should they try and pipe bomb the courts? Should they first try and better aim their cocks into their own faces? How should DSP's detractors best react when actual words and literature prove that they are faggots?