- Dołączono
- 12 Kwi 2020
As long as he doesn't get a Ch 7 discharge it can go in till the end of time for all I care.
[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
- Twórca wątku Comma
- Data rozpoczęcia
-
🔎 Please read my article, How to Dox Anyone: A Liz Fong-Jones Story. (Xitter), (Substack).
-
Want to keep track of this thread?
Accounts can bookmark posts, watch threads for updates, and jump back to where you stopped reading.
Create account
- Status
- Dołączono
- 2 Gru 2018
I'm fine with Chapter 7 provided Nancy takes Manchild Manor. It's now an asset case and who cares how much his blu-rays and toys are worth?
Let's be honest, Chapter 13 is as good as a dismissal. He's not letting some booksmart nudnik stand between him and his oily boys.
- Dołączono
- 11 Mar 2018
I don't think this is something Phil can just refuse. If it gets converted to Ch 13 then I'm pretty sure Phil doesn't just get to say "No, I don't like that, I'm going home." Someone please correct me if I'm wrong but I'm pretty sure when you sign up for the big B you don't get to just back out of it whenever you want, you're in for the ride and there is no getting off. I mean otherwise wouldn't tons more people file and then just back out when it doesn't work out?
Edit: I was wrong, thanks AnOminous for clarifying.
Ostatnio edytowane:
- Dołączono
- 28 Gru 2014
He can do exactly that. They can't actually force you to convert to Chapter 13. They can dismiss your Chapter 7 and give you that option. So you can just have your case dismissed and get ass raped by the creditors without any bankruptcy protection. What you can't do is just voluntarily dismiss your own Chapter 7 without leave of court. You need to file a motion, which can be denied.
But I Digress
kiwifarms.net
- Dołączono
- 26 Lis 2019
If he were able to surely some of his creditors would immediately file suit against him.
DarkSydeDefender
kiwifarms.net
- Dołączono
- 1 Lut 2020
But either way isn't he still screwed? No bankruptcy = no protection, correct? And chapter 13 you miss a payment and you're also screwed. The only somewhat decent ruling (for him) would be if he got Ch 7 because, if I understand correctly, they wouldn't be able to go for Phil's house due to some WA law, and if they did he'd still get 125k out of it? So wouldn't it really be a win for Phil if he got Ch 7 and a fail for everything else? Cause with 13 or no bankruptcy he has to pay or get fed to the wolves.
If I'm understanding correctly, asking for a friend of course. I'm just going off what I read here and what Nick was talking about on his stream.
- Dołączono
- 15 Sie 2017
Chapter 13 should be fine for someone in DSP's position, but his trustee would cut down hard on his "rainy day" money. As you point out, he has to actually make his payments on time despite his unsteady income and his own spending habits.
- Dołączono
- 28 Gru 2014
Unless they sold his house because it would be a soul shattering obliteration of his gout riddled delusions of being an adult.
- Dołączono
- 24 Lis 2014
Emphasis on should be fine for someone in DSP's position. Most anyone else in his situation would find a way to make ends meet while making their payments. I honestly see Phil getting maybe three months into his payments before he Phils it up and decides to buy the Super Mega Ultralux Sex God Edition of Call of Duty 2021. However, he can't just call upon his fanbase to help him out at that point. Despite the fact that a 13 isn't designed to make the debtor live like a hermit for the duration of the payment, here wouldn't be a lot of room for outside of what would be the essentials and a very small overhead. With his 10+ year "legacy" of spending habits, he'd be right and truly fucked. If he goes into a 13, it's going to make it incredibly difficult to keep on top of new releases. Shit like the new generation of consoles (because we all know he won't ever build his own PC), Cyberpunk, Assassin's Creed, and whatever else winds up coming out in Q4 of this year alone could be enough for him to actually consider choosing between food and video games. And if/when that choice becomes a topic of discussion, that'll be when the wife starts asking if this shitshow is worth it.
DarkSoulsPhil
kiwifarms.net
- Dołączono
- 28 Lis 2017
Even if he walks away with 125k, some debts (tax, debts incurred after declaring bankruptcy) aren't dischargable on bankruptcy and with his spending habits the rest wont last long.
He's likely to declare bankruptcy again.
He's likely to declare bankruptcy again.
- Dołączono
- 6 Kwi 2015
i will guarantee you
if phil thinks he got off scot-or almost scot-free
he will do this again
Kermit the Frog
kiwifarms.net
- Dołączono
- 25 Gru 2017
Phil knows that money wouldn't last very long which is why he's so desperate to keep the condo. He'd have to look for a new place, scrounge through his remaining belongings to see what he can't take with him, pay for the cost of moving, pay the down payment on his new place, buy new shit and so on. I don't blame him for not wanting to sell the condo because all of that is a gigantic pain in the ass, but he wouldn't be at risk of losing the condo to begin with if he had any self-control. For years, people were telling him to stop using credit cards for everything, stop going out to eat so much, stop getting a new car every couple years and to get something used that's affordable, to live within his means, save for the future, and he just completely ignored everyone's advice while going on about having a stupid finance degree so he knows how to handle money. He has no savings, no job prospects, no investments, no plan, and neither does Kat. It would only be a matter of time before he's back before the bankruptcy court to file again.
- Dołączono
- 5 Kwi 2019
Let's be real here. Dsp not wanting to lose the house has absolutely nothing to do with the hassle itll be to find somewhere else to live and move in. His big issue is 100% "I 'busted' my house getting enough money to buy this house, I've earned. It's not fair that it gets taken away from after I 'worked' so hard for it". Losing the house is a moral defeat, not a financial one.
- Dołączono
- 28 Gru 2014
Losing the house would mean the detractors were right.
PieceofShet
kiwifarms.net
- Dołączono
- 18 Cze 2017
*condo
lavrentiyberia
kiwifarms.net
- Dołączono
- 4 Sty 2019
I was talking with someone irl who knows about all this and I made the argument that this is precisely why detractors are not sadistic, we only want a ‘real’ thing to happen to DSP, the only pain involved in a Chapter 13 bankruptcy will be the pain of being forcefully ripped from a suffocating childish fantasy, a fantasy that is killing him.
- Dołączono
- 12 Kwi 2020
- Dołączono
- 31 Sty 2020
I hope nobody takes this analogy the wrong way, but people seem to be acting like a husband whose wife is in labor. Panicked, excited, scared, and mostly in the way. Stand at the side and cheer the professionals and your wife from the side. Don't shove the doctor aside and try to deliver the baby yourself. You want this to turn out a certain way. The best way to do that is let the professionals do what they do, and let nature take its course. Breathe. It will be okay. Even if it isn't. Even if the baby in this analogy is stillborn and he gets his discharge, it's done its job. He's been hurt and he knows he is mortal, the end approacheth, and now he can see it, and he cannot unsee it. You are watching a man unravel. His house of cards is collapsing. Even if a couple of cards at the bottom stay standing, the majority has fallen and cannot be put back up.
Even his best case scenario is failure. Because failure is at the core of his being. He's an adult male that never had to grow. Every adversity that we know of, he has failed spectacularly. He cannot hold a job, he cannot heal from slights, even from his parents. He cannot grow. Life has been comically unbalanced in how good it has been to him. But the bill always comes due. He is the Kim Jong Un of Twitch and YouTube. Everyone hates him. Everyone is cheering for him to fail and die. He is sad. And lonely. And bitter. And angry. And everyone gets to see it. His success is ultimately nothing. Dollars spent on fleeting ephemeral highs. That is his legacy to the world. Tens of thousands of bad videos and thousands of amusing videos by people far more inventive and creative than he is. He is a catalyst. He is the rot that feeds the new growth. In a way, failures like him are necessary. He is a lesson to the rest of the tribe. That is all some of us amount to.
No matter what happens. Remember. He is Phil. You are not. Take the campsite approach. Leave it in better shape than you found it. Enjoy its beauty, but do not interfere with it.
I apologize for how I type. I write like I think and speak. In broken sentences and pretty imagery that I see in my head. Please mock me as needed.
Edit: autocorrected bullshit.
Even his best case scenario is failure. Because failure is at the core of his being. He's an adult male that never had to grow. Every adversity that we know of, he has failed spectacularly. He cannot hold a job, he cannot heal from slights, even from his parents. He cannot grow. Life has been comically unbalanced in how good it has been to him. But the bill always comes due. He is the Kim Jong Un of Twitch and YouTube. Everyone hates him. Everyone is cheering for him to fail and die. He is sad. And lonely. And bitter. And angry. And everyone gets to see it. His success is ultimately nothing. Dollars spent on fleeting ephemeral highs. That is his legacy to the world. Tens of thousands of bad videos and thousands of amusing videos by people far more inventive and creative than he is. He is a catalyst. He is the rot that feeds the new growth. In a way, failures like him are necessary. He is a lesson to the rest of the tribe. That is all some of us amount to.
No matter what happens. Remember. He is Phil. You are not. Take the campsite approach. Leave it in better shape than you found it. Enjoy its beauty, but do not interfere with it.
I apologize for how I type. I write like I think and speak. In broken sentences and pretty imagery that I see in my head. Please mock me as needed.
Edit: autocorrected bullshit.
- Status