[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

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What will happen with his case following the 341 meeting?

  • Still gets Chapter 7

    Głosy: 126 18,1%

  • Changed to Chapter 13 and ultimately fails to make his required payments

    Głosy: 218 31,3%

  • Chapter 13 and successfully completed all payments

    Głosy: 19 2,7%

  • Complete dismissal of the bankruptcy

    Głosy: 334 47,9%
  • Łączna liczba głosujących
    697
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AnOminous powiedział(a):
Chapter 13 is, in the long term, the funniest possible outcome, because it would be a yoke around Phil's neck for literally years. Even if he never visibly fucked up, and he would, he'd be constantly fuming and mad about it, so it would be a neverending source of chimpouts.
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13 will be fun because he'll have to beg for enough money to make his payments, but he's going to resent anything extra he gets, because that'll just go into his payment too. And if he begs too well, his monthly payment could go up, right?

h0g powiedział(a):
Even if he ends up getting chapter 7, he WILL still fuck up. He won't be able to get a new credit card, he will still beg for more and more. For as long as he's on the internet, he will never stop having emergencies and financial drama.
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He'd be able to get a credit card. It would just have a stupid high interest rate, so he'd end up back where he is sooner.
 
actually powiedział(a):
@AnOminous, how are the payments determined, and how often do they check to see if the payments should be updated?
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Imagine a 42 year-old man on the internet telling children that he'll put on a special vest if they tip him. Or he might go to jail. For real this time.

Really though, the vest streak ultimately fucking him harder would just be amazing.
 
actually powiedział(a):
@AnOminous, how are the payments determined, and how often do they check to see if the payments should be updated?
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Don't mean to cut in with my lack of bankruptcy knowledge, but hasn't someone in this thread already said something along the lines of
Payments are determined by his average income, and each month if they see he's somehow increasing his average, it goes up too
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Although, I could be misremembering or suffering another fever dream.
 
actually powiedział(a):
@AnOminous, how are the payments determined, and how often do they check to see if the payments should be updated?
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I'd have to be paid to figure it out. It's a nightmare. The basics is the plan has to pay all of some priority debts like back taxes and child support and things like that and anywhere from 0 to 100 percent of everything else. The plan eats all your "disposable income."

Here's some basics:
(warning has annoying popup chat windows since they are trying to get you to lawyer up even though you aren't declaring bankruptcy).

The debtor makes the proposal, which has to be okayed by the court. So there's a certain amount of weasel room but I don't know how much.

It's highly specialized and this is why bankruptcy lawyers that have to do more than just rubber stamp your bullshit charge a lot.
 
AnOminous powiedział(a):
I'd have to be paid to figure it out. It's a nightmare. The basics is the plan has to pay all of some priority debts like back taxes and child support and things like that and anywhere from 0 to 100 percent of everything else. The plan eats all your "disposable income."

Here's some basics:
(warning has annoying popup chat windows since they are trying to get you to lawyer up even though you aren't declaring bankruptcy).

The debtor makes the proposal, which has to be okayed by the court. So there's a certain amount of weasel room but I don't know how much.

It's highly specialized and this is why bankruptcy lawyers that have to do more than just rubber stamp your bullshit charge a lot.
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Oh, I didn't mean figure out exactly how much he'll pay. I just meant in general.
 
Muppetmode powiedział(a):
Do you want salt With fundraisers or salt with fundraisers?
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Here's my dilemma. If he gets a dismissal, there's some immediate salt with the creditors swooping in for the kill, but he can also refile, although I guess it would have to be under 13, and so that will just prolong this further. Although he may not be willing to pay out again for another bankruptcy, and there's the possibility he actually tries to sell the WAkhando, which would be hilarious in its own right.

On the other hand, a Chapter 13 payment plan would be like a drip feed of salty manlet rage over the course of 3-5 years or whatever, and he wouldn't get to enjoy any months where he made extra money (like last month) because any "excess" would go to his creditors. So it would be a weird mix of begging for money and then being pissed about getting it, but there's also a chance he actually makes it through. It's unlikely, but possible.

And in the background of all this, he still has his 2018 federal tax payment plan, and if there's any truth to what he said, he might have thousands of dollars of taxes still owed for 2019 as well, so that could be a whole other substory if the IRS gets bitchy with him.
 
13 would be more fun as Phil would feel actual suffering that he deserves while being forced to live with no fun money, but I really doubt he's going to get it with how aware Nancy seems to be.

Dismissal is the clear favorite, which I'm hoping for.

My end "goal" is Phil losing the WAkhando. Once he does, I'm probably done following Phil. It's what he deserves, and as Phil says, the detractors would win.
 
I'm rooting for 13.

I really want him to get through some months and then they release some special edition Hogan.

And the Hulkster takes him down after a rough night of gin and pulling, realizing far too late that he's against the ropes after throwing in 4k$. Can't tap out of that one, Philbert.
 
Conversion to 13 is my top pick, followed very closely by 7 but Nancy forces him to sell the condo, last is dismissal.

Dismissal means nothing would change all that much since Phil isn't taking the bankruptcy process seriously anyway and he would just revert back to his even more boring ways before all this happened. I suppose the foreclosure saga would still keep things interesting for a while.

Him losing the condo and all of his possessions that he sees as proof of his maturity would be sweet, poetic justice. This would no doubt produce the saltiest Phil rant ever as he begins to look for a new place and cries about how he doesn't deserve this when he most certainly does.

Chapter 13 means that for x amount of years, Phil will be forced into living within his means. Not being able to get fast food all the time or spend absurd amounts on WWE Champions would throw his world into disarray. Every day would be miserable for him as the begging gets to even more desperate levels. Phil would eventually slip up and miss a couple payments because he's an irresponsible cunt, then he would really be in deep shit. He might be forced to sell the condo anyway with his creditors actively going after him at that point. Even if by some miracle he managed to get through 13, he wouldn't learn a goddamn thing and he'd still be the same dumbfuck lolcow.
 
My preference would be dismissal with prejudice (meaning he couldn't refile), followed by conversion to 13, then 7-but-sell-snortfort. Lightning round is a full-fat IRS audit.
 
13 is funniest because Phil paying a massive bill each month would kill him dead.

Also remember he promised Kat a cruise after he won bankruptcy imagine he has to tell her thats 5 years of no mommy experience money later. She's outta there.

Also the chance Phil fucks up the 13 four years in is too good to miss.

If it gets dismissed isnt funny because they'll all just want Phil to keep paying them sweet sweet interest rates til the sun burns out, not force collections.

Chapter 7 (worst case scenario for us) and Phil celebrates with dick waving spending to staycations and shit and immediately ends up in debt again. I can't even imagine a timeline where Phil is ever content/happy. Its inconceivable to me.
 
I think the real fun in chapter 13 is the hypothetical of his whales actually drying up again, or them just being no shows for a month or two, and fucking up a payment because he had a slow month.
 
Chapter 13 puts people on a budget that is sustainable. It is adjusted for a specific area, so it accounts for higher COLs. It might be a bit more frugal than the average household, but it includes plenty of money for groceries and household goods. It allows eating out occasionally and a bit of entertainment expenses. What is doesn't include is weekly $500+ gacha binges, ordering stupid ass tofurky abominations from QVC, or paying $200 for someone to come to your condo and assemble an exercise bike that an average person could do in 30 minutes. So for Phil, it means 3-5 years of pure hell.
 
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