[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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Phil's keeping the condo. Its his primary residence and not really that nice, especially for Seattle. Nobody's evicting his dumbass from a mortgage he still owes 3/4 of and has consistently been paying.

That's out of our and Nancy's hands. If he goes over the equity cutoff of $125,000, she must order it sold regardless of payment history or the amount remaining. If he's under, she can't touch it. I think it's a really heavy handed system but at the same time it'd be hard to make a fair one without having impossibly convoluted laws and policies.

I assume the fact that it's still an asset case, and a figure for the discharge hasn't been decided on yet, means that a liquidation is imminent, so that that figure can be calculated?

Not with the information we have on hand and probably not with all the information that will be made public. There are hard upper limits on exemptions (read the filing but he lists several categories of assets, the legal exemption limit, and the amount he claims for each) but anything above those limits is fair game for liquidation-it could be $10, could be $10,000, even the judge might not know the exact value since the rule is "take anything that isn't exempt". I don't even know if we'll find out how much it gets at auction.

The big question is the WAKhando-like I mentioned above the $125,000 limit on home equity is all or nothing . I don't know if she has to file an statement if she agrees it's below the cutoff, but if it is over the cutoff she + the judge would have to publicly announce the sale. Either way I'd expect a very long resolution here thanks to WuFlu.
 
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Rekieta said pretty explicitly that bankruptcy is biased towards the debtor and not to get our hopes up too much.

Although I believe that debt racked up post-bankruptcy is truly the silent killer. After this mindblowing display of DSP luck I can only watch as our hero once again survives tragedy to continue his life as a vastly unpopular beggar behind on his taxes
While I haven't watched Rekieta much lately, most times Ive watched him he always gives alot of disclaimers that his predictions are not definitive and its totally possible something else can happen do to the dynamic and subjective nature of the court room. Assumptions about his inaccuracies seem to be the byproduct of fans treating his predictions as word of god more than him providing misinformation.
 
What taxpayer money? Phil's still on the hook for his taxes, and all his other debt was to private entities. I'm not really going to be weeping into my beer because Citibank can't m-ilk DSP for another 30 years.
The banks tend to have a way of getting their money one way or another. Even if he's not getting that debt forgiven directly you could argue that itll go to the bank indirectly via some bailout later on.
 
way crazier shit has been discharged before, you gotta fuck up much worse than DSP to fail to get bankruptcy. I didn't follow the predictions much but its amazing that anyone is surprised.

While I haven't watched Rekieta much lately, most times Ive watched him he always gives alot of disclaimers that his predictions are not definitive and its totally possible something else can happen do to the dynamic and subjective nature of the court room. Assumptions about his inaccuracies seem to be the byproduct of fans treating his predictions as word of god more than him providing misinformation.
they hear whatever they want to hear. eventually he is going to have more haters than supporters because they didn't listen closely enough or ignored the disclaimers.
 
Well I can tell you after this news I'm gonna finish up the rest of the day at my low stress job that I love, go home and responsibly drink some of my favorite whiskey, fuck my loving fiance, then finish up the night playing some FF7R because I actually enjoy the game and am having fun with it. I'll get paid a nice steady paycheck this Friday, so I think I'll pay my bills, toss some money into savings, then meet up with some friends to play some board games or disc golf.

What do you think Phil is going to do with this news?
 
wow who knew some fag who wasted his time trying to defend muh animee would be wrong about phil

phil always wins
 
Maybe we'll get lucky and his ear pain is a brain tumor.

That's why I'm not fuming mad right now. At the end of the day, this is still just the least worst outcome for Phil, and he still has his health problems, which I guarantee you are worse than he knows. Not even the pigroach is going to cheat the Grim Reaper. Shit, he could die on stream.
 
If you're crying about fucking Chase bank losing out on 30k from a fatfuck failure why dont you dry those tears and look at how much they're raking in a year off idiots like Phil coasting on minimums.
I think it's more the fact that most people live lives far morally superior to Philth and watching a toxic, greedy, lying parasite benefit from a system that suckers (sorry, ahnest people) pay into ever year with their blood, sweat and tears might rub people the wrong way. No one cares if a bunch of oven magnets get gipped of a few shekels.
 
DSP trully rolled his stats to be luck heavy. It's a pity this luck doesn't carry over to games.
His luck stat only ever seems to come into play when it's a clutch moment. Won't change the fact that he's an unlikable faggot who is stuck in the same routine with a loveless marriage and a dedicated army of people who hate him.
 
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