[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

[DogZero]

hahahaha he doesn’t have to pay or lose a single statue and all his credit card debt is gone.

fuck the banks. great writing as usual this arc, can’t wait for the next saga.

 

[Cuckoman]

The thing I don't get is why the case wasn't dismissed (especially if she wanted him out of her hair). She had evidence that he had made no effort to reduce his bills and spending (considering she could see, and even asked about, why he was still paying for non-essential services like WWE Network - he was essentially willing to pay money he apparently didn't have to the WWE, and that's not even including his alleged WWE Champions account). Discharging his debt might have been a better option than trying to liquidate, but she could just as easily of told him to fuck off and stop filing nonsensical paperwork and to budget things better before resorting bankruptcy.

I bet a big part of the reason was an army of retards wanting to pozload my neghole and exploding Nancys mailbox with crazy and delusional rants. After reading a few thousand of these crazy fucking emails she decided "I don't want to deal with these retards" and just rubberstamped whatever Phil wanted just to get the poop off her plate.


There is a lesson here for Phil to learn (I know you read this fora).
Next time, and there will be a next time, make sure the retards go full retard and blow up Nancys mailbox and you will get off scott free, again!

And don't feel bad about abusing it. See it just like a cheat-code for a game.

 

[DogZero]

I bet a big part of the reason was an army of exceptional individuals wanting to pozload my neghole and exploding Nancys mailbox with crazy and delusional rants. After reading a few thousand of these crazy fucking emails she decided "I don't want to deal with these exceptional individuals" and just rubberstyamped whatever Phil wanted just to get the poop off her plate.

it would be really funny if it came out later that she rubberstamped it despite the issues after she found out that guy claiming to be citibank was a liar. Like she came in with all the questions that day ready for it to go one way but was so disgusted once she found out the lengths people were going, to the extent of pseudo identity theft on the record that she just said fuck these people and let phil off.

now THAT would make a fun twist and lend some kind of lesson to this tale.

 

[Cuckoman]

it would be really funny if it came out later that she rubberstamped it despite the issues after she found out that guy claiming to be citibank was a liar. Like she came in with all the questions that day ready for it to go one way but was so disgusted once she found out the lengths people were going, to the extent of pseudo identity theft on the record that she just said fuck these people and let phil off.

now THAT would make a fun twist and lend some kind of lesson to this tale.

Plot twist. That guy was DSP with a voice scrambler!

 

[Professor Iris]

I think the credit card companies realized that there was nothing to be gained from suing a man who probably has naught but a spunk jar by his couch and a big bucket of salt to his name.

 

[FrankPentangeli]

it would be really funny if it came out later that she rubberstamped it despite the issues after she found out that guy claiming to be citibank was a liar. Like she came in with all the questions that day ready for it to go one way but was so disgusted once she found out the lengths people were going, to the extent of pseudo identity theft on the record that she just said fuck these people and let phil off.

now THAT would make a fun twist and lend some kind of lesson to this tale.

I wonder what percentage of the hundred of emails she undoubtedly received ended with "And he masturbated in front of children too" in all caps?

 

[tzgnilki]

I think the credit card companies realized that there was nothing to be gained from suing a man who probably has naught but a spunk jar by his couch and a big bucket of salt to his name.

the amount he paid in interest alone was probably more than the debt itself

 

[Just Some Other Guy]

So much for the metric shit ton of posts making Nancy out to be some badass agent of retribution. It's like Chupp all over again. Just remember, these are all people just doing a job, and sometimes they're just not gonna give a fuck.

You know, for the next time this happens and people form a cheering squad for some random person that has nothing to do with them.

 

[DiabeticSP]

I think the credit card companies realized that there was nothing to be gained from suing a man who probably has naught but a spunk jar by his couch and a big bucket of salt to his name.

the amount he paid in interest alone was probably more than the debt itself

This is probably why it went through the way it did. We all see a scammer pigroach making 100k a year, the banks see $30k in whats already pure interest by now. Its not worth collecting. "But they could take the condo!!" but like people in this thread have pointed out why bother? All that work to cover what? The condo bank wants him paying them minimums until he dies just like the credit card companies did.

None of the debtors fought the bankruptcy because theres nothing to come after. Phil isnt hoarding money. He's not buying convertibles or summer homes. He has LESS in assets than some redneck with an old ford on blocks in the front yard of their subdivision townhouse.

Middle unit condo in a shit neighborhood with hilariously high HOA fees because its 'gated' by a two foot wall? In a housing bubble primed to burst because of corona? In Seattle land of overpriced housing? Fuck outta here, the bank wants the idiot they already roped in paying his premium mortgage as slow as possible for maximum steady interest profits.

If Phil wasn't a fuckup he'd either have assets to take or he wouldn't be going bankrupt. Its disappointing because I want to watch them light his feet on fire to make him dance, but if you step back and look at DSP with as little bias as possible you remember he's just a sad man in a fust filled middle unit condo.

Slays me this stupid bastard didnt even get an end unit. Isnt the OG condo a middle unit (second floor) or something equally dumb?

Nigga you made $150k+ when you moved why didnt you get a townhouse or at least a duplex with a yard.

 

[Cyber Bowling]

So much for the metric shit ton of posts making Nancy out to be some badass agent of retribution. It's like Chupp all over again. Just remember, these are all people just doing a job, and sometimes they're just not gonna give a fuck.

You know, for the next time this happens and people form a cheering squad for some random person that has nothing to do with them.

It was mentioned earlier on, but when it comes to this kind of thing happening to a cow, it's important not to hype up the end result. Pretty bad things have happened to Phil before, but because it didn't result in him immediately becoming homeless, people were disappointed and feel like he's never had anything negative happen to him.

At the end of the day, Phil's pride took a pretty big hit from having to declare bankruptcy, and based on his increased salt levels lately, I think it's fair to say it had at least some kind of impact. Even if things had gone worse for Phil, I feel like in a few days whatever satisfaction people got from the ruling would be lost when some paypig threw their disability check at him to put on a vest.

 

[The Penultimate Warrior]

Getting kicked out of his faction would have been a major blow to his ego as well.

 

[Hard Toothbrush]

So much for the metric shit ton of posts making Nancy out to be some badass agent of retribution. It's like Chupp all over again. Just remember, these are all people just doing a job, and sometimes they're just not gonna give a fuck.

You know, for the next time this happens and people form a cheering squad for some random person that has nothing to do with them.

There aren't enough in the world for that to happen. Besides, autists gonna autist.

BTW thanks for reminding me about the Chupp thing, time to revisit that thread and get a good laugh.

 

[kebab4you]

Probably buried somewhere deep in this thread but I couldn't find it: How does income work during the bankruptcy period in the states? Is it like here where most cases you have a "minimum subsistence" and any cent above that the states take?

 

[Exceptional Chimp]

You know what? Fuck it. Hail to the King, baby! Looking forward to the divorce arc when Phail gets half of Kat's salary in alimony and child support for Jasper, even though he'll be a non-custodial "parent".

https://youtu.be/DelhLppPSxY

I've been invited to apply for all sorts of credit cards. Gin and gacha all day every day, bitches!

 

[David Davidson]

I think the best takeaway from all of this is it took a bankruptcy for him to crawl out of his own stupidity.

He got the copywrite strikes that "destroyed" his channel back in 2015. He had over four years to change his spending habits while still raking in well over 100k a year. He put everything on credit to the point where he had nothing left every month (if his bankruptcy forms are actually accurate.) He bought a new car instead of a used one while in this hole because that's how financially savvy he is. He went behind on state buisness taxes and his federal taxes to the point where he had to pay them on credit. Hell, 131k of credit at 20% APR is only ~$2k extra per month of spending he gets back on the ludicrous $10k-12k he gets per month.

He is bound to screw up again within the next eight years and he won't have the bankruptcy safety net to save him. And by the way, Kat agrees with me.

 

[actually]

Probably buried somewhere deep in this thread but I couldn't find it: How does income work during the bankruptcy period in the states? Is it like here where most cases you have a "minimum subsistence" and any cent above that the states take?

If you mean while the bankruptcy is moving through the court, no, he gets to keep all of it. The only time something like you describe occurs is in a Chapter 13 bankruptcy (after approval by the court). That's why I wanted that one--years of Phil being forced to abide by a budget someone else sets, and if he screws up, he is thrown to the wolves.

 

[F15S MTD]

USA NAMBA ONE

 

[tzgnilki]

This is probably why it went through the way it did. We all see a scammer pigroach making 100k a year, the banks see $30k in whats already pure interest by now. Its not worth collecting. "But they could take the condo!!" but like people in this thread have pointed out why bother? All that work to cover what? The condo bank wants him paying them minimums until he dies just like the credit card companies did.

None of the debtors fought the bankruptcy because theres nothing to come after. Phil isnt hoarding money. He's not buying convertibles or summer homes. He has LESS in assets than some redneck with an old ford on blocks in the front yard of their subdivision townhouse.

Middle unit condo in a shit neighborhood with hilariously high HOA fees because its 'gated' by a two foot wall? In a housing bubble primed to burst because of corona? In Seattle land of overpriced housing? Fuck outta here, the bank wants the idiot they already roped in paying his premium mortgage as slow as possible for maximum steady interest profits.

If Phil wasn't a fuckup he'd either have assets to take or he wouldn't be going bankrupt. Its disappointing because I want to watch them light his feet on fire to make him dance, but if you step back and look at DSP with as little bias as possible you remember he's just a sad man in a fust filled middle unit condo.

Slays me this stupid bastard didnt even get an end unit. Isnt the OG condo a middle unit (second floor) or something equally dumb?

Nigga you made $150k+ when you moved why didnt you get a townhouse or at least a duplex with a yard.

$130,000/$500,000, not really much of a win

$230,000/$500,000, if midfirst let him off

but as we saw early into the foreclosure saga, the deficiency is considered taxable income if it's not collected/pursued by the bank

knowing how far into the future DSP's scope is, which isn't very far at all, he won't see this coming

his tax bill next year is going to be pushing beyond $50,000

 

[Secret Asshole]

Hahaha, this is amazing. On one side, Phil has incredible luck. On the other side, his credit is assraped for the next decade. Bankruptcy really isn't a good thing.

 

[SaidNoOneEver]

Hahaha, this is amazing. On one side, Phil has incredible luck. On the other side, his credit is assraped for the next decade. Bankruptcy really isn't a good thing.

Tens of millions of people will likely be filing bankruptcy in the next 12-18 months. It will no longer carry any stigma. There wasn't much stigma attached to it after 2008 anyway. It's not 1950.