[Dec 15 2019] Foreclosure Saga - http://civilinquiry.jud.ct.gov/CaseDetail/PublicCaseDetail.aspx?DocketNo=FBTCV196091825S

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Will DSP file his bankruptcy before MidFirst Bank gets their hands on his WAkhando?

  • Yes

    Votes: 112 51.9%

  • No

    Votes: 104 48.1%
  • Total voters
    216
TheGoutburglar said:
If Phil has been relying on a payment plan five years in a row, whether it's because of Champions or not, it WILL be from this point forward, so it seems a foregone conclusion that him reaching a tax debt that rivals his gacha spending is inevitable. He's not paying enough per month to keep it from climbing year after year, because if he could do that, he wouldn't be having this problem to begin with.

Whether or not that will result in the IRS crawling up his ass, who knows, but with his financial situation being dictated by an addiction he refuses to address, I don't see how he could avoid his debt piling up to ridiculous levels in another decade. Then again, the most unprecedented scenario in my view isn't him pigroaching his way out of things, it's him ceasing to be a pigroach by actually relenting on his shitty ways for once. That's what it will take, given what got him here.
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And the best part is that IRS debt's will never be cancelled by banmkruptcy. He will be paying the state until he dies. And then Ket will pay of the rest most likely selling the Snort Fort to pay of the remaining debt. Unless as you said the IRS will be getting suspicious of a person who makes so much money not being able to pay his taxes for years in a row (unless this internet business comes automatically with a flag "instable income" and therefore more leneincy)
 
Balr0g said:
And the best part is that IRS debt's will never be cancelled by banmkruptcy. He will be paying the state until he dies. And then Ket will pay of the rest most likely selling the Snort Fort to pay of the remaining debt. Unless as you said the IRS will be getting suspicious of a person who makes so much money not being able to pay his taxes for years in a row (unless this internet business comes automatically with a flag "instable income" and therefore more leneincy)
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Ten years of returns showing that his income never dips below $100k SHOULD eliminate that protection. WILL it? We'll find out one of these days, we can be sure of that. Like I said, Phil's addiction to Champions is obviously the reason he doesn't pay his taxes on time, so unless some multiverse fuckery happens and he gets replaced by a smarter version of himself, he's going to continue lacking the available funds come April of every year from here on out.

Oh, and I don't know how this will, or can, factor into the equation, but it's worth mentioning nonetheless that so much of Phil's income is tips, which he begs for. The IRS isn't going to know that, or really grasp how that works, the way we do. But Phil does, and he's not about to explain it to them. He's not going to tell them he gets on camera and goes on about how much he could really use that money, especially since, for years, he has been doing that for paying his taxes.

That could make things rather interesting, maybe, if they ever get around to investigating him. Asking him questions about his internet business, trying to figure out why he can't afford his taxes despite his income never dipping below $100k. He doesn't sell merch, he doesn't have employees, he doesn't maintain any actual office in a building he leases from someone else like so many actual businesses, etc. He has no blatant reason for his expenses being outrageous, and there's really only one logical conclusion to draw from that after awhile.
 
Like many businesses the IRS is short staffed so they won't dig deep into phil's shit probably. If he really has a CPA like he says he probably gives the IRS just enough info to keep them off phils back. It's interesting to note that phil would rather spend 40k on champions then payoff his debts to the IRS. I feel like most people if they had the money would get off the radar of the irs asap. Also LOL someone bought that shithole condo for 92k.
 
TheGoutburglar said:
That could make things rather interesting, maybe, if they ever get around to investigating him.
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The IRS doesn't want to investigate him. He's already their perfect customer.
Remember, he's not giving the IRS the same massive pig lies that he gave Nancy. All the evidence points to him being totally honest with them. So he's paying the IRS exactly what they want to be paid, and voluntarily going on the Retard Plan to pay it over time with a generous interest rate added on. And as far as we know he's never missed a payment. Why would the IRS want to change any of this?
 
Kosher Dill said:
The IRS doesn't want to investigate him. He's already their perfect customer.
Remember, he's not giving the IRS the same massive pig lies that he gave Nancy. All the evidence points to him being totally honest with them. So he's paying the IRS exactly what they want to be paid, and voluntarily going on the Retard Plan to pay it over time with a generous interest rate added on. And as far as we know he's never missed a payment. Why would the IRS want to change any of this?
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That is a fair enough point, however, it rather hinges on them knowing that Phil actually can pay up on time like he's supposed to, and electing to just milk him instead. Like a bank would. If so, sounds like he's safe forever, because no bank would want to rock that boat either.

But if not...
 
Kosher Dill said:
The IRS doesn't want to investigate him. He's already their perfect customer.
Remember, he's not giving the IRS the same massive pig lies that he gave Nancy. All the evidence points to him being totally honest with them. So he's paying the IRS exactly what they want to be paid, and voluntarily going on the Retard Plan to pay it over time with a generous interest rate added on. And as far as we know he's never missed a payment. Why would the IRS want to change any of this?
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I looked it up because I was curious and it looks like the current IRS underpayment annual interest rate is 4% (federal short rate + 3%), compounded daily. Maybe that's why he's effectively using the IRS as a line of credit lmao
 
Piece of Peace said:
Maybe that's why he's effectively using the IRS as a line of credit lmao
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My mind is officially blown :story:
It really is just like his old habits, he keeps a perpetually maxed-out balance that he makes minimum payments on. If anything, this is actually smarter than doing the same with a 15% (or whatever) credit card.
 
Piece of Peace said:
I looked it up because I was curious and it looks like the current IRS underpayment annual interest rate is 4% (federal short rate + 3%), compounded daily. Maybe that's why he's effectively using the IRS as a line of credit lmao
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It's incredible that he's a longtime scammer, who does recognize his own behavior in others, yet falls for shit like that.

Then again, his priorities are so fucked, that it doesn't even matter if he's really being duped. He's going to get a six year loan for buying a car so he can pay less per month even IF he knows it means more money out of his pocket in the long run. Especially these days, with chasing fake internet points in a mobile game being more important to him than anything. If he went with a two year loan, it would mean fewer pulls.
Kosher Dill said:
My mind is officially blown :story:
It really is just like his old habits, he keeps a perpetually maxed-out balance that he makes minimum payments on. If anything, this is actually smarter than doing the same with a 15% (or whatever) credit card.
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Up until it isn't, potentially.
 
Kosher Dill said:
My mind is officially blown :story:
It really is just like his old habits, he keeps a perpetually maxed-out balance that he makes minimum payments on. If anything, this is actually smarter than doing the same with a 15% (or whatever) credit card.
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Yup, but what he loses is the flexibility (min payment on a credit card is usually <$100) so he could adjust down during lean times vs. the $500 to $750 minimum a month that he has to make to the IRS per ongoing installment plan. That's actually to his benefit though because he always defaults to making only minimum payments on all his debts (like every true mature adult should).
 
Piece of Peace said:
Yup, but what he loses is the flexibility (min payment on a credit card is usually <$100) so he could adjust down during lean times vs. the $500 to $750 minimum a month that he has to make to the IRS per ongoing installment plan. That's actually to his benefit though because he always defaults to making only minimum payments on all his debts (like every true mature adult should).
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ITS WWE CHAMPIONS TIME!!!
 
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