Holy Lobst got btfo so hard this is fucking hilarious

(00:00–00:43) Creator announces this is the final video about his lawsuit with Billy Mitchell; previous silence was due to considering an appeal, which he ultimately did not pursue.

(11:52–14:50) Owes Billy $990k but had no money to pay; legal fees were similar to Billy’s. Filed for voluntary bankruptcy on May 9, leading to asset valuation of his properties—equity totaled far less than their market value due to mortgages.

(20:16–23:31) Bankruptcy trustee took his company shares; YouTube income does not go to Billy. In Australian bankruptcy, income over ~$120k/year is partially garnished for creditors.

(23:31–26:31) Despite winning, Billy incurred ~$686k in legal fees, losing over half a million dollars; lawsuits rarely make money unless suing wealthy entities.

(32:27) Bankruptcy protects him from further legal action on the current debt; Billy cannot sue him again over it.

(39:00–39:20) Billy rejected all settlement offers and spent hundreds of thousands suing someone with essentially no net worth.

(42:13–44:54) Suggests Billy’s financial moves—like mortgaging his wife’s house—indicated he wasn’t as wealthy as portrayed.

(1:07:57) Asserts Billy misrepresented legal events; maintains public shouldn’t believe Billy’s claims without evidence.

(1:53:03) Closing summary: admits personal mistakes in the lawsuit, confirms Billy still lost ~$500k despite victory, clarifies channel income is unaffected, GoFundMe was legitimate, and calls Billy “a lying con man.”