I-134 - using my assets

[tommysgirl 0]

Tom is self employed and was off for several months in 2005 due to surgery, therefore we are just short of requirements.

Instead of using co-sponsor could we use my assets? I have a home I am trying to sell which will more than cover 5 times the difference. If it doesn't sell before I go we will "rent to own it".

Can anyone tell me how to include my assets on I-134?

Thanks for help.

[tommysgirl 0]

OK - I found and old post from Aussiewench stating I-134 for K visas needs only to be at pverty level or just above and that other things are factored in.

I would rather use my assets and not get a co-sponsor.

Does anyone know if this will work in Montreal and how I go about doing it.

- fill in Ii-134 myself?

- write letter with house appraisal and mtg statement from bank also showing any other debt I have?

I'm hoping my house will sell soon and then I could show cash assets

Need to get started on this

Any thoughts appreciated

[aussiewench 9]

I am not up on using the foreign assets but someone will know the ins and outs.

I'm assuming Tommy is the USC, yes?

If the sponsor is well established in business, he or she may submit a rating from a recognized business rating organization in lieu of the foregoing.

C. If self-employed:

1. copy of last income tax return filed, or

2. report of commercial rating concern

I-134 Guidelines

Edited May 16, 2006 by aussiewench

[Rebster 0]

Tom is self employed and was off for several months in 2005 due to surgery, therefore we are just short of requirements.

Instead of using co-sponsor could we use my assets? I have a home I am trying to sell which will more than cover 5 times the difference. If it doesn't sell before I go we will "rent to own it".

Can anyone tell me how to include my assets on I-134?

Thanks for help.

Question #7 on the I-134 has lines for you to list your assets as well as income.

You can list tangible assets like jewelry, art, etc on the "personal property" line. The savings, life insurance & other lines are pretty self explanatory.

We are also using real estate on our form. On the form it has a line for "I own real estate valued at" on that line we are using the amount given to us on our recent real estate appraisal. The next line is "With mortgages or other encumbrances thereon amounting to $" We are going to include the latest copy of our mortgage statement, showing the remaining mortgage on the property. This will then be our proof of our equity in the house.

I hope that helped! Good luck.

[Yodrak 7]

tommysgirl,

Interesting question. I don't know the answer.

To be more precise, I don't know the answer that your consulate would give you, and they're the ones who will be reviewing the financial situation to determine whether or not you meet the public charge provisions of the law. Looking at the I-134 I don't see any way to do it unless the house is your husband's to sell. But for a K visa one does not necessarily need a sponsor or a sponsor's I-134 if one has adequate financial resources of their own. So, be prepared with your husband's I-134 and other documentation of his financial situation, and with your own financial documentation. His plus yours may well satisfy the consular officer that you are not likely to become a public charge.

How was your husband's income in 2003 and 2004? How is it now that he's recovered from his surgery? If at a satisfactory level your assets may not be necessary.

Recognize that the rules associated with the I-864 do not necessarily apply to the K-visa situation (unless the consular officer who is handling the case decides to apply them for some reason, but that would be his personal decision).

Yodrak

Tom is self employed and was off for several months in 2005 due to surgery, therefore we are just short of requirements.

Instead of using co-sponsor could we use my assets? I have a home I am trying to sell which will more than cover 5 times the difference. If it doesn't sell before I go we will "rent to own it".

Can anyone tell me how to include my assets on I-134?

Thanks for help.

[Boiler 46,056]

A least one Consul allows you to self sponsor, ask your Consul what there position is.

[tommysgirl 0]

Tom's employment this year and previous years were fine - it's just 2005 that is low due to recovery from surgery the end of Dec/04

Do you think if we show previous years tax statements and this your earnings plus my assets - I also have jewelry worth about 10,000. (low estimate), it would be enough. Maybe I should give it to him to claim as his!

We could get a sponsor (friend) but don't want to bother them. We'll probably need them for I-864 by the looks of it.

Do you think I should try contacting the embassy in MTL.?

[Yodrak 7]

tommysgirl,

'Fine' is not exactly a quantitative measure, but if it means well above the poverty level (also not very quantitative) then his low income while recovering from surgery may not be a problem.

Was the surgery for a one-time type of thing? Or is he likely to have recurring problems that may affect his income again in the future? Hopefully the former and he can document it.

Yodrak

Tom's employment this year and previous years were fine - it's just 2005 that is low due to recovery from surgery the end of Dec/04

Do you think if we show previous years tax statements and this your earnings plus my assets - I also have jewelry worth about 10,000. (low estimate), it would be enough. Maybe I should give it to him to claim as his!

We could get a sponsor (friend) but don't want to bother them. We'll probably need them for I-864 by the looks of it.

Do you think I should try contacting the embassy in MTL.?

[meauxna 15]

Tom is self employed and was off for several months in 2005 due to surgery, therefore we are just short of requirements.

Instead of using co-sponsor could we use my assets? I have a home I am trying to sell which will more than cover 5 times the difference. If it doesn't sell before I go we will "rent to own it".

Can anyone tell me how to include my assets on I-134?

Thanks for help.

2005 aside, is Tom's current income +sufficient?

If you want to document real estate as an asset, you need a reliable valuation of the poperty (could be a recent formal appraisal or informal market valuation) and evidence of the mortgage balance. The remaining equity can be used as an asset at the 1/5 formula.

I know London UK is very self-sponsoring friendly; maybe you should contact the IV Unit of your Consulate to find out how they like it?

[tommysgirl 0]

Thanks everyone for your replies

I'm going to wait till Tom comes up in a few weeks and we can go thru his 134 and maybe phone the embassy while he's here.

If we need a co-sponsor, we have one but it is a bit of a bother for the K3 and then again for the I-864

I might just e-mail the embassy this week after getting some details from him. Who knows they just may respond!

Tom's surgery was a one time thing so maybe with documntation of this plus prev. year and this year income statements we may be OK plus he has assets and equity in his house.

I'll post after I know something as a reference for others in the same situation.