I-864 on assets alone?

[sashitaski 3]

Has anyone tried to use only assets to meet the requirements for the I-864 in Moscow?

I am a student and therefore my only income is through student loans. My dad is the joint sponsor. The problem is that he was just laid off (in January). Before that, his salary was much more than what was required for the I-864 (about 4 times more). So we decided to use assets (5X 125% of what is required). The assets include 401k, stock, and his investment portfolio. All of them can be converted to cash in less than a year. He is still receiving severance from his previous job, as well as actively searching for a new one. His tax returns for the last three years show a high, stable income.

Also, he used my mom's income as a household member. She does not make enough to meet the requirement, but at least this will show that she currently has a job.

So we have included proof of all assets, the last three pay stubs from his job, severance pay stubs, my mom's information, and an explanatory note explaining that he is using assets since he just lost his job due to the economic crisis.

It seems that, in theory, we have met the criteria for the I-864, but I understand that using only assets is tricky and doesn't always work.

How good/bad are our chances? This was quite unfortunate and came as a shock for all of us. Of course it would be best to find another sponsor, but so far I haven't been able to.

Any thoughts?

[slim 1,525]

I have no experience with the I-864 so I don't know what they're specifically looking for but I do know the main thing they're really trying to determine is if you're going to have enough to support yourself and your beneficiary.

Obviously, as a student, you're not going to be doing it alone. As long as your dad has the assets he says he has, and can prove he has them (through statements, etc.) then you should be OK.

[sashitaski 3]

I have no experience with the I-864 so I don't know what they're specifically looking for but I do know the main thing they're really trying to determine is if you're going to have enough to support yourself and your beneficiary.

Obviously, as a student, you're not going to be doing it alone. As long as your dad has the assets he says he has, and can prove he has them (through statements, etc.) then you should be OK.

Thanks, Slim, for answering! I've been worrying a lot about this lately, but I think it will be okay. They are looking for employability and if they think that person is able to keep the immigrant off welfare. With my dad's record, plus assets, I think we'll be okay. Also, he might be getting a new job as early as next week...

Now I just have to worry about whether my husband's finger will heal (!) in time for the interview. We got a piece of paper from the embassy that says you have to reschedule if you have any bruises or cuts on any of your fingers. That will be a good story to tell when people start asking me how the interview went and I say it didn't yet because he hurt his finger

[slim 1,525]

Get well soon!