Money Issue

[Loni&Ekai 0]

During the process of petitioning my wife, I've run into terrible financial times. My I-130 was just sent in a few days ago, and I'll be filing for bankruptcy the beginning of September. Will filing for bankruptcy affect the approval of my petition for my wife? Should I wait to file bankruptcy? I make over $22,000 a year and I've heard that is the only qualifying factor as far as finances are concerned. Is that correct?

[Jersey Girl 2]

The other factor is assets, which might help your case as a sponsor. But if you're filing for bankruptcy, the assumption is that you don't have assets such as savings or investments.

I'd start looking for a co-sponsor with a history of reliable income. I'd also get familiar with the Affidavit of Support requirements at your Embassy.

I don't know if the bankruptcy issue will come up. I'm assuming you'll be asked for at least one tax return, but may be able to provide more if you think it paints a better picture. Check Embassy Info top of this page.

If you fill in your timeline and signature, folks can see where you are in process. You may be filing for bankruptcy in September, but you might also start a new job at the time, right? If you take a job (any job), you may have enough pay stubs at the Package 3 stage to satisfy the income requirements. Personally, I'd get a co-sponsor as a back up, but that's just one opinion.

[cguytx 0]

Since you will be dealing with the Embassy in Manila, you might want to do some more research in using a co sponsor as several on this forum are reporting that Manila Embassy does not accept co sponsors. While it does not propose a problem for me personally I don't think its right to change the rules we are playing by here in the States out at different embassies.

[john_and_marlene 162]

The other factor is assets, which might help your case as a sponsor. But if you're filing for bankruptcy, the assumption is that you don't have assets such as savings or investments.

I'd start looking for a co-sponsor with a history of reliable income. I'd also get familiar with the Affidavit of Support requirements at your Embassy.

I don't know if the bankruptcy issue will come up. I'm assuming you'll be asked for at least one tax return, but may be able to provide more if you think it paints a better picture. Check Embassy Info top of this page.

If you fill in your timeline and signature, folks can see where you are in process. You may be filing for bankruptcy in September, but you might also start a new job at the time, right? If you take a job (any job), you may have enough pay stubs at the Package 3 stage to satisfy the income requirements. Personally, I'd get a co-sponsor as a back up, but that's just one opinion.

Why does he need a cosponsor?????? Unless there are additional dependents, he already has adequate income. The bankruptcy is not an issue here.

[Rob and Melinda 0]

They dont carre about your bankruptcy, all they care about is that line 22 of your 1040 says more than 17,600 for you and your new wife. They are more interested in what are you going to do for me today than what you did in the past, really!

Everything is going to be OK, you dont need a co-sponsor, just relax everything is going to be just fine!

Rob and Melinda

[Jersey Girl 2]

Sorry, I was thinking there might be debt payments that would reduce his income. But I guess there aren't any with bankruptcy.

[Loni&Ekai 0]

Sorry, I was thinking there might be debt payments that would reduce his income. But I guess there aren't any with bankruptcy.

Thank you all for your help. If anyone has more info on this topic, let me know. I'm relieved to know the embassy only cares about the bottom line because I do meet the income requirement.

[sweety_33 0]

Sorry, I was thinking there might be debt payments that would reduce his income. But I guess there aren't any with bankruptcy.

Thank you all for your help. If anyone has more info on this topic, let me know. I'm relieved to know the embassy only cares about the bottom line because I do meet the income requirement.

Hello Loni&Ekai,

YES and don't worry because you do meet the income requirements. I've friend (Emelyn) her husband has an income of $22,000 per annum same with you. My husband's income is very very high. Emelyn and I had our interview last Thursday August 24, 2006 and thank GOD we got APPROVED. I am willing to help and answer your question if you have. I hope I could keep in touch with your wife. I am from Davao City, Philippines.

Timeline:

08-15-05 - First met in person (Davao City)

08-21-05 - Got engaged

11-03-05 - Second visit waiting for our wedding

11-10-05 - Wedding Day

11-11-05 - Honeymoon (Pearl Farm Resort 2 nights)

12-08-05 - CFO Seminar (Got Certificate)

01-26-06 - I-129F Sent

02-02-06 - I-129F NOA1 Received

03-12-06 - Third visit of my hubby

04-11-06 - I-129F NOA2 Received

04-25-06 - Consulate Received

05-23-06 - Packet 4 Sent

06-16-06 - Packet Received delivered at home by DELBROS

06-20-06 - Fourth visit of my hubby and I've done my med. exam. too (PASSED)

08-24-06 - INTERVIEW (APPROVED)

08-??-06 - Waiting the VISA

09-10-06 - Fifth visit of my hubby and will be going to US together.

I-130

11-19-05 - I-130 Sent

01-07-06 - I-130 NOA1

04-18-06 - I-130 Approval

Sweety_33

[simple_male 1]

During the process of petitioning my wife, I've run into terrible financial times. My I-130 was just sent in a few days ago, and I'll be filing for bankruptcy the beginning of September. Will filing for bankruptcy affect the approval of my petition for my wife? Should I wait to file bankruptcy? I make over $22,000 a year and I've heard that is the only qualifying factor as far as finances are concerned. Is that correct?

USCIS, NVC don't care about bankruptcy as long as you have enough income to support your wife. However, Embassy can ask any questions they feel like asking.

[john_and_marlene 162]

Sorry, I was thinking there might be debt payments that would reduce his income. But I guess there aren't any with bankruptcy.

debt payments do not figure into it either. You are not required to declare your bills/debt. Unfortunately, it is possible to qualify financially even if you have unsurmountable debt that consumes every penny of your income.

[GarynMarie 0]

Since you will be dealing with the Embassy in Manila, you might want to do some more research in using a co sponsor as several on this forum are reporting that Manila Embassy does not accept co sponsors. While it does not propose a problem for me personally I don't think its right to change the rules we are playing by here in the States out at different embassies.

Yes-Very true. I personally waited in line for 2 hours at the Embassy in Manila just to ask the question "can I use a co-sponsor for a K-1 Visa" the answer- "NO" they will though allow a co-sponsor when filing for a K-3 Visa. Now I also read this on the board before going to the Philippines and that is why I double checked-just to make sure- this was in January but Gosh-I sure hope they arent turning down co sponsors for K-3's also now.If anyone knows forsure please let me know

[flipicaneze 20]

Since you will be dealing with the Embassy in Manila, you might want to do some more research in using a co sponsor as several on this forum are reporting that Manila Embassy does not accept co sponsors. While it does not propose a problem for me personally I don't think its right to change the rules we are playing by here in the States out at different embassies.

Yes-Very true. I personally waited in line for 2 hours at the Embassy in Manila just to ask the question "can I use a co-sponsor for a K-1 Visa" the answer- "NO" they will though allow a co-sponsor when filing for a K-3 Visa. Now I also read this on the board before going to the Philippines and that is why I double checked-just to make sure- this was in January but Gosh-I sure hope they arent turning down co sponsors for K-3's also now.If anyone knows forsure please let me know

Far as what I have heard is that Manila is having alot of problems with the K-1s thus they are getting alot stricter on K-1s (Domestic Abuse, US citizen abandoning immigrant fiance) This may be some evidence to prove how much harder it is now.

Other then that, once you get past everyone before the actual consul, as long as you make enough and don't dress like an idiot, you should be fine, that is if you are going to the interview (which also helps out too, shows how much you care)