Personal Property, Stocks and Bonds

[tamara143 1]

hi there,

my fiance didn't meet the 125% poverty guideline(several dollars away) based on his ITR but he had included in the I-134 form his personal property which is worth US$20,000, deposit of US$800, and US$2,200 worth of stocks and bonds. will i still be ok when i have my interview at the USE in Manila?

in addition to the question above, what are considered to be personal properties? vehicles and what else?what kind of proof or documentation does he have to show regarding these properties? what kind of documents should he provide in order to show his stocks and bonds?

any replies and help regarding these questions i have mentioned would be deeply appreciated.

regards,

tam

[mRx 16]

hi there,

my fiance didn't meet the 125% poverty guideline(several dollars away) based on his ITR but he had included in the I-134 form his personal property which is worth US$20,000, deposit of US$800, and US$2,200 worth of stocks and bonds. will i still be ok when i have my interview at the USE in Manila?

in addition to the question above, what are considered to be personal properties? vehicles and what else?what kind of proof or documentation does he have to show regarding these properties? what kind of documents should he provide in order to show his stocks and bonds?

any replies and help regarding these questions i have mentioned would be deeply appreciated.

regards,

tam

When you dont meet the poverty guidelines, your assets must be greater than 5 times the difference. So if you are only "several dollars away", you would need to show that your fiance's assets are equal or greater than five multiplied by however much the difference is between your fiance's income and the poverty guidelines. So i assume you will be fine.

Edited November 20, 2006 by matt85

[tamara143 1]

hi matt,

i thought they have changed it into three times the difference last July 2006. In any case, do I have to sum up the value of the personal properties, savings and the stocks and bonds in order to make up for the remaining difference? Or do I have to multiple the value of each assets 3 times to be considered as an asset? I'm just confused!

thanks a lot for your response.

sincerely,

tam

[mRx 16]

hi matt,

i thought they have changed it into three times the difference last July 2006. In any case, do I have to sum up the value of the personal properties, savings and the stocks and bonds in order to make up for the remaining difference? Or do I have to multiple the value of each assets 3 times to be considered as an asset? I'm just confused!

thanks a lot for your response.

sincerely,

tam

whaaa? now you got me confused

(6) If assets are needed to meet the minimum income requirement:

(a) Evidence of assets with a cash value that equals at least five

times the difference between your total household income and

the poverty guideline for your household size (see chart below):

Example for a Household of 4:

125% Poverty Guideline........$25,000 (2006)

Sponsor’s Income..............$18,000

Difference.....................$7,000

Multiply by 5..................X 5

Minimum Required Cash

Value of Assets...............$35,000

(b ) Evidence of ownership, location, and the value of each asset;

hope this helps.

I wouldnt add them up, because on the I-134 it asks for "stocks and bonds" then it asks for "real estate"..

So, whatever the difference is between the pov guidelines and his ITR. Make sure you have assets valued at 5 times that amount. and if you think you are cutting it close, he can always get a co sponsor

Matt

[tamara143 1]

hi matt,

i got the information(3x if supporting a spouse) through the USCIS website and also in some posts here. i think with God's help we will be fine. thanks a lot for your help!

regards,

tam

[Yodrak 7]

tam,

What is your fiance's current income on an annualized basis?

The personal property amount is probably useless - $20,000 isn't much, and is it stuff the 2 of you could live without if he sold it to obtain needed cash? (It's a reasonable guess that most of it is his car, in which case the answer is probably 'no'.)

Yodrak

hi there,

my fiance didn't meet the 125% poverty guideline(several dollars away) based on his ITR but he had included in the I-134 form his personal property which is worth US$20,000, deposit of US$800, and US$2,200 worth of stocks and bonds. will i still be ok when i have my interview at the USE in Manila?

in addition to the question above, what are considered to be personal properties? vehicles and what else?what kind of proof or documentation does he have to show regarding these properties? what kind of documents should he provide in order to show his stocks and bonds?

any replies and help regarding these questions i have mentioned would be deeply appreciated.

regards,

tam

matt and tam,

Don't apply I-864 rules to a non-immigrant visa situation.

Yodrak

hi matt,

i thought they have changed it into three times the difference last July 2006. In any case, do I have to sum up the value of the personal properties, savings and the stocks and bonds in order to make up for the remaining difference? Or do I have to multiple the value of each assets 3 times to be considered as an asset? I'm just confused!

thanks a lot for your response.

sincerely,

tam

When you dont meet the poverty guidelines, your assets must be greater than 5 times the difference. So if you are only "several dollars away", you would need to show that your fiance's assets are equal or greater than five multiplied by however much the difference is between your fiance's income and the poverty guidelines. So i assume you will be fine.