Beneficiary Debt

[likes2ride 0]

Hello All!

Here is another one for the masses: What effect, if any, does beneficiary debt have on the K-1 process (i.e. a few thousand dollars)??

Thanks.

[Bobbie 1]

Hello All!

Here is another one for the masses: What effect, if any, does beneficiary debt have on the K-1 process (i.e. a few thousand dollars)??

Thanks.

That is a good question, I don't know the answer but would like to hear any seasoned responses.

Bobbie

[rebeccajo 14]

Look at form I134 (which most consulates will use to substantiate the sponsor's debt picture) and tell me where you see a section asking any questions about indebtedness.

[Dan J 277]

A sponsors debt might be an issue, but the beneficiaries should not unless they are sponsoring themselves. However I would recommend paying it off or making arrangements to pay it off before leaving the country.

[s2convt 0]

A sponsors debt might be an issue, but the beneficiaries should not unless they are sponsoring themselves. However I would recommend paying it off or making arrangements to pay it off before leaving the country.

If the beneficiary has debt in her homeland, I figured it wouldn't follow her here to the US?...

I have some friends that got into alot of debt in the US and moved back to Japan to get rid of it. They don't plan on ever coming back to the US.

[etripke 0]

Where on an I-134 does it ask anything about "Debt"? It is only about income. If they wanted to know about Debt, then they'd be running credit checks which is not the case.