My I-526 is approved and I have the conditional green card. My I-829 was filed a year ago and now the EB-5 Regional Center went bankrupt. Will my I-829 get approved, as in, will the conditions get removed from the conditional green card? What are the consequences of this? Will I lose my green card?
Answers
Lynne Feldman
Find an EB-5 Visa Lawyer: Immigration AttorneyThere are options to have your funds redeployed but I suggest you set up a consult with your I-829 or other lawyer handling EB-5 cases to flush out all that needs to be done and figure out what happens to your funds as well as the immigration consequences.
Belma Demirovic Chinchoy
Find an EB-5 Visa Lawyer: Immigration AttorneyIt depends. Has the project been completed and was it paid for with EB-5 funds? Get an attorney asap.
Robert V Cornish Jr
Securities AttorneysWhatever the case, you need to be sure you have counsel in the bankruptcy for proofs of claim, etc. Your I-829 may still be granted if jobs were created while the RC was in operation before the bankruptcy. Further, the project could still be operating or under development even in light of a bankruptcy.
Stephen Berman
Find an EB-5 Visa Lawyer: Immigration AttorneyI do not see how it can be approved. It does seem that you will eventually lose your permanent resident status.
DISCLAIMER: the information found on this website is intended to be general information; it is not legal or financial advice. Specific legal or financial advice can only be given by a licensed professional with full knowledge of all the facts and circumstances of your particular situation. You should seek consultation with legal, immigration, and financial experts prior to participating in the EB-5 program. Posting a question on this website does not create an attorney-client relationship. All questions you post will be available to the public: do not include confidential information in your question.