Weltman, Weinberg & Reis Co., LPA, a full-service creditors' rights law firm entering its 90th year in business, is pleased to announce the addition of attorneys Garry A. Masterson and Alexander C. Weinberg to the firm's Cleveland office.
Weltman, Weinberg & Reis Co., LPA, a full-service creditors' rights law firm for nearly 90 years, congratulates shareholder Stuart A. Best for being elected as the chairman to the Michigan Bankers Association, Michigan Traveling Circus, Nominating Committee.
With the State of Illinois and the City of Chicago having approached its next phases of reopening, Illinois Governor J.B. Pritzker has extended and reissued various Executive Orders in response to the ongoing COVID-19 public health crisis.
On April 22nd, 2020, the Chief Judge of the United States Bankruptcy Court for the Eastern District of Pennsylvania signed Misc. Order 20-3007. The Order outlines the local process for notification of forbearance agreements in active chapter 13 bankruptcy cases due to the COVID-19 pandemic.
The Coronavirus Economic Stabilization Act of 2020 (CARES Act) provides for a borrower to obtain a forbearance on a federally backed mortgage loan. However, how the forbearance agreement is handled in the bankruptcy court or the chapter 13 trustee's office often differs from jurisdiction to jurisdiction.
There's good news on the horizon for both homeowner landlords and tenants within the city of Cleveland. Last week, the administration of Cuyahoga County Executive Armond Budish proposed providing $6.8 million in rental assistance to people unable to afford rent due to the economic downturn brought on by the pandemic.