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The Coronavirus Aid Relief and Economic Stability Act (“CARES Act”) was enacted by Congress and signed into law by the President last week. The CARES Act amends the existing Small Business Administration (“SBA”) 7(a) Loan program on a temporary basis to provide immediate relief to small businesses and their employees. Small businesses, with less than 500 employees, may use the…
Today, the U.S. Department of Labor’s Wage and Hour Division (WHD) announced its first round of published guidance to provide information to employees and employers about how each will be able to take advantage of the protections and relief offered by the Families First Coronavirus Response Act (FFCRA) when it takes effect on April 1, 2020. The guidance – provided…
At Kerrick Bachert, we are dedicated to protecting the health and safety of all of our employees, clients, and community members during this unprecedented time. In response to the COVID-19 pandemic and pursuant to the Governor’s directives to combat this virus, our physical office is closed to the public, but our firm is open and fully functioning as we have…
Functioning critical infrastructure is imperative during the response to the COVID-19 emergency for both public health and safety as well as community well-being. Certain critical infrastructure industries have a special responsibility in these times to continue operations. Therefore, the Cybersecurity and Infrastructure Security Agency (CISA) has developed an initial list of “Essential Critical Infrastructure Workers” to help State and local…
The Small Business Administration has announced Economic Injury Disaster loans up to $2 million for small businesses impacted by the coronavirus pandemic. The loan can be used to cover payroll, inventory and pay debt or other expenses. More information can be accessed at www.SBA.gov/coronavirus.
In August 2019, Congress enacted the Small Business Reorganization Act of 2019 (“SBRA”), in order to make small business bankruptcies faster and less expensive. The new subchapter to Chapter 11 of the Bankruptcy Code was enacted specifically for “small business debtors” which are defined to include individuals and entities such corporations or limited liability companies engaged in business or commercial…
Families First Coronavirus Response Act: What Employers Need to Know In the wake of the coronavirus pandemic, the U.S. House of Representatives has passed the Families First Coronavirus Response Act (“FFCRA”) (H.R. 6201)—a bill which broadens the Family Medical Leave Act (“FMLA”) and creates an emergency paid leave program in direct response to the coronavirus. Here’s what employers need to…
Bankruptcy News: Supreme Court Holds that Creditors Have Only 14 Days to Appeal Orders Denying Relief from the Automatic Stay Most creditors know about the “automatic stay”—i.e., the provision in the Bankruptcy Code that prohibits creditors from initiating or...
Employee Handbooks 101: Recent Examples of Unlawful Employment Policies Most employers know that a well-thought-out employee handbook is the starting point for effective employee management. By defining the boundaries of acceptable workplace behavior and setting...