Resources

 

Review Your Credit Facilities in the Midst of the COVID-19 Pandemic

Borrowers and lenders alike may feel inclined to review loan documents only on two occasions: at closing and upon the occurrence of an event of default.  In today’s unprecedented times, there is a third very essential time to review documents relating to your credit or debt facilities: right now. In addition to payment defaults, loan facilities are packed full of covenants, conditions, representations, and warranties which, when business is good, may not warrant much consideration. But in ...
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COVID-19 Update: A Message to Our Clients and Friends

Dear Clients and Friends of the Firm: During this very unusual time caused by the COVID-19 virus, Carruthers & Roth remains open, fully operational and committed to providing legal counseling and legal services to our clients. While designated as an essential business, we have implemented our previously established remote-work capabilities to enhance social distancing and reduce in-office presence. Our attorneys and staff are equipped to work remotely and can assist our clients with ...
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COVID-19 Business Continuity Planning

Businesses of all sizes are being impacted by the coronavirus and more are feeling the impact every day as the ripple effects move throughout the global economy. Businesses need to evaluate their particular situation and create a continuity plan to continue operating in these rapidly changing times. Below is an outline of key areas to focus on and address to ensure your business can successfully ride out the storm. Access to Capital: This is a critical area for many businesses to ensure emplo ...
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Coronavirus Related Leave Issues

The United States Senate has now passed, and the President has signed into law, the Families First Coronavirus Response Act, effective April 2, 2020 to December 31, 2020. Among other provisions, the Act modifies the Family Medical Leave Act and requires certain Employer funded sick leave. Additionally, North Carolina Governor Roy Cooper has issued Executive Order 118, expanding unemployment benefits for North Carolina employees. Reductions in workload and the need to avoid close contact ra ...
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Carruthers & Roth Welcomes Back Litigation Attorney Kevin Rust

GREENSBORO, N.C. – Carruthers & Roth, P.A. is proud to welcome back Kevin A. Rust to the firm’s litigation team as a director. Kevin’s practice will focus on business, appellate, and construction litigation. Kevin previously worked for Carruthers & Roth from 2008 to 2011 as a litigation associate who handled disputes related to business and construction projects. After leaving the firm in 2011, he spent several years in private practice in Raleigh and has since then served as in ...
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The SECURE Act Eliminates the Stretch IRA and Fundamentally Changes Inherited Retirement Plan Distribution Rules

Retirement plan accounts, like 401(k)s and IRAs, are becoming an increasingly larger portion of many estates, especially since funds have the potential to accumulate in a tax-deferred manner for many years. The tax-deferral attributes of retirement accounts, however, have resulted in specific rules that impact how these accounts are treated after death. Given that distributions from inherited retirement accounts are taxable as part of a beneficiary's ordinary income, Congress has instituted r ...
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Kenneth Greene Receives Lifetime Achievement Award from North Carolina State Bar Association Bankruptcy Section

Greensboro, NC - Carruthers & Roth’s Kenneth (Kenny) Greene was recently honored as the recipient of the Lifetime Achievement Award from the Bankruptcy Section of the North Carolina Bar Association (NCBA). The Lifetime Achievement Award recognizes a bankruptcy practitioner who, for not less than 25 years, has contributed to the betterment of the NCBA Bankruptcy Section and the profession, and who has set an aspiring example for those who follow. Greene is the ninth recipient of the awar ...
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For media inquiries, please contact: Erin Molinaro | ekm@crlaw.com