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Virginia Business Profiles Doug Foley as ‘Legal Elite’

December 2, 2014

As part of its “2014 Virginia Legal Elite” series, Virginia Business featured partner Douglas Foley in the legal category of bankruptcy/creditors’ rights. Published December 1, 2014, the piece includes some lighthearted trivia – such as his favorite vacation spot (a beach) and recently read books (about baseball) – before addressing current trends in bankruptcy law and asking him about specific bankruptcy cases. Doug notes a decline in business bankruptcies since the recession, and a greater focus on out-of-court workouts, and on asset sales as opposed to stand-alone reorganizations; he says economic indicators suggest a change in the future, however. To read the full text of the profile, visit www.virginiabusiness.com.