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.
