Douglas M Foley

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Restructuring & Insolvency

In difficult financial situations, it pays to recognize the situation early and prepare a realistic strategy to handle the crisis. Whether a debtor or a creditor, the wisest first step is to talk to a law firm that understands the process and focuses on obtaining optimal results. McGuireWoods is that law firm.

Our Restructuring and Insolvency practice offers a balanced mixture of transactional strength and litigation experience. We represent debtors and debtors in possession, secured creditors and unsecured creditors' committees, as well as lenders and trustees in all types of debt restructuring, litigation and bankruptcy reorganization proceedings, including out-of-court workouts.

Representations range from large regional cases to those of national stature, and our practice extends across industry lines to include retail, transportation, real estate, manufacturing, telecommunications, and many other industries. Our clients include a variety of constituencies, including debtors in workouts and reorganizations, creditors’ committees, manufacturers and trade creditors, and financial institutions such as banks, hedge funds, private equity firms, bondholder committees and asset-based lenders.

We bring diversity of skill and experience to each bankruptcy or financial restructuring. Team members include business bankruptcy specialists who are certified by the American Board of Certification; members of the prestigious American College of Bankruptcy; and active members of regional and national industry organizations such as the American Bankruptcy Institute, International Women’s Insolvency and Restructuring Confederation, Turnaround Management Association, and others. In addition, several team members began their legal careers as judicial clerks for federal bankruptcy judges.

Because of our experience, geographic diversity, and size, our team has the skills to represent parties in bankruptcy anywhere in the United States. We achieve prompt results, because a speedy resolution reduces costs and preserves value. Unlike some firms that only talk about this type of experience, McGuireWoods has it. We have tried cases and argued appeals on bankruptcy sale issues, termination of pension plans, modification of retiree benefits, and other complex matters. Our willingness to undertake these issues, and our collaborative approach, enhances our ability to provide effective representation.

As lawyers within a 900-attorney firm, we have the resources of a full-service law firm with the targeted experience and personal responsiveness of a boutique bankruptcy firm. We work closely with other firm attorneys whose primary practices involve complex commercial litigation, labor and employment, corporate services, real estate, intellectual property, or tax and employee benefits, but who also have a fundamental understanding of bankruptcy law. Our transactional and litigation team members coordinate their efforts to yield the best business results for clients.

Board Certified Specialist, Business Bankruptcy - American Board of Certification

Douglas M Foley
McGuireWoods LLP
World Trade Center #9000
101 W Main St
Norfolk VA 23510
Tel: 757 640-3715
Fax: 757 640-3957
E-mail: dfoley@mcguirewoods.com

Practices & Industries
* Restructuring & Insolvency
* Capital Markets
* Complex Commercial Litigation

Chairman of the firm's Restructuring and Insolvency Department, Mr. Foley has substantial experience representing large and small creditors and debtors in a variety of business chapter 11 proceedings throughout the United States. He has had significant involvement in many of the largest chapter 11 cases filed in the Eastern District of Virginia, including Circuit City Stores, Inc., Movie Gallery, Inc., Rowe Furniture, Inc., US Airways Group, Inc.; AMF Bowling Worldwide, Inc.; Best Products Company, Inc.; Heilig-Meyers Company; Trak Auto Corporation; and FasMart Convenience Stores.

In 2001, he became certified in business bankruptcy law by the American Board of Certification Standards Committee, an affiliate of the American Bankruptcy Institute. He focuses his practice on all aspects of insolvency and debtor-creditor issues and has spoken at various bankruptcy bar and trade association meetings on bankruptcy topics.

He is a past president of the Tidewater Bankruptcy Bar Association and is a past member of the Virginia Bar Association Bankruptcy Law Section Council from 2000-2004. He is also a current member of the Virginia State Bar Bankruptcy Law Section Board of Governors.