Scott W. Foley

Overview

Scott W. Foley leads Shapiro Sher’s Banking & Financial Services Group, bringing more than 25 years of experience advising financial institutions with a focus on delivering efficient, results-oriented solutions. He represents banks, credit unions, financial services companies, and other lenders throughout the full commercial lending cycle, from origination through litigation and recovery.

Clients turn to Mr. Foley to strengthen loan portfolios, reduce inefficiencies, and protect lender rights during economic growth and financial stress periods. His areas of focus include:

• Commercial loan workouts and restructurings
• Short- and long-term loan modifications and forbearance agreements
• Foreclosures and secured creditor sales
• Receiverships
• Note sales and commercial collections
• Compliance with SBA Standard Operating Procedures and protection of SBA guarantees
• Loan participation and other inter-creditor disputes
• Lender liability matters
• Defense against fraudulent conveyance and related claims

Mr. Foley also has extensive experience advising on complex lending transactions. He regularly handles asset-based financing involving income-producing properties, real estate development projects, historic property renovations, mixed-use development sites, SBA 7(a), and other SBA-guaranteed loans.

As a seasoned litigator, Mr. Foley represents secured and unsecured creditors in state and federal bankruptcy courts across Maryland, the District of Columbia, Virginia, and other jurisdictions. He has successfully managed significant bankruptcy matters, including relief from automatic stays, avoidance actions, discharge litigation, use of cash collateral, and plan confirmation proceedings.

His litigation practice also includes representing insurance premium finance companies in bankruptcy cases across the United States. He has been recognized in Maryland Super Lawyers and Best Lawyers in America for his work in this field.

Earlier in his career, Mr. Foley served as Judicial Law Clerk to the Honorable Edward A. DeWaters, Jr., former Chief Judge of the Circuit Court for Baltimore County. He is active in several bar associations and has served on The Franciscan Center, Calvert School, Roland Park Country School, and The Homeland Association boards.

News, Insights, & Publications

Credentials

Education

• University of Baltimore School of Law (J.D., 1997), American Jurisprudence Award in Litigation Process
• Denison University (B.A., 1994), Judicial Counsel, Committee Member

Bar Admissions

• Maryland
• U.S. District Court for the District of Maryland
• U.S. District Court for the Eastern District of Virginia
• U.S. District Court for the Western District of Virginia
• U.S. District Court for the District of Columbia

Honors & Awards

• Listed in The Best Lawyers in America®, Commercial Litigation

Affiliations

• Member, Bankruptcy Bar Association
• Member, Maryland Bar Association
• Member, Virginia Bar Association
• Member, District of Columbia Bar Association
• Volunteer, Maryland Volunteer Lawyers Services

Practice Groups

Banking & Financial Services