Richard P Carmody

Practice Areas

Commercial Restructuring and Bankruptcy, Construction, Forestry

Career

Adams and Reese Of Counsel Richard Carmody has practiced law for more than 45 years, has a nationwide reputation for solid counsel in the field of insolvency law (C&I) and secured lending, and has a network of referral sources that he has developed throughout his career. Richard is one of the firm’s principal bankruptcy attorneys, representing clients in difficult financial matters. He also provides counsel to lenders for complex commercial transactions and internal policies. In 1992, Richard became the first lawyer in Alabama to become certified as a specialist in Business Bankruptcy by the American Board of Certification.

On the state level, Richard helped establish and served as the first chair of the Alabama State Bar section on bankruptcy and commercial law, and he was a member of the Alabama Law Institute’s committees for revision of the UCC (Articles 3, 4, 4A, 5 and 9). Nationally, Richard is a founding member of the American Bankruptcy Institute, and he established and served as co-chair of the ethics committee of the ABI (1999-2005). In 2012, Richard was recognized as the ABI’s Outstanding Committee Member of the Year. Additionally, he served as vice-chair of the ABI's 2013 Task Force for Ethical Standards.

Richard was inducted as a Fellow in the American College of Bankruptcy in 1999. He has served as a director of the College Foundation and as a member of the Foundation’s pro bono committee. He currently co-chairs the Senior Committee. He is a frequent writer and lecturer on bankruptcy and commercial law topics. In 2017, the Alabama State Bar presented Richard with the Albert L. Vreeland Pro Bono Award.

Professional Memberships

American College of Bankruptcy, Fellow; Alabama Appleseed Founders Advisory Board (Former Alabama Appleseed Representative to National Appleseed Board); American Bankruptcy Institute, Vice Chair, ABI Special Task Force on Bankruptcy Ethics (ABI Veterans Task Force, Member; Member of several committees); Alabama State Bar Association; Birmingham Bar Association; American College of Bankruptcy, Fellow (Member of Pro Bono Committee); American College of Bankruptcy Foundation, Co-Chair of the Senior Committee

Publications

Auction Sales: Disclosing Bidder Connections Prevents Surprises, ABI Journal, March 2021