Richard Carmody joined Adams and Reese in 2003 as part of a merger with an Alabama law firm in which he had practiced since 1975. He practices primarily in the area of insolvency law (“C&I”), and has a network of referral sources that he has developed throughout his career. A founding member of the American Bankruptcy Institute, Richard has a nationwide reputation for solid counsel in the field of C&I.
As one of the firm’s principal bankruptcy attorneys, Richard represents clients in difficult financial matters. He also provides counsel to lenders for complex commercial transactions and internal policies. In 1992, he became the first lawyer in Alabama to become certified as a specialist in Business Bankruptcy by the American Board of Certification.
His significant contributions and honors include:
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 is a member of the Alabama Law Institute’s Committees for revision of the UCC (Articles 3, 4, 4A, 5 and 9).
Nationally, Richard established and served as co-chair of the Ethics Committee of the American Bankruptcy Institute (1999-2005), and he is currently serving on the ABI’s Task Force for Ethical Standards. In 1992, he became the first lawyer in Alabama to become certified as a specialist in business bankruptcy by the American Board of Certification. In 1999, Richard was inducted as a fellow in the American College of Bankruptcy and currently serves as a director of the College Foundation and member of the Foundations’ Pro Bono Committee. He is a frequent writer and lecturer on bankruptcy and commercial law topics.