Richard P. Carmody: Lawyer with Adams and Reese LLP

Richard P. Carmody

Of Counsel, Transactions
Birmingham,  AL  U.S.A.
Phone205.250.5033

Peer Rating
 5.0/5.0
AV® Preeminent

Client Rating

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Experience & Credentials Ratings & Reviews
 

Practice Areas

  • Transactions
  • Banking / Financial Services
  • Bankruptcy / Workouts
  • Commercial Restructuring / Bankruptcy
  • Construction
  • Hotels / Leisure
  • Forestry
  • Real Estate
  • Hospitality
  • Agriculture
  • Financial Services
 
University University of Illinois, B.A., Finance, 1964
 
Law SchoolVanderbilt University Law School, J.D., 1975
 
Admitted1975, Alabama
 
Memberships 

Professional Memberships / Affiliations

American Board of Certification, Director, Member of Standards Committee

•Alabama Appleseed, Founders Advisory Board; Alabama Appleseed Representative to National Appleseed Board

•American Bankruptcy Institute, Vice Chair, ABI Special Task Force on Bankruptcy Ethics; 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, Director

 
Biography

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:

•Representing clients with a broad spectrum of interests in difficult financial situations, including secured lenders in documenting loans and loan work outs, unsecured creditors in bankruptcy proceedings, debtors in bankruptcy reorganizations, trustees in special bankruptcy litigation matters and purchasers of assets from bankruptcy estates.
•Representing clients in Bankruptcy Courts in the three Federal Districts in Alabama, as well as Delaware, New York, Mississippi, Tennessee, Texas and, Arkansas . He has prosecuted and defended financial institutions in federal and state courts on matters involving every facet of commercial law, including the Uniform Commercial Code.
•Providing counsel to lenders and borrowers in complex commercial lending transactions, including forestry and agricultural loans. He has assisted in the development of lending forms and lending policies for financial institutions, most recently assisting a Top 10 bank with marine lending documentation and related policies.
•Induction as a fellow in the American College of Bankruptcy in 1999, an honor bestowed on just 650 members worldwide according to exacting criteria for insolvency professionals, including demonstrated experience and participation in the development of the law through scholarship (publishing and teaching) and pro bono activities.
•Counsel and planning on complex business transactions involving the purchase and sale of businesses and assets, including real property.

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. He also is serving as a director and member of the Standards Committee of the American Board of Certification. 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.

Before attending law school, Richard served eight years as an officer in the United States Army Field Artillery, including two tours in Vietnam. He admires his wife, an Episcopal priest, and two adult daughters (the older of whom also is ordained) for their dedication to the dignity of every human being. In his free time, Richard enjoys golf, travel, public service, a variety of spectator sports and reading non-fiction - especially history.

Classes and Seminars

Ultimate Fighting - Secured Creditors and Federal Tax Liens, 13th Annual Southeast Bankruptcy Workshop, July 16-19, 2008
Workout and Turnaround Skills, Eighth Annual Southeast Bankruptcy Workshop, The American Bankruptcy Institute, July 30, 2003 - August 2, 2003
Debtor Wrongdoing: Ethical Implications for Lawyers, 21st Annual Bankruptcy Conference, The University of Texas School of Law, November 21, 2002 - November 22, 2002
An Ethical Balance Beam: The Mental Gymnastics of Disqualification Under Section 327, Cumberland School of Law, October 4, 2002
How Lenders Think - Inside the Workout Officer's Head, Southeast Bankruptcy Law Workshop, 1999
Sovereign Immunity in Bankruptcy, Cumberland School of Law, 1997
Taking Collateral to Secure Fees, Law Education Institute, 1996

Other Distinctions

AV Peer Review Rated by Martindale-Hubbell

•Lifetime Achievement Award, B-Metro Magazine, 2014

•Best Lawyers - Bankruptcy and Creditor-Debtor Rights Law

•Alabama Super Lawyers - Bankruptcy and Creditor-Debtor Rights, Banking, Real Estate

•fellow, American College of Bankruptcy 1999 - Present

•American Bankruptcy Institute, Outstanding Committee Member of the Year, 2012

•American College of Bankruptcy Foundation, Director

•International Who's Who of Professionals

•Military Awards - 3 Bronze Stars, Air Medal, 5 Army Commendation Medals, Presidential Unit Citation 1964 - 1972

•Chambers USA - Banking/Finance and Bankruptcy/Restructuring

•Evans Scholarship, Western Golf Association 1960 - 1964

Articles / Publications

Secured Lenders, Beware: Recent Bankruptcy Decision Exposes the Danger in Relying Solely on a Prior Recorded Satisfaction of Lien and the Need for Proper Due Diligence - ABI Committee Newsletter 5/1/2013

Strategic Alternatives for Distressed Businesses, 2012 1/17/2012

Caveat Creditor: Section 506(b) Limits Recoverable Fees, Costs and Charges 8/1/2010

Perspectives: Buyers - Strategic Alternatives for Distressed Businesses 7/15/2010

American Bankruptcy Institute Journal - The Boundaries of Litigation Privilege 7/1/2003

National Health Lawyers Association Focus Series - Corporate Law for the Healthcare Provider: Organization, Operation, Merger and Bankruptcy 1/1/1995

Annual Survey of Bankruptcy Law - Taking Collateral or a Guaranty to Secure the Payment of Attorney's Fees in Bankruptcy Cases 1/1/1991

Press Releases

Adams and Reese Has 120 Attorneys Ranked Among 2015 Best Lawyers 8/18/2014

Twenty-Two Adams and Reese Attorneys Ranked in Chambers USA 2014 Edition 5/23/2014

Eight Adams and Reese Attorneys Named Among 2014 Alabama Super Lawyers, Rising Stars 4/28/2014

Adams and Reese's Richard Carmody Recognized for Lifetime Achievement Award by B-Metro Magazine 3/6/2014

Adams and Reese, Birmingham Bar Association to Present Bankruptcy CLE Seminars on Important ABI Ethics Topics 10/1/2013

Adams and Reese Has 119 Attorneys Named to 2014 Edition of Best Lawyers 8/15/2013

Twenty-Five Adams and Reese Attorneys Ranked in Chambers USA 2013 Edition 5/24/2013

Fifteen Adams and Reese Attorneys Selected for 2013 Alabama Super Lawyers, Rising Stars 5/9/2013

Adams and Reese has 110 Attorneys Ranked in The Best Lawyers in America 2013 Edition 8/22/2012

Adams and Reese Attorney Richard Carmody Awarded ABI's Outstanding Committee Member of the Year 8/10/2012

Twenty-Nine Adams and Reese Attorneys, 11 Practice Areas Ranked in Chambers USA 2012 Edition 6/12/2012

Fourteen Adams and Reese Attorneys Selected for 2012 Alabama Super Lawyers, Rising Stars 5/1/2012

Adams and Reese Teams Up with City of Birmingham to Donate Christmas Gifts to 100 Pratt City Children 12/23/2011

Ninety-Seven Adams and Reese Attorneys Named in Best Lawyers 2012 Edition 8/31/2011

Richard Carmody to Lead Chapter 11 Bankruptcy Panel at Cumberland Law Seminar 8/3/2011

Ninety Adams and Reese Attorneys Named in Best Lawyers 2011 Edition 8/4/2010

Birmingham Of Counsel Richard Carmody Elected as a Director of American College of Bankruptcy Foundation 3/25/2010

Birmingham Partner in Charge Ann Huckstep Featured in B-Metro Magazine 3/4/2010

Bankruptcy, IP Attorneys to be Featured in July 2010 Super Lawyers Corporate Counsel Edition 2/15/2010

Fourteen Attorneys Selected for Alabama Super Lawyers and Rising Stars 2010 12/21/2009

Birmingham Of Counsel Selected for Philanthropy Award 12/3/2009

Adams and Reese Attorneys Join Panel for Bankruptcy Law Seminar 10/2/2009

Eighty-Six Attorneys Selected to Best Lawyers in America; Fifty-Six Practice Areas Ranked No. 1 7/30/2009

Twenty-Three Attorneys, Nine Practice Areas Honored by Chambers USA 6/12/2009

Eight Adams and Reese Attorneys Named Alabama Super Lawyers 5/18/2009

Ten Adams and Reese Attorneys Selected for Inclusion in Upcoming Super Lawyers Corporate Counsel Editions 5/14/2009

Birmingham Special Counsel Elected to Board of American College of Bankruptcy Foundation 4/13/2009

Birmingham Bar Association Honors Richard. P. Carmody with Top Public Service Award 12/12/2008

Adams and Reese Ranked by Chambers USA 5/13/2008

Adams and Reese Attorneys Named Alabama SuperLawyers 05/07/2008

Fifty-Six Adams and Reese Attorneys Named to Best Lawyers in America 2008 9/6/2007

Carmody Accepts Two-Year Appointment on the 11th Circuit Admissions Council of the American College of Bankruptcy 04/04/2007

Thirty Adams and Reese Partners Named to Best Lawyers in America 8/23/2005

Adams and Reese Attorneys Selected for Best Lawyers in America 10/28/2004

Media Mentions

Richard Carmody's Ethics Newsletter Featured in American Bankruptcy Institute Journal 8/12/2011

Thirty-Nine Adams and Reese Attorneys to be Listed in Super Lawyers Business Edition 3/29/2011

Adams and Reese Transactions Attorneys Author Chapter on Perspective Buyers Wishing to Acquire Distressed Businesses 7/15/2010

Birmingham Partner in Charge Ann Huckstep Featured in B-Metro Magazine 3/4/2010

Bankruptcy, IP Attorneys to be Featured in July 2010 Super Lawyers Corporate Counsel Edition 2/15/2010

Fourteen Attorneys Selected for Alabama Super Lawyers and Rising Stars 2010 12/21/2009

Eight Adams and Reese Attorneys Named Alabama Super Lawyers 5/18/2009

Ten Adams and Reese Attorneys Selected for Inclusion in Upcoming Super Lawyers Corporate Counsel Editions 5/14/2009

Carmody and DeArman Named Among Top Attorneys by Birmingham Magazine 1/28/2009

Adams and Reese Attorneys Named Alabama SuperLawyers

Adams and Reese Attorneys Selected for Best Lawyers in America 10/28/2004

Seminars

Valuation Fights in Bankruptcy - Webinar 7/9/2014

Professional Development Presentation on Social Media - ABI Spring Meeting 4/26/2014

Ethics Task Force Report - ABI Meeting 4/25/2014

Ethics: Proposed Amendments to Rule 2014 - Birmingham Bar Association Bankruptcy and Commercial Law Section 2/28/2014

Ethics: The Use of Conflicts Counsel in Business Reorganization Cases - Birmingham Bar Association Bankruptcy and Commercial Law Section 1/10/2014

The Ethics of Using Social Media Networking Sites - 25th Annual Winter Leadership Conference - Rancho Palos Verdes, CA 12/7/2013

Ethics: Best Practices for Limited Services Representation in Consumer Bankruptcy Cases - The Bankruptcy and Commercial Law Section of the Birmingham Bar Association 11/8/2013

Ethics: Selected Issues in Disclosure and Competency from the ABI National Ethics Task Force - Cumberland Law School Annual Bankruptcy Law Seminar 10/4/2013

CLE Bankruptcy Webinar Series - Partnership Between CLLA, Financial Poise 7/24/2013

Ninth Annual Caribbean Insolvency Symposium - Everything You Wanted to Know About Ethics But Were Afraid to Ask 2/9/2013

Ultimate Fighting - Secured Creditors and Federal Tax Liens 12/15/2011

Recent Developments in Chapter 11 - 22nd Annual Bankruptcy Law Seminar at Samford University Cumberland School of Law 9/30/2011

Ethical Issues in Representing Closely Held Corporations 7/13/2010

Ultimate Fighting - Secured Creditors and Federal Tax Liens 7/16/2008

Workout and Turnaround Skills 7/30/2003

Debtor Wrongdoing: Ethical Implications for Lawyers 11/21/2002

An Ethical Balance Beam: The Mental Gymnastics of Disqualification Under Section 327 10/4/2002

How Lenders Think - Inside the Workout Officer's Head 1/1/1999

Sovereign Immunity in Bankruptcy 1/1/1997

Taking Collateral to Secure Fees 1/1/1996

Events

Alabama Forestry Association Annual Meeting

Newsletters / Alerts

Banking Bulletin: Assignment of Rents May Not Allow Golf Course Lenders to See the Green 3/25/2014

Banking Bulletin: Do Adequate Protection Payments Augment Secured Creditors' Collateral Value? 12/12/2013

Possessory Lien? Insist on Protection Before Turnover 5/22/2013

Secured Lenders, Beware: Recent Court Decisions Show the Danger in Relying Solely on a Prior Recorded Satisfaction of Lien and the Need for Proper Due Diligence. 3/15/2013

What's in a name? 6/28/2012

 
ISLN908531507
 

Documents by this lawyer on Martindale.com

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Banking Bulletin: Assignment of Rents May Not Allow Golf Course Lenders to See the Green
Richard P. Carmody,Richard H. Malchon,Andrew J. McBride, April 3, 2014
Much to the chagrin of golf course lenders, bankruptcy and appellate courts around the country have consistently held that a properly-perfected mortgage or security interest in golf course revenues, including cart rentals and green fees, is not sufficient to grant the lender an interest in the golf...


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Office Information

Richard P. Carmody

1901 6th Avenue North, Suite 3000
BirminghamAL 35203




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