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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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
“Saddle Up! Livestock Lenders and Livestock Leasing” - American Bankruptcy Institute
12/8/2014
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 Attorneys Author Bankruptcy Chapters in Newly-Released Thomson Reuters Books
1/28/2015
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
Ethical Implications in SARE Cases - ABI Winter Leadership Conference
12/4/2014
In for a Dime, In for a Dollar? The Ethics of Limited Scope Representation in Bankruptcy Cases - Cumberland/Samford University Bankruptcy CLE
10/31/2014
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: Saddle Up! Livestock Lenders and Livestock Leasing
10/20/2014
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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