Help Center Skip to main content

Richard P. Carmody

Member Image

Richard P. Carmody is a principal bankruptcy lawyer in the Birmingham, Ala., office of Adams and Reese LLP and has practiced law for more than 45 years. He specializes in insolvency law (C&I) and secured lending, and has a network of referral sources that he has developed throughout his career. Mr. Carmody 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, Mr. Carmody became the first lawyer in Alabama to become Board Certified in Business Bankruptcy Law by the American Board of Certification. On the state level, he 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). Mr. Carmody is a founding member of ABI, and he established and co-chaired its Ethics Committee from 1999-2005. Additionally, he served as vice-chair of the ABI’s 2013 Task Force for Ethical Standards and was honored as ABI’s Committee Member of the Year in 2012. Currently, he serves on ABI’s Veterans Task Force. Mr. Carmody was inducted as a Fellow in the American College of Bankruptcy in 1999 and serves as a director of the College Foundation and as a member of its pro bono committee. He is a frequent writer and lecturer on bankruptcy and commercial law topics, and in 2017, the Alabama State Bar presented him with the Albert L. Vreeland Pro Bono Award. Mr. Carmody received his B.A. in finance in 1964 from the University of Illinois and his J.D. in 1975 from Vanderbilt University School of Law.