Richard P Carmody

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Bankruptcy/Workouts

When facing a bankruptcy proceeding or restructuring affecting your business, the most effective legal representation contributes knowledge of other aspects of corporate, commercial and financial law. Adams and Reese delivers this depth of experience through our diverse corporate and litigation practices.

Seasoned attorneys who are strategically located across our region bring you a responsive and flexible team with local knowledge of the courts and an ability to move your matter forward. Membership in the American Bankruptcy Institute and other international organizations over the past 25 years has helped our firm build an extensive network of other professional partners, including workout specialists, forensic accountants, valuation specialists, investment bankers and financial services consultants.

Our Attorneys

Adams and Reese attorneys shine when times are bad. The secret to our success in bankruptcy law is our ability to close deals on the transactional side when times are good. Experience in mergers and acquisitions, financing and governmental relations makes us a quick study of businesses in many industries. We look for options or opportunity in every crisis while minimizing difficulties for clients. Our work for creditors has resulted in the recovery and return of hundreds of millions of dollars.

Core Practice and Clients

* Representing creditors, commercial lenders, examiners, trustees, purchasers and commercial debtors, Adams and Reese handles various bankruptcy and commercial restructuring matters, including:

* Creditor Counsel and Representation: acting as lead bankruptcy counsel and/or liquidation and committee counsel to recover funds, negotiate payment terms, sell assets or facilitate workout agreements and other restructuring.

* Avoidance Litigation: successful resolution of court authorized avoidance actions, pursuit of avoidance actions and fraudulent transfers.

* Debtor-in-Possession Counsel: sustaining debtors through appropriate restructuring and repayment to creditors or negotiating sale of company and assets and/or financing to repay debt.

* Asset Purchases: representing stalking horse bidders in acquisition of companies from debtor-in-possession.

Richard P Carmody
Adams & Reese LLP
Concord Center #1100
2100 3rd Ave N
Birmingham AL 35203
Tel: 205 250-5033
Fax: 205 250-5034
E-mail: richard.carmody@arlaw.com

Board Certified Specialist in Business Bankruptcy - American Board of Certification

PRACTICE AREAS
* Transactions
* Banking / Financial Services
* Bankruptcy / Workouts
* Commercial Restructuring / Bankruptcy
* Construction
* Forestry
* Real Estate

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 expertise 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 currently is 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. He currently serves on the Pro Bono Committees for the American College of Bankruptcy and the American Bankruptcy Institute. 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 “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.