The American College of Bankruptcy (ACB) has named Richard Carmody, Of Counsel and member of Adams and Reese's Financial Services practice, as Co-Chair of the organization's Senior Fellows Committee.
The purpose of the Committee is to facilitate an exchange of knowledge and resources between and among Senior Fellows, other Fellows, and the College as a whole.
Carmody has practiced law for more than 45 years and has a nationwide reputation for solid counsel in the field of insolvency law and secured lending. As one of Adams and Reese's principal bankruptcy attorneys, Carmody represents clients in complicated financial matters and 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. Carmody 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). Nationally, he is a founding member of the American Bankruptcy Institute, and he established and served as co-chair of the ethics committee of the ABI (1999-2005). Additionally, he served as vice-chair of the ABI's 2013 Task Force for Ethical Standards.
Carmody was inducted as a Fellow of the American College of Bankruptcy in 1999, was a member of the College Foundation's pro bono committee, and served as a Director of the Foundation.