 In 2005 the firm restructured by reducing personnel by 50% and closed four locations leading to a reduction in expenses by $5 million.In 2006 Lisa Moody, daughter of Max Moody III, was made President of M. D. Moody while Max remained as CEO.By 2009 restructuring and financial difficulties during the Great Recession took a toll on the business leading to a Chapter 11 Banktruptcy.