Professor of Law
Director, John M. Olin Program in Law and Economics
J.D., University of Chicago Law School, 1997
Ph.D., University of Pennsylvania, 1998
B.S.F.S., Georgetown University, 1990
An expert in consumer finance and law and economics, Rich Hynes teaches Bankruptcy, Contracts, Corporate Finance, and Secured Transactions at Virginia.
Hynes received his B.S. from the School of Foreign Service at Georgetown University, where he was elected to Phi Beta Kappa. He received his Ph.D. in economics from the University of Pennsylvania and a law degree from the University of Chicago. He was elected to the Order of the Coif. After graduating from law school, he practiced law with Skadden Arps, Slate, Meagher & Flom LLP in Los Angeles. He joined the faculty at the William and Mary School of Law in 2000, and he joined the Virginia faculty in 2007 after visiting during the 2006-07 academic year.
Scholarship Profile: The Insolvent Consumer and the Legal System (Virginia Journal 2010)
"The Regulation of Non-Judicial Debt Collection and the Consumer's Choice Among Repayment, Bankruptcy and Informal Bankruptcy" (with Amanda E. Dawsey & Lawrence M. Ausubel) (work in progress).
"Does Payday Lending Catch Vulnerable Communities in a Debt Trap?" (work in progress).
“Reorganization as Redemption,” 6 Va. L. & Bus. Rev. 183 (2011).
"Why Banks are Not Allowed in Bankruptcy," (with Steven D. Walt) 67 Wash. & Lee L. Rev. 985 (2010).
SSRN | HeinOnline (PDF)
"Securitization, Agency Costs and the Subprime Crisis," 5 Va. L. & Bus. Rev. 231 (2009).
"Broke but Not Bankrupt: Consumer Debt Collection in State Courts," 60 Fla. L. Rev. 1 (2008).
“Credit Markets, Exemptions, and Households with Nothing to Exempt,” 7 Theoretical Inq. L. 493 (2006).
“Bankruptcy and State Collections Proceedings: The Case of the Missing Garnishments,” 91 Cornell L. Rev. 603 (2006).
"Why (Consumer) Bankruptcy,” 56 Ala. L. Rev. 121 (2004).
“The Political Economy of Property Exemption Laws” (co-author), 47 J.L. & Econ. 19 (2004).
“Overoptimism and Overborrowing,” 2004 B.Y.U. L. Rev. 127.
“Optimal Bankruptcy in a Non-optimal World,” 44 B.C. L. Rev. 1 (2002).
“The Law and Economics of Consumer Finance” (co-author), 4 Am. L. & Econ. Rev. 168 (2002).
“Bankruptcy Exemptions and the Market for Mortgage Loans” (co-author), 42 J.L. & Econ. 809 (1999).
“Inconsistent Verdicts, Issue Preclusion and Settlement in the Presence of Judicial Bias,” Vol. 2, No. 2 University of Chicago Law School Roundtable 663 (1995).
- Consumer Bankruptcy
- Consumer Law
- Secured Transactions
In the Media
- "Bankruptcies Low in States that Don't Seize Wages" (Associated Press, 07/06/2009)
- "Circuit City's Salvation: Bankruptcy Court?" (Richmond.com, 07/09/2008)
- "Is Circuit City Headed for a Blowout?" (BusinessWeek, 07/02/2008)