Rich Hynes

John Allan Love Professor of Law
Nicholas E. Chimicles Research Professor of Business Law and Regulation

Biography
Publications
Courses
Media

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)

Education

J.D.
University of Chicago Law School
1997
Ph.D.
University of Pennsylvania
1998
B.S.F.S.
Georgetown University
1990

“Who Benefits from Credit Report Bans?” (with Leora Friedberg and Nathaniel Pattison), J. L. & Econ. (forthcoming).

“Asymmetric Subsidies and the Bail Crisis” (with John Duffy), U. Chi. L. Rev. (forthcoming).

“Protectionist Property Taxes” (with Andrew Hayashi), Iowa L. Rev. (forthcoming).

“Asset Exemptions and Consumer Bankruptcy: Evidence from Individual Filings” (with Nathaniel Pattison), 63 J. L. & Econ. 557 (2020).
SSRN

“Revitalizing Involuntary Bankruptcy,” 105 Iowa L. Rev. 1127 (2020).

“Unique Risk and Bankruptcy Valuation,” 168 U. Penn. L. Rev. Online 49 (2020).

“The Optimal Evidence Threshold: Balancing the Frequency and Severity of Wrongful Punishment,” 26 Sup. Ct. Econ. Rev. 113 (2019).
SSRN

“Inequality and Equity in Bankruptcy Reorganization” (with Steven D. Walt)
SSRN

“National Study of Individual Chapter 11 Bankruptcies” (with Anne Lawton and Margaret Howard), 25 Am. Bankr. Inst. L. Rev. 61 (2017).
SSRN | HeinOnline (PDF)

“‘Maximum Possible Accuracy’ in Credit Reports,” 80:3 Law & Contemp. Probs. 87 (2017).
HeinOnline (PDF)

“Common Law vs. Statutory Bases of Patent Exhaustion” (with John F. Duffy), 103 Va. L. Rev. Online 1 (2017).
SSRN | HeinOnline (PDF)

"Statutory Domain and the Commercial Law of Intellectual Property" (with John Duffy), 102 Va. L. Rev. 1 (2016).
SSRN | HeinOnline (PDF)

"Fair and Unfair Discrimination in Municipal Bankruptcy" (with Steven D. Walt), 37 Campbell L. Rev. 25 (2015) (symposium).
HeinOnline (PDF)

“The Social Costs of Credit Reporting Errors,” 11 J.L. Econ. & Pol’y 329 (2015).
HeinOnline (PDF)

“Pensions and Property Rights in Municipal Bankruptcy” (with Steven D. Walt), 33 Rev. Banking & Fin. L. 609 (2014).
SSRN

"Non-Judicial Debt Collection and the Consumer’s Choice Among Repayment, Bankruptcy and Informal Bankruptcy" (with Amanda E. Dawsey and Lawrence M. Ausubel), 87 Am. Bankr. L.J. 1 (2013).
HeinOnline (PDF)

"Posted: Notice and the Right to Exclude," 45 Ariz. St. L.J. 949 (2013).
HeinOnline (PDF)

"Taxing Control," 38 J. Corp. L. 567 (2013).
HeinOnline (PDF)

“Payday Lending, Bankruptcy and Insolvency,” 69 Wash. & Lee L. Rev. 607 (2012).
HeinOnline (PDF)

“State Default and Synthetic Bankruptcy,” 87 Wash. L. Rev. 657 (2012).
HeinOnline (PDF)

“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).
HeinOnline (PDF)

“Credit Markets, Exemptions, and Households with Nothing to Exempt,” 7 Theoretical Inq. L. 493 (2006).
HeinOnline (PDF)

“Bankruptcy and State Collections Proceedings: The Case of the Missing Garnishments,” 91 Cornell L. Rev. 603 (2006).
HeinOnline (PDF)

"Why (Consumer) Bankruptcy,” 56 Ala. L. Rev. 121 (2004).
HeinOnline (PDF)

“The Political Economy of Property Exemption Laws” (co-author), 47 J.L. & Econ. 19 (2004).
HeinOnline (PDF)

“Overoptimism and Overborrowing,” 2004 B.Y.U. L. Rev. 127.
HeinOnline (PDF)

“Non-Procrustean Bankruptcy,” U. Ill. L. Rev. 301 (2004).
SSRN | HeinOnline (PDF)

“Optimal Bankruptcy in a Non-optimal World,” 44 B.C. L. Rev. 1 (2002).
HeinOnline (PDF)

“The Law and Economics of Consumer Finance” (co-author), 4 Am. L. & Econ. Rev. 168 (2002).
SSRN Abstract

“Bankruptcy Exemptions and the Market for Mortgage Loans” (co-author), 42 J.L. & Econ.809 (1999).
HeinOnline (PDF)

“Inconsistent Verdicts, Issue Preclusion and Settlement in the Presence of Judicial Bias,” Vol. 2, No. 2 University of Chicago Law School Roundtable 663 (1995).
HeinOnline (PDF)