George Wallace earned his bachelor's degree from Yale College in 1964, and his legal degree from University of Virginia in 1967. After graduating from law school, he served as a law professor for one year at Tulane University before joining the faculty at University of Iowa College of Law in 1968. He was a member of the faculty at Iowa until 1979. After leaving Iowa, he joined the law faculty at Rutgers University. His work focused on bankruptcy law, including testifying before Congress on the need for bankruptcy law reform, and assisting with the drafting of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. He died in 2008.