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Education
  • University of California at Los Angeles School of Law, J.D., 1991
  • Columbia University, B.A., 1988
Bar & Court Admissions
  • New Jersey, 1991
  • U.S. District Court, District of New Jersey, 1991
  • New York, 1992
  • U.S. District Court, Southern District of New York, 1992
  • U.S. District Court, Eastern District of New York, 1992
  • U.S. Court of Appeals, Third Circuit, 1995
TEL: 201-525-6269
FAX: 201-678-6269
ivolkov@coleschotz.com
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Legal Secretary: Ruth Chave
TEL: 201-489-3000, ext. 5027
rchave@coleschotz.com

Ilana Volkov concentrates her practice in the areas of insolvency law, corporate reorganization, debtor-creditor relations, and bankruptcy litigation. She represents Chapter 11 debtors, unsecured creditors' committees, secured and unsecured creditors, commercial landlords, purchasers of assets, shareholders, and other stakeholders and parties-in-interest.

Ms. Volkov is Co-Chair of STARS, the firm's women attorney group.

Born in Riga, Latvia, Ms. Volkov is fluent in Russian.

Noteworthy

Ms. Volkov has been awarded an AV rating for her professionalism and the quality of her legal work from Martindale-Hubbell, the premier directory of legal professionals.  She has been selected for inclusion in the 2011 and 2012 editions of Best Lawyers in America® in Bankruptcy and Creditor-Debtor Rights Law.  She also has been selected by her peers for inclusion in New Jersey Super Lawyers® in Bankruptcy & Creditor/Debtor Rights.  Ms. Volkov has served as a panelist and moderator of numerous bankruptcy related seminars sponsored by New Jersey Institute of Continuing Legal Education, New Jersey Association of Corporate Counsel, IWIRC-NJ Network and William H. Gindin Bench-Bar Conference.

Ilana Volkov has also been included in 201 Magazine's list of Top Lawyers in Bergen County for 2011.

In August 2002, Ms. Volkov was selected by the New Jersey Law Journal as one of the top 40 lawyers under the age of 40 to watch for the next decade. In 2006, she was selected by Legal Services of New Jersey and the New Jersey State Bar Association to receive an Equal Justice Medal for her pro bono efforts on behalf of low-income clients.

Representative Matters

Chapter 11 debtors:

  • Adamar of New Jersey, Inc. (a/k/a/ Tropicana Casino and Resort-Atlantic City) and Manchester Mall, Inc.
  • Best Manufacturing Group LLC et al.
  • BNA Subsidiaries, LLC (worked on examination of potential “alter ego,” fraudulent transfer and equitable subordination claims against parent)
  • Burke Industries, Inc.
  • Carretta Trucking, Inc.
  • Dean Floor Covering Co.
  • Hit or Miss, Inc.
  • Horowitz / Rae Book Manufacturers, Inc. et al.
  • Integral Nuclear Associates, LLC et al.
  • Microbiz Corp.
  • Tarragon Corporation et al.
  • TNS Nursing Homes, Inc. et al
  • Tops Appliance, Inc.
  • Workbench Furniture, Inc.

Unsecured Creditors' Committees:

  • Kara Homes, Inc. et al.
  • Linens and Things
  • Parmalat USA et al. (special conflicts counsel)
  • Shapes/Arch Holdings LLC et. al.
  • Treasure Island, Inc.
  • Vanguard Research Industries, Inc.

Ms. Volkov serves as conflicts counsel for the Insolvency Administrator over the estate of Qimonda AG in the Chapter 15 proceeding of Qimonda AG.

Published Decisions

Centennial Associates Ltd. Partnership v. F.D.I.C., 927 F.Supp. 806, 1996 WL 277390, , D.N.J., May 16, 1996 (Civil Action No. 96-707 (JCL).)

In re Concord Marketing, Inc., 268 B.R. 415, 2001 WL 1298972, 47 Collier Bankr.Cas.2d 358, 38 Bankr.Ct.Dec. 148, , Bkrtcy.D.N.J., October 12, 2001 (No. 98-42097(RG).)

News

Publications

Practice Pitfalls in Chapter 11 Proceedings, New Jersey Law Journal

Section 503(b): Potent Tool for Selfless Creditors, New Jersey Law Journal

New Debtors’ Hurdles in Single-Asset Cases, New Jersey Law Journal

ADR Can Help a Chapter 11 Debtor, New Jersey Law Journal

The Bankruptcy Reform Act of 1994: Increased Challenges for Single Asset Real Estate Cases, The Real Estate Finance Journal

Law Blog Articles

Professional Activities

  • International Women’s Insolvency and Restructuring Confederation (Director at Large; Founding Member and Immediate Past Chair of the New Jersey Network)
  • New Jersey State Bar Association (Bankruptcy Law Section; Immediate Past Chair of Pro Bono Services Subcommittee of the Bankruptcy Law Section)
  • American Bankruptcy Institute, Member
  • RUSBAN, Board Member
  • New Jersey Women Lawyers' Association, Member