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Donlin Recano Retained to Provide Bankruptcy Services to Everything but Water LLC.


NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 -- Donlin, Recano and Company, Inc., the bankruptcy management consultancy, announced today the company will provide claims, noticing and balloting services in the bankruptcy case of Everything But Water LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, the Florida-based retailer of upscale swimwear for women. Everything But Water filed for Chapter 11 bankruptcy protection in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties.  for the District of Delaware. An auction sale of the assets has been scheduled by the Bankruptcy Court for April 27th.

Everything But Water, which sells swimwear in 60 stores in 22 states in the U.S., has cited the current economic downturn which has brought about a substantial reduction in sales. Donlin Recano will use Web-based technology to facilitate the essential data-sharing process among debtors and creditors in this case.

"The ailing economy, deepening recession and lack of consumer confidence have impacted the retail sector tremendously," said Louis Recano, President of Donlin Recano. "We will provide an efficient administrative process to address and meet the needs of Everything But Water."

Founded in 1984, Everything But Water sells upscale women's swimwear by a variety of designers, including Betsey Johnson Betsey Johnson (born August 10, 1942 in Wethersfield, Connecticut) is a fashion designer best known for her feminine and whimsical designs. She also is known for doing a cartwheel at the end of her fashion shows. , Gottex, Michael Kors This article or section is written like an .
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 and Becca, nationwide. The company's management team is lead by its President, Sheila Arnold.

Filing for bankruptcy on February 25th, the bankruptcy team will be lead by Alan D. Halperin of Halperin Battaglia Raicht, LLP LLP - Lower Layer Protocol . The Everything But Water filing has allowed Donlin Recano to increase its growing market share in the retail industry, following previous assignments as the bankruptcy administration firm for Friedman's Inc., Hancock Fabrics, Inc. and Lillian Vernon Corporation.

About Donlin Recano

Donlin Recano is the leading claims management company that has served over 200 national clients across a broad range of industries and business sectors. Working with counsel, turnaround advisors and the affected company, Donlin Recano helps organize and guide Chapter 11 clients through administrative bankruptcy tasks, including provision of Web site-accessible information, formation of professional call centers, management of claims, balloting, distribution and other administrative services.

The company also provides similar services to creditor committees of clients in an effort to comply with

The Bankruptcy Abuse Prevention and Consumer Protection Act The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (Pub.L. 109-8, 119 Stat. 23, enacted 2005-04-20), provided for significant changes in Bankruptcy in the United States, was passed by the 109th United States Congress on April 14, 2005 and signed into law  of 2005.
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Publication:Business Wire
Date:Mar 24, 2009
Words:354
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