Wednesday, June 17, 2009

EDDIE BAUER: Case Summary & 30 Largest Unsecured Creditors

Debtor: Eddie Bauer Holdings, Inc.
10401 N.E. 8th Street, Suite 500
Bellevue, WA 98004

Bankruptcy Case No.: 09-12099

Debtor-affiliates filing subject to Chapter 11 petitions:

Entity Case No.
------ --------
Eddie Bauer, Inc. 09-12100
Eddie Bauer Fulfillment Services, Inc. 09-12101
Eddie Bauer Diversified Sales, LLC 09-12103
Eddie Bauer Services, LLC 09-12104
Eddie Bauer International Development, LLC 09-12105
Eddie Bauer Information Technology, LLC 09-12106
Financial Services Acceptance Corporation 09-12107
Spiegel Acceptance Corporation 09-12108

Type of Business: Established in 1920 in Seattle, Eddie Bauer is a
specialty retailer that sells outerwear, apparel
and accessories for the active outdoor
lifestyle. The Eddie Bauer brand is a nationally
recognized brand that stands for high quality,
innovation, style and customer service. Eddie
Bauer products are available at 371 stores
throughout the United States and Canada, through
catalog sales and online at
http://www.eddiebauer.com/ Eddie Bauer
participates in a joint venture in Japan and has
licensing agreements across a variety of product
categories.

Chapter 11 Petition Date: June 17, 2009

Court: District of Delaware

Judge: Mary F. Walrath

The Debtors' Counsel: David S. Heller, Esq.
Josef S. Athanas, Esq.
Heather L. Fowler, Esq.
Latham & Watkins LLP
Sears Tower, Suite 5800
233 South Wacker Drive
Chicago, IL 60606
Tel: (312) 876-7700
Fax: (312) 993-9767
http://www.lw.com/

Co-Counsel: Kara Hammond Coyle, Esq.
Michael R. Nestor, Esq.
Young Conaway Stargatt & Taylor LLP
The Brandywine Bldg.
1000 West Street, 17th Floor
P.O. Box 391
Wilmington, DE 19899
Tel: (302) 571-6600
Fax: (302) 571-1253
http://www.ycst.com/

Restructuring Advisor: Alvarez and Marsal North America LLC
600 Lexington Avenue, 6th Floor
New York, NY 10022
Tel: (212) 759-4433
Fax: (212) 759-5532
http://www.alvarezandmarsal.com/

Claims Agent: Kurtzman Carson Consultants LLC
2335 Alaska Avenue
El Segundo, CA 90245
Tel: (866) 967-1781
http://www.kccllc.net/

Estimated Assets: $100 million to $500 million

Estimated Debts: $100 million to $500 million

The Debtors' Largest Unsecured Creditors:

Entity Nature of Claim Claim Amount
------ --------------- ------------
The Bank of New York Bond Indenture $75,000,000
Attn: Mary Lagumina Trustee
Corporate Trust
Administration
101 Barclay Street Floor 8W
New York, NY 10286
Tel: (212) 815-4812
Fax: (212) 815-5704

U.S. Customs Service Trade Claim $2,500,000
Attn: Mike Hagge
ACH Debit Applications
Revenue Division
6650 Telecom Drive, Suite 100
Indianapolis, IN 46278
Tel: (317) 298-1200 ext. 1098
Fax: (317) 298-1259

Kristal D. Scherer Litigation $1,600,000
Sheldon A. Ostroff
Law Offices of Sheldon A.
Ostroff
1441 State St.
San Diego, CA 92101
Tel: (619) 544-0881
Fax: (619) 544-0892

RR Donnelley Trade Claim $855,526
Receivables Inc.
Attn: Tom Van Westrienen
5050 1st Ave S, Ste 101
Seattle, WA 98134
Tel: (425) 450-1292
Fax: (425) 417-5732

Expeditor's International Trade Claim $700,000
Attn: Jannelle Farina
21318 64th Ave. S.
Kent, WA 98032
Tel: (206) 407-2935
Fax: (206) 835-7013

Boom! Trade Claim $464,976

Spiegel Creditors Bank Accounts $450,000

Midland Paper Co. Trade Claim $299,469

Vipdesk Connect Inc. Trade Claim $250,000

Fry Inc. Trade Claim $225,000

Stageplan Inc. Trade Claim $217,807

Newgistics Trade Claim $200,000

Scheiner Commercial Trade Claim $178,571

Epsilon Trade Claim $150,000

Vulcan Mgmt/Smart Services Trade Claim $150,000

UPromise Trade Claim $136,480

FedEx Trade Claim $131,024

Meisel C. Laminack Trade Claim $130,000

Performics Trade Claim $124,827

Russell Reynolds Trade Claim $123,747

National Print Trade Claim $111,665

Colorgraphics Trade Claim $106,000

Tranzact Trade Claim $100,000

Vanney Associates Trade Claim $99,042

Kiva Designs Trade Claim $92,044

South Central Power Trade Claim $84,243

AT&T Trade Claim $81,888

Voda Studios Trade Claim $72,835

Danny Hernandez Litigation Unknown

The petition was signed by Marvin Edward Toland, senior vice president and chief financial officer.

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Today's Troubled Company Reporter contains 30 case summaries of companies with at least $1 million in assets. The Troubled Company Reporter provides definitive coverage of financially distressed companies, those with junk ratings and those that have filed for Chapter 11. For a 30-day free trial, go to http://www.bankrupt.com

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