I am working on a Java desktop application in which I need to implement recycle bin functionality. Currently:
When you delete a file:
(Note: this has issues if you have multiple applications/threads doing this at the same time.)
All the information you need to "restore" the file is in the text file, and you've avoided the duplicate name problem.
For more robustness against concurrent uses, and if you have Java 1.5 or greater, consider using a java.util.UUID rather than a "dumb" random number as the recycled file name. Can't be guaranteed to be safe AFAIK, but it should be good enough in most circumstances (especially if there's only one real user on the machine this is running).
Lastly, make sure you've closed your output streams in steps 3 and 4 above before you delete, and that they didn't throw any exception - otherwise you risk losing data. (Same thing when you restore: close the restored file stream before deleting the recycled one.)