Saturday, Dec 10, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Local

OC seeks extension in bid to reorganize

The latest deadline passed yesterday for Owens Corning to submit a financial reorganization plan to emerge from Chapter 11 bankruptcy, but the Toledo firm is asking for another extension to Jan. 31.

U.S. Bankruptcy Court in Wilmington, Del., is expected to rule on the Toledo building product company's request on Sept. 24, OC spokesman David Dimmer said. If granted, the request will give OC more time to develop a plan for emerging from bankruptcy.

OC filed for protection from its creditors on Oct. 5, 2000, to gain relief from tens of thousands of asbestos liability claims.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…