Loading…
Monday, July 28, 2014
Current Weather
Loading Current Weather....
HomeNewsLocal
Published: Saturday, 8/31/2002

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.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.







Poll