Consensual Plan of Reorganization

On September 26, 2006, the Bankruptcy Court approved the Sixth Amended Joint Plan of Reorganization for Owens Corning and its Affiliated Debtors and Debtors in Possession (as Modified). On September 28, 2006, the District Court affirmed the Bankruptcy Court's ruling.

1. Order Confirming the Sixth Amended Joint Plan of Reorganization
2. District Court Order affirming Bankruptcy Court Order Confirming the Sixth Amended Joint Plan of Reorganization
3. Sixth Amended Joint Plan of Reorganization
4. Plan Schedules
5. Plan Exhibits A – D
6. Plan Exhibits E – N
7. Plan Exhibits O – Q

   The Sixth Amended Joint Plan of Reorganization became effective on October 31, 2006.

   The Order Confirming the Sixth Amended Joint Plan of Reorganization established a "Distribution Record Date" for certain claims, of September 27, 2006. To the extent applicable, the transfer of claims after the Distribution Record Date will not be recognized for the purpose of the making of distributions under the Sixth Amended Joint Plan.

   Disclosure Statement (as modified)

   Appendices B through K

   Notice of Filing Plan Supplement Materials / Disclosure Statement Appendices / Plan Schedules

   Notice of Disclosure Statement Approval

8. Other Legal Information and Filings

   Order Establishing Case Management Procedures and Hearing Schedule -
   Click here to view (pdf 177 KB)

   Supplemental Order Establishing 2006 Filing Deadlines and Hearing Schedule -
   Click here to view (pdf 90 KB)

   Asbestos Estimation. An initial hearing to determine the aggregate amount of the Debtors' asbestos personal injury liabilities was held from January 13-20, 2005, before District Court Judge John P. Fullam. On April 1, 2005, Judge Fullam issued a decision estimating Owens Corning's aggregate present and future asbestos liabilities at $7.0 billion. Credit Suisse First Boston, as Agent, and certain other parties have appealed this decision to the United States Court of Appeals for the Third Circuit. As of the date hereof, no decision has been issued with respect to this appeal. Click here to request an online view of Judge Fullam's April 1, 2005 Memorandum and Order estimating Owens Corning's asbestos liabilities at $7.0 billion.

   2019 Statements. By Order dated October 22, 2004, the Bankruptcy Court established certain requirements and procedures regarding the filing of Statements pursuant to Federal Rule of Bankruptcy Procedure 2019. Click here to request an online view of such Order.

   On July 8, 2005, the Bankruptcy Court issued a supplement to their Order. Click Here to request an online view of their supplement.

   Orders Imposing Restrictions on Trading of OC Stock. By Interim Order entered March 1, 2005, the Bankruptcy Court imposed certain notice and other restrictions on the trading of Owens Corning equity securities. On April 15, 2005, the Court issued a final order imposing certain notice and other restrictions on the trading of Owens Corning equity securities. Click here to request an online view of such Final Order.

   Substantive Consolidation. On October 5, 2004, Judge Fullam issued a decision approving the Debtors' motion to "substantively consolidate" their cases as part of confirmation of a plan of reorganization. Such order was appealled by Credit Suisse First Boston as Agent. Click here to request an online view of Judge Fullam's October 5, 2004 decision. Click here to request an online view of Owens Corning's brief to the appellate court regarding substantive consolidation.

   On August 15, 2005, the Court of Appeals issued an order reversing Judge Fullam's prior order approving substantive consolidation. Click here to view to view the Federal Appeals Court decision to reverse Judge Fullam's earlier decision on substantive consolidation.

9. Other information

   Click here to request on an online view of the Debtor's response and objection to CSFB's Motion For Appointment of Chapter 11 Examiner.

   Click here for a list of each of the Debtor's bankruptcy case numbers and certain of their current and former business and legal names.

   All filings in the Owens Corning Case can be obtained on Pacer.

   Click here to view Owens Cornings' recent SEC filings.