STORY FROM: Asbestos

Trustee Appoints Committees to Oversee OCF Bankruptcy

WILMINGTON, Del. - U.S. Trustee Frederic J. Baker has appointed a committee of asbestos claimants and of general unsecured creditors who will oversee the bankruptcy proceedings of Owens Corning. In the Matter of Owens Corning, et al., No. 00-3837-3854 (D. Del., Bankr.)

In a two-page order entered Oct. 23 in the U.S. District Court for the District of Delaware, Baker assigned some 11 attorneys and 9 bank representatives to round out both committees.

Owens Corning filed for protection under Chapter 11 of the U.S. Bankruptcy Code on Oct. 5.

Facing mounting debts related to years of paying asbestos personal injury ...

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