Owens Corning/Fibreboard Asbestos Trust: Claims and Payment

Owens Corning Fiberglas was founded in 1938. The trust's history page states that from 1953 the company distributed asbestos-containing insulation, which led to numerous asbestos personal injury lawsuits. In 1997 Owens Corning acquired Fibreboard Corporation. The debtors filed Chapter 11 petitions on October 5, 2000 in the U.S. Bankruptcy Court for the District of Delaware, jointly administered under Case No. 00-03837. The Sixth Amended Joint Plan of Reorganization created an asbestos personal injury trust and a permanent channeling injunction under Section 524(g) of the Bankruptcy Code. The court entered an order confirming the plan on September 26, 2006, the district court affirmed it on September 28, 2006, and the plan became effective on October 31, 2006. The trust site gives October 31, 2006 as the trust's formation date and states that it began accepting claims on August 27, 2007. The trust has two sub-accounts, one for Owens Corning claims and one for Fibreboard claims, with separate scheduled values and payment percentages. A claimant may file separate claims against each sub-account based on separate exposures. Notices dated June 30, 2026 state a reduction to 4.3% for the Owens Corning sub-account and 3.5% for the Fibreboard sub-account.