NORTH CAROLINA INDUSTRIAL COMMISSION
IN RE: POLYMER GROUP, INC. AND ITS SUBSIDIARIES, INCLUDING DOMINION
TEXTILES, INC. AND DOMINION YARN CORPORATION. ORDER by STEPHEN T.
GHEEN, Chief Deputy Commissioner, N.C.
Industrial Commission. Filed 19
This matter comes before the undersigned based upon the filing of a
bankruptcy petition by Polymer Group, Inc.
* * * * * * * * * *
Whereas, Polymer Group, Inc. and its subsidiaries filed a petition in bankruptcy in the United States Bankruptcy Court for the District of South Carolina and has defaulted on certain obligations, as described hereinafter, for payment of workers’ compensation insurance claims in the State of North Carolina;
Whereas, Polymer Group, Inc. acquired Dominion Textiles, Inc., the latter being for the workers’ compensation claims of its subsidiary, Dominion Yarn Corporation;
Whereas, Dominion Yarn Corporation was an approved self-insurer for workers’ compensation insurance in the State of North Carolina from August 28, 1979 through July 9, 1997;
Whereas, the North Carolina Self-Insurance Guaranty Fund has assumed responsibility for processing and paying the “covered” claims of Dominion Textiles, Inc. upon the default of Polymer Group, Inc.; and
Whereas, N.C. Gen. Stat. §97-141 provides for an automatic stay of proceedings in claims assumed by the NCSIGA; now, therefore, it is:
1. That all claims in the Deputy Commissioner Section of the Industrial Commission in which Dominion Yarn Corporation is a named defendant are stayed for sixty days from November 12, 2002 “provided that the payment of weekly compensation for incapacity is made whenever time periods or proceedings affecting the payment of weekly compensation are stayed.”
2. That this stay shall automatically expire by its terms following the period of the stay granted or upon Order of the Industrial Commission.
3. That parties to any workers’ compensation claim seeking relief from the stay shall file all motions with the undersigned.
4. No costs are assessed at this time.
STEPHEN T. GHEEN
CHIEF DEPUTY COMMISSIONER
SeeChairman Lattimore’s November 19, 2002 Memorandum on Polymer Group, Inc.