We have been informed that Oakwood Homes has filed Chapter 11 Bankruptcy in the United States Bankruptcy Court, Delaware on November 15, 2002. Oakwood Homes was self-insured for workers’ compensation claims in North Carolina through July 1, 1998 and commercial insurance coverage thereafter.

            The current information available to the Industrial Commission is that Oakwood Homes has sought and been granted permission by the Bankruptcy Court to continue to process and pay all workers’ compensation claims for the period of self-insurance even though the company is within the jurisdiction of the Bankruptcy Court. Claims covered by an insurance carrier are not affected by the Bankruptcy petition. Therefore, all parties having existing or new workers’ compensation claims should proceed with those claims as would normally occur.

            If any claimant does not receive benefits to which they are lawfully entitled or should benefits awarded be suspended or terminated for unexplained reasons, please notify the Industrial Commission. Questions or concerns regarding Oakwood Homes claims should be directed to: Stephen T. Gheen, Chief Deputy Commissioner, 919-807-2540 or gheen@ind.commerce.state.nc.us. Due to the volume of inquiries, email communication is requested if possible, though not required.

The Industrial Commission website (www.comp.state.nc.us) will be updated as needed with additional information.