SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): ~~July 14~~September 9, 2003

OAKWOOD HOMES CORPORATION

(Exact name of registrant as specified in charter)

North Carolina	1-7444	56-0985879
(State or other jurisdiction of incorporation)	(Commission file number)	(IRS Employer Identification Number)
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	file number)	Identification Number)


7800 McCloud Road, Greensboro, North Carolina		27409-9634

(Address of principal executive offices)		(Zip Code)


Registrant’s telephone number, including area code:		(336) 664-2400

Item 5. Other Events.

On ~~July~~September 149, 2003, Oakwood Homes Corporation (the “Company”) and certain of its ~~subsidiaries~~ subsidiaries (collectively, the “~~Borrowers~~Debtors”) ~~entered~~filed ~~into~~with anthe ~~amendment~~U.S. Bankruptcy Court (the “~~Amendment~~Bankruptcy Court”) ~~to their Debtor-~~in~~-Possession~~ ~~Financing~~Delaware ~~and~~an amended ~~Security~~Plan ~~Agreement~~of Reorganization (the “~~Tranche A Agreement~~Plan”) ~~with~~and ~~Greenwich~~related ~~Capital~~Disclosure ~~Financial~~Statement. A ~~Products~~hearing has been scheduled on September 26, ~~Inc.~~2003 ~~and~~at BHwhich ~~Finance~~the ~~LLC. Pursuant~~Company intends to ask the ~~Amendment,~~Bankruptcy Court to approve the ~~following~~Disclosure ~~changes~~Statement ~~were~~and ~~made~~to allow the Company to solicit its creditors and seek confirmation of the ~~terms~~Plan. The Plan contemplates that the Company’s unsecured creditors converting their claims into all of the ~~Tranche~~outstanding Acommon ~~Agreement:~~stock of the Company and its current shareholders receiving out-of-the-money warrants in exchange for their common stock. In connection with this reorganization, the Company expects to enter into new financing arrangements to replace its debtor-in-possession and other existing credit facilities.

• Bankruptcy ~~Certain~~law ~~financial~~does ~~covenants~~not ~~were~~permit ~~amended~~solicitation toof ~~take~~acceptances ~~into~~of ~~account~~a ~~the~~plan ~~Borrowers’~~of reorganization ~~updated~~until ~~budget; • The total commitment by~~ the ~~lenders~~Bankruptcy ~~under~~Court ~~the~~approves ~~Tranche A Agreement was decreased from $140 million to $90 million (total borrowings under~~ the ~~Tranche A Agreement as of June 30, 2003 were $30,000,000); • The date by which the Borrowers must have their final~~ disclosure statement relating ~~approved~~to by the ~~United~~plan ~~States~~of ~~Bankruptcy~~reorganization ~~Court~~as ~~for~~providing ~~the~~adequate ~~District~~information of ~~Delaware~~a kind, ~~(the~~and ~~“Bankruptcy~~in ~~Court”)~~sufficient ~~was extended until September 30~~detail, ~~2003;~~as •far ~~The~~as ~~date~~is byreasonably ~~which~~practicable ~~the~~in ~~Borrowers~~light ~~must have obtained an order~~ of the ~~Bankruptcy~~nature ~~Court~~and ~~confirming~~history of ~~their~~the ~~plan~~debtor ~~of reorganization was extended until November 15, 2003;~~ and ~~• The Tranche A Agreement will terminate on~~ the ~~earliest~~condition of ~~(a)~~the ~~November~~debtor’s ~~30,~~books and ~~2003~~records, ~~(b)~~that ~~the~~would ~~date~~enable ~~of substantial consummation of~~ a ~~plan~~hypothetical ofreasonable ~~reorganization~~investor astypical ~~confirmed by an order~~ of the ~~Bankruptcy~~holder ~~Court, (c) the sale~~ of aclaims ~~material~~or ~~part~~interests of ~~any Borrower’s assets, (d)~~ the ~~date~~relevant ofclass ~~the~~to ~~conversion~~make ofan ~~the~~informed judgment ~~bankruptcy~~about ~~case of any of~~ the ~~Borrowers~~plan ~~to a case under Chapter 7~~ of ~~the~~reorganization. ~~Bankruptcy Code~~Accordingly, ~~(e)~~ the ~~date~~filing of ~~the~~this Form 8-K ~~dismissal~~is ofnot ~~the~~intended ~~Chapter~~to 11be, ~~case~~nor ofshould ~~any~~it ofbe ~~the~~construed ~~Borrowers~~as, ora ~~(f)~~solicitation for ~~the~~a ~~earlier~~vote ~~of the date~~ on ~~which (i) all of~~ the ~~loans~~Plan. ~~under~~The ~~the~~Debtors ~~Tranche~~will Aemerge ~~Agreement~~from ~~become~~Chapter 11 ~~due~~if and ~~payable~~when ora plan ~~(ii) all~~ of ~~the~~reorganization ~~loans~~receives ~~under~~ the ~~Tranche~~requisite Acreditor ~~Agreement~~approvals ~~are~~and ~~paid~~is confirmed inby ~~full and~~ the ~~Tranche~~Bankruptcy ~~A Agreement is terminated~~Court.

OnThe ~~August~~Plan and Disclosure Statement contain forward-looking statements within the meaning of Section 1327A of Securities Act of 1933, ~~2003~~as amended, and Section 21E of the ~~Bankruptcy~~Securities ~~Court~~Exchange ~~issued~~Act anof ~~order~~1934, ~~extending~~as ~~the~~amended. Such ~~dates~~forward-looking ~~until~~statements ~~which~~reflect the ~~Borrowers~~current ~~shall~~views ~~have~~of (the Debtors with respect to future events and are subject to a) number of risks, including, among others, the following: the Debtors’ expectations or beliefs concerning future events that involve risks and uncertainties, including the ability of the Debtors to satisfy the conditions and requirements of their credit facilities, the effects of the Chapter 11 cases on the ~~exclusive~~operation of the Debtors, the ~~right~~Debtors’ ability to ~~file~~obtain acourt ~~plan~~approval with respect to motions in the Chapter 11 cases prosecuted by them from time to time, the ability of the Debtors to prosecute, confirm and consummate one or more plans of reorganization ~~through~~with respect ~~October~~to 31the Chapter 11 cases, ~~2003~~and competitive industry conditions could further adversely affect sales and profitability; the Debtors may be unable to ~~(b)~~access sufficient capital to fund their operations; the ~~exclusive~~Debtors ~~right~~may not be able to ~~solicit~~securitize ~~acceptances~~their loans or otherwise obtain capital to finance their retail sales and financing activities; they may recognize special charges or experience increased costs in connection with their securitization or other financing activities; the Debtors may recognize significant expenses or charges associated with the reorganization; the Debtors may recognize special charges or experience increased costs in connection with restructuring activities; the Debtors may not realize anticipated benefits associated with their restructuring activities (including the closing of aunderperforming ~~plan~~sales ~~through~~centers); adverse ~~December~~changes ~~31,~~in ~~2003.~~governmental regulations applicable to their business could negatively impact the Debtors; they could suffer losses resulting from litigation (including shareholder class actions or other class action suits); the Debtors could

experience increased credit losses or higher delinquency rates on loans originated; negative changes in general economic conditions in markets could adversely impact the Debtors; the Debtors could experience lower recovery rates than anticipated on the sale of repossessions; the Debtors could lose the services of key management personnel; and any other factors that generally affect companies in bankruptcy proceedings or in these lines of business could also adversely impact the Debtors.

In addition, the views of the Debtors are subject to certain risks related to Chapter 11 bankruptcy proceedings, including the following: the Debtors may not be able to continue as a going concern; the Debtors’ financing arrangements may be terminated or otherwise may not be available for borrowing; the Debtors may not be able to securitize the loans that they originate or otherwise finance their loan origination activities; the Debtors may not be able to obtain the Court’s approval with respect to motions in the Chapter 11 proceeding prosecuted by them from time to time; the Debtors may not be able to develop, prosecute, confirm and consummate one of more plans of reorganization with respect to the Chapter 11 cases; third parties may seek and obtain court approval to terminate or shorten the exclusivity period that the Debtors have to propose and confirm one of more plans of reorganization for the appointment of a Chapter 11 trustee or to convert the cases to Chapter 7 cases; the Debtors may not be able to obtain and maintain normal terms with vendors and service providers; the Debtors may not be able to maintain contracts that are critical to its operations and the Chapter 11 cases may have an adverse impact on the Debtors’ liquidity or results of operations.

Should the Debtors’ underlying assumptions prove incorrect or should one or more of the risks and uncertainties materialize, actual events or results may vary materially and adversely from those described herein as anticipated, expected, believed or estimated.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

(a) Financial Statements. Not applicable.

(b) Pro Forma Financial Information. Not applicable.


99.1		Revised First Amended Joint Consolidated Plan of Reorganization of Oakwood Homes Corporation and its Affiliated Debtors and Debtors-in-Possession Under Chapter 11 of the Bankruptcy Code dated September 9, 2003

99.2		[Proposed] Disclosure Statement for Revised First Amended Joint Consolidated Plan of Reorganization of Oakwood Homes Corporation and its Affiliated Debtors and Debtors-in-Possession Under Chapter 11 of the Bankruptcy Code dated September 9, 2003

99.3		Press Release dated September 9, 2003

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	~~OAKWOOD HOMES CORPORATION~~	OAKWOOD HOMES CORPORATION
Date: August 27, 2003	By:	/s/ Suzanne H. Wood
Date: September 12, 2003	By:	/s/ Suzanne H. Wood
		Name: Suzanne H. Wood Title: Executive Vice President andChief Financial Officer
		Name: Suzanne H. Wood
		Title: Executive Vice President and Chief Financial Officer

SECURITIES AND EXCHANGE COMMISSION
Washington, DC

EXHIBITS

CURRENT REPORT
ON
FORM 8-K


Date of Event Reported:		Commission File No:
September 9, 2003		1-7444

OAKWOOD HOMES CORPORATION

EXHIBIT INDEX


Exhibit No.		Exhibit Description


99.1		Revised First Amended Joint Consolidated Plan of Reorganization of Oakwood Homes Corporation and its Affiliated Debtors and Debtors-in-Possession Under Chapter 11 of the Bankruptcy Code dated September 9, 2003

99.2		[Proposed] Disclosure Statement for Revised First Amended Joint Consolidated Plan of Reorganization of Oakwood Homes Corporation and its Affiliated Debtors and Debtors-in-Possession Under Chapter 11 of the Bankruptcy Code dated September 9, 2003

99.3		Press Release dated September 9, 2003

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