Sheffield Towing Service filed Chapter 11 bankruptcy in the Western District of Texas in January 2026 after a May 2025 semi-truck crash generated a wrongful death suit and a separate civil claim exceeding $1 million, according to San Angelo Live. The company listed assets and liabilities between $1 million and $10 million and is reorganizing under Subchapter V, which permits continued operations during restructuring.
Operator takeaway
Verify your per-occurrence liability coverage against your actual fleet exposure — a single catastrophic claim can exceed policy limits and force restructuring.