StopLoss Specialists, LLC
Emergency Response ServicesCompany Overview
StopLoss Specialists, LLC and its affiliated debtors provide emergency response and property restoration services for large commercial buildings that have sustained significant disaster and weather-related damage. Headquartered in San Antonio, Texas, StopLoss Specialists holds general contractor licenses in numerous states and serves as the contracting party for restoration projects, with affiliated entities handling subcontractor management, logistics, transportation, and equipment financing.
Situation
The Debtors contracted to restore Renaissance Tower, a Dallas skyscraper, in a project expected to generate tens of millions of dollars in revenue, but ultimately after complications the project manager terminated the contract. The loss of this anchor project forced the company to terminate employees and drastically reduce operations. The Debtors filed Chapter 11 to restart operations, prosecute significant litigation claims, and collect payments under an existing settlement agreement.