Case filing & court posture: Car Toys, Inc., a specialty retailer of car audio equipment and vehicle accessories operating 35 stores across four states, filed for chapter 11 protection on August 18, 2025, in the Western District of Washington (Case No. 25-12288). Dkt. 1 The case is assigned to Judge Timothy W. Dore.
Liquidity & financing path: The Debtor obtained a stipulated interim order authorizing use of cash collateral on August 22, 2025 Dkt. 76, followed by a stipulated final cash collateral order on September 25, 2025. Dkt. 320 Founder Daniel Brettler provided a $500,000 DIP facility to bridge the case through the sale process.
Restructuring outcome: The Debtor completed section 363 sales of substantially all operating assets to five purchasers—including Ride Ready, CTX Operating, Sound Distributions, Selway, and Aspen Sound—for approximately $12.15 million in aggregate proceeds, with sale orders entered September 29–30, 2025. Dkt. 339 Dkt. 352
Plan & disclosure statement: A joint chapter 11 liquidating plan was filed on January 16, 2026 , with the court approving the amended disclosure statement on February 2, 2026. A second amended plan was filed on February 5, 2026.
Current status: The confirmation hearing on the second amended plan is scheduled for March 6, 2026. Dkt. 529
