The court confirmed Car Toys, Inc.’s Second Amended Plan of Liquidation on March 12, moving the case from a sale-driven Chapter 11 into plan administration. Car Toys filed in the Western District of Washington on August 18, 2025 with 200-999 creditors and estimated assets and liabilities each between $10 million and $50 million; the first-day declaration described a 47-location car-audio and automotive aftermarket retailer with about 498 employees, $43.91 million of year-to-date revenue through June 30, 2025, negative $5.91 million of adjusted EBITDA, and roughly $30 million of liabilities source filing source filing.

The confirmed plan turns the remaining estate into a collection-and-distribution vehicle built around seller notes from the store sales, with Daniel Brettler, Car Toys’ founder/chairman and secured/DIP lender, receiving 80% of seller-note proceeds and 100% of specified excess PSA funds after DIP and administrative claims are satisfied. General unsecured creditors receive 20% of seller-note proceeds and 100% of litigation recoveries, equity is cancelled, and a Plan Administrator selected from Committee-nominated candidates will collect proceeds, object to claims, pursue D&O insurance-limited claims, and wind down the estate source filing source filing.