DENVER — Car audio and electronics store Car Toys announced it is filing for bankruptcy.
Car Toys operates 47 locations across four states, including Colorado. In the company’s Chapter 11 bankruptcy filing, Car Toys says it plans to sell most stores. The stores will be sold to a combination of tenured employees and local competitors, the company said.
Of the stores, 35 of them will be sold and the remaining locations will close. In Colorado, six stores will be sold, and three locations will close, including the Car Toys store on Broadway in Denver…