Buyout-Backed Bust: American Furniture Corp.

American Furniture Corp., an Albuquerque, N.M.-based furniture retailer, has filed for Chapter 11 bankruptcy protection. The company said that it plans to keep its stores open, while working “to restructure the company’s debt and realign its business operations.” Hancock Park Associates acquired a majority stake in AFC in 2005 for an undisclosed amount. www.americanhome.com