California retailer Anna's Linens Inc. filed for chapter 11 protection on Sunday with plans to sell its chain of home goods stores, Dow Jones Daily Bankruptcy Review reported today. In court papers filed yesterday, Anna's Linens said that it is currently in talks with New York investment firm DW Partners LP to sell its retail chain in a deal it hopes will save employees' jobs. It has until Friday to confirm a bid, which could then be put to test at a bankruptcy-court-overseen auction. The retailer's backup plan, should a going-concern sale not pan out, is liquidation.
