Faced with debt from overexpansion and declining sales, Burger King's second-largest franchisee on Wednesday filed for bankruptcy. AmeriKing's move to seek Chapter 11 protection in U.S. Bankruptcy Court in Wilmington, Del., comes as the fast-food industry is stuck in a price war that threatens to destroy the financial viability of restaurant operations. ''Clearly the price pressure from McDonald's is what did it to them,'' said Carl Sibiliski, restaurant industry analyst with Morningstar. ``Burger King was teetering on the edge, and McDonald's $1 menu pushed the envelope.'' Keep in mind, this doesn't mean BK is down and out, just one of the 2nd largest franchisee is. Full story.