This php/buddypress snipet allows you to redirect after logout if you don't like being redirected to the main homepage.
<?php
function lmc_logout_url($logout_url, $redirect) {
$redirect = "http://" . $_SERVER['HTTP_HOST'] . $_SERVER['REQUEST_URI'];
$args = array('action' => 'logout');
if(!empty($redirect)) $args['redirect_to'] = $redirect;
$logout_url = add_query_arg($args, site_url('wp-login.php', 'login'));
$logout_url = wp_nonce_url( $logout_url, 'log-out' );
return $logout_url;
}
add_filter('logout_url',"lmc_logout_url",100,2); ?>
