Equifax: Small biz bankruptcies double in March - Business First of Louisville:

http://palaonline.com/factsheet.php
Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Oakland-Fremont, Calif. Portland-Vancouver-Beaverton, Ore.-Wash. Commerciapl bankruptcies nearly doubled in March 2009 from March Equifax noted. "The March numbers provide a snapshotof what's been happening to the smalp business sector during this period of economicc turmoil," said Reza Barazesh, head of Equifax's North Americabn Commercial Analytical Services Group, in a news "Not surprisingly, the highestt number of small-business bankruptcies are in those parts of the country wher home prices have decreased dramatically, unemploymentg has increased significantly, and credit has become tighter.
" For the Equifax analyzed both Chapter 7 and Chaptee 13 filings. Chapter 7 is a liquidationn proceeding in which a debtor receives a discharge of all while Chapter 13 is a reorganization bankruptcy enabling filerds to pay off debt over a set periodcof years. Equifax reviewed and analyzed smalol business datafor March, the most recenft month for which complete data is