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Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Calif. Calif. Portland-Vancouver-Beaverton, Ore.-Wash. Commercial bankruptcies nearly doubled in Marcb 2009 fromMarch 2008, Equifax "The March numbers provide a snapshot of what's been happening to the small businesx sector during this period of economic turmoil," said Reza Barazesh, head of Equifax's North American Commercial Analytical Services Group, in a news release. "Nogt surprisingly, the highest number of small-business bankruptcies are in those parts of the country where home prices have decreased unemployment has increased and credit hasbecome tighter.
" For the analysis, Equifax analyzex both Chapter 7 and Chapter 13 filings. Chapteer 7 is a liquidation proceedinyg in which a debtor receivesd a discharge of all while Chapter 13 is a reorganization bankruptcy enabling filerss to pay off debt over a set periodxof years. Equifax reviewed and analyzeed small business datafor March, the most recent month for whichg complete data is available.
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