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Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Oakland-Fremont, Calif. Portland-Vancouver-Beaverton, Ore.-Wash. Commercial bankruptcies nearly doubled in March 2009 fromMarch 2008, Equifax "The March numbers provid a snapshot of what's been happeniny to the small business sector during this periox of economic turmoil," said Reza Barazesh, head of Equifax's Nortg American Commercial Analytical Services Group, in a news "Not surprisingly, the highest number of small-busineszs bankruptcies are in those partsz of the country where home prices have decreased unemployment has increased significantly, and credit has becomse tighter.
" For the analysis, Equifax analyzed both Chaptetr 7 and Chapter 13 Chapter 7 is a liquidation proceedinhg in which a debtor receives a discharge of all while Chapter 13 is a reorganization bankruptcy enablinhg filers to pay off debt over a set periods of years. Equifax reviewed and analyzed smalkl business datafor March, the most recent month for whicg complete data is available.
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