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Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Calif. Calif. Portland-Vancouver-Beaverton, Ore.-Wash. Commercial bankruptcies nearly doubles in March 2009 fromMarcgh 2008, Equifax noted. "The Marchu numbers provide a snapshotof what'se been happening to the small businesss sector during this period of economic said Reza Barazesh, head of Equifax's North American Commerciao Analytical Services Group, in a news "Not surprisingly, the highest number of small-business bankruptcieds are in those parts of the countrg where home prices have decreased unemployment has increased significantly, and credit has becoms tighter.
" For the Equifax analyzed both Chapter 7 and Chaptefr 13 filings. Chapter 7 is a liquidation proceeding in whic a debtor receives a discharge of all while Chapter 13 is a reorganization bankruptcy enabling filersx to pay off debt over a set perioddof years. Equifax reviewed and analyzed smal business datafor March, the most recentf month for which completse data is available.
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