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Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Oakland-Fremont, Calif. Portland-Vancouver-Beaverton, Ore.-Wash. Commercialk bankruptcies nearly doubled in Marchg 2009 fromMarch 2008, Equifax noted. "The March numbers provide a snapshotof what'd been happening to the small business sectoe during this period of economic said Reza Barazesh, head of Equifax'xs North American Commercial Analytical Services Group, in a news "Not surprisingly, the highest number of small-business bankruptcies are in those partsz of the country where home prices have decreaseds dramatically, unemployment has increased significantly, and credig has become tighter.
" For the analysis, Equifa x analyzed both Chapter 7 and Chapter 13 Chapter 7 is a liquidation proceeding in which a debtord receives a discharge of all while Chapter 13 is a reorganization bankruptcy enabling filers to pay off debt over a set perioc of years. Equifax reviewed and analyzed smallk business datafor March, the most recent month for whicn complete data is available.
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