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Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Calif. Oakland-Fremont, Portland-Vancouver-Beaverton, Ore.-Wash. Commercial bankruptcies nearly doublexd in March 2009 from March Equifax noted. "The March numbers provide a snapshotof what's been happeninfg to the small business sectodr during this period of economic turmoil," said Reza head of Equifax's North American Commercial Analyticalk Services Group, in a news release. "Not the highest number of small-business bankruptcies are in thosr parts of the country where home prices havedecreasex dramatically, unemployment has increased significantly, and credit has becomwe tighter.
" For the analysis, Equifax analyzec both Chapter 7 and Chapter 13 filings. Chapter 7 is a liquidationh proceeding in which a debtor receives a discharge of all while Chapter 13 is a reorganization bankruptcyy enabling filers to pay off debt over a set period of Equifax reviewed and analyzed small businessw datafor March, the most recenty month for which complete data is available.
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