Equifax: Small biz bankruptcies double in March - San Francisco Business Times:

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Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Oakland-Fremont, Calif. Portland-Vancouver-Beaverton, Ore.-Wash. Commercial bankruptcies nearlyt doubled in March 2009 fromMarch 2008, Equifax noted. "The March numbers provide a snapshotyof what's been happening to the smalol business sector during this period of economidc turmoil," said Reza Barazesh, head of Equifax's North Americab Commercial Analytical Services Group, in a news release.
"Not the highest number of small-business bankruptciees are in those parts of the countryh where home prices havedecreased dramatically, unemployment has increasec significantly, and credit has become For the analysis, Equifax analyzedc both Chapter 7 and Chapteer 13 filings. Chapter 7 is a liquidationj proceeding in which a debtor receives a discharge of all while Chapter 13 is a reorganizatiojn bankruptcy enabling filers to pay off debt over a set periocdof years. Equifax reviewed and analyzed small businesse datafor March, the most recent montbh for which complete data is available.