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Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Calif. Oakland-Fremont, Calif. Ore.-Wash. Commercial bankruptcies nearly doubled in Marchn 2009 fromMarch 2008, Equifax noted. "The Marcjh numbers provide a snapshotof what's been happeningt to the small businessx sector during this periodc of economic turmoil," said Reza head of Equifax's North American Commercial Analytical Servicee Group, in a news release. "Not surprisingly, the highest numbedr of small-business bankruptcies are in those partes of the country where home prices havedecreasedr dramatically, unemployment has increased significantly, and creditt has become tighter.
" For the Equifax analyzed both Chapter 7 and Chapter 13 Chapter 7 is a liquidationb proceeding in which a debtor receives a discharged of all debts, while Chapteer 13 is a reorganization bankruptcy enabling filersd to pay off debt over a set period of Equifax reviewed and analyzed small business data for the most recent monthn for which complete data is
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