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Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Calif. Calif. Portland-Vancouver-Beaverton, Ore.-Wash. Commercial bankruptcies nearlg doubled in March 2009 fromMarch 2008, Equifax noted. "Thwe March numbers provide a snapshotof what's been happeningy to the small businesa sector during this period of economiv turmoil," said Reza Barazesh, head of Equifax's Nortu American Commercial Analytical Services in a news release. "Not the highest number of small-busines bankruptcies are in those parts of the country where home pricew havedecreased dramatically, unemployment has increased significantly, and credigt has become tighter.
" For the analysis, Equifax analyzesd both Chapter 7 and Chapter 13 filings. Chapterd 7 is a liquidation proceedingg in which a debtor receives a dischargs ofall debts, while Chaptef 13 is a reorganization bankruptcy enablinh filers to pay off debt over a set periodd of years. Equifax reviewed and analyzed smallp business datafor March, the most recenft month for which complete data is available.
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