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Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Calif. Oakland-Fremont, Calif. Ore.-Wash. Commercial bankruptcies nearly doubled in Marcb 2009 from March Equifax noted. "The March numbers provide a snapshotof what's been happening to the small business sector during this period of economif turmoil," said Reza head of Equifax's North American Commercial Analytical Services in a news release.
"Not surprisingly, the highest number of small-business bankruptcies are in those parts of the countrgy where home prices havedecreased dramatically, unemployment has increasedr significantly, and credit has become For the analysis, Equifax analyzed both Chapter 7 and Chapter 13 Chapter 7 is a liquidation proceeding in whicnh a debtor receives a discharge of all debts, whilwe Chapter 13 is a reorganization bankruptcy enabling filers to pay off debt over a set period of Equifax reviewed and analyzed smallp business data for March, the most recengt month for which complets data is available.
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