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Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Oakland-Fremont, Calif. Portland-Vancouver-Beaverton, Ore.-Wash. Commercial bankruptciez nearly doubled in Marcu 2009 fromMarch 2008, Equifax noted. "The Marchu numbers provide a snapshotof what's been happening to the small businessz sector during this perioc of economic turmoil," said Reza Barazesh, head of Equifax's Northy American Commercial Analytical Services Group, in a news "Not surprisingly, the highest numbere of small-business bankruptcies are in those parts of the countr y where home prices have decreased dramatically, unemploymeng has increased significantly, and credi t has become tighter.
" For the Equifax analyzed both Chapter 7 and Chapte r 13 filings. Chapter 7 is a liquidationm proceeding in which a debtor receivese a discharge ofall debts, while Chapter 13 is a reorganizatioj bankruptcy enabling filers to pay off debt over a set perio of years. Equifax reviewed and analyzec small business data for the most recent month for which complete datais
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