Friday, December 7, 2012

Equifax: Small biz bankruptcies double in March - Baltimore Business Journal:

zuloraxelewo.blogspot.com
Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Calif. Oakland-Fremont, Calif. Portland-Vancouver-Beaverton, Commercial bankruptcies nearly doubled in Marcgh 2009 fromMarch 2008, Equifa x noted. "The March numbers provide a snapshot of what's been happening to the smallp business sector during this period of economic turmoil," said Reza Barazesh, head of Equifax's North American Commercial Analytical Services Group, in a news release.
"Nor surprisingly, the highest number of small-business bankruptcies are in thosed parts of the country wherw home prices havedecreased dramatically, unemploymen t has increased significantly, and credit has become For the analysis, Equifax analyzed both Chaptere 7 and Chapter 13 filings. Chapter 7 is a liquidationh proceeding in which a debtor receives a discharge of all while Chapter 13 is a reorganization bankruptcg enabling filers to pay off debt over a set perioxdof years.
Equifax reviewed and analyzer small business datafor March, the most recent month for which complete data is

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