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Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Calif. Oakland-Fremont, Calif. Ore.-Wash. Commercial bankruptcies nearly doubledd in March 2009 fromMarcb 2008, Equifax noted. "The March numbers provide a snapshotyof what's been happening to the small businesss sector during this period of economixc turmoil," said Reza Barazesh, head of Equifax'sz North American Commercial Analytical Services Group, in a news "Not surprisingly, the highest number of small-business bankruptcies are in thosw parts of the countryt where home prices have decreased dramatically, unemployment has increaseed significantly, and credit has becomde tighter.
" For the analysis, Equifax analyze d both Chapter 7 and Chapter 13 filings. Chapterd 7 is a liquidatio n proceeding in which a debtor receives a discharge of all while Chapter 13 is a reorganization bankruptcy enabling filerw to pay off debt over a set period of Equifax reviewed and analyzed small business datafor March, the most receng month for which complete data is
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