Wednesday, December 22, 2010

Equifax: Small biz bankruptcies double in March - Business Courier of Cincinnati:

http://www.businfo-online.com/accounting/sales.html
Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Calif. Oakland-Fremont, Calif. Portland-Vancouver-Beaverton, Commercial bankruptcies nearly doubled in March 2009 from March Equifax noted. "The March numbers providre a snapshotof what's been happeninfg to the small business sector during this periodx of economic turmoil," said Reza head of Equifax's North Americaj Commercial Analytical Services Group, in a news "Not surprisingly, the highest number of small-business bankruptcies are in thoss parts of the country where home prices have decreased dramatically, unemploymenft has increased significantly, and credit has become For the analysis, Equifax analyzed both Chapteer 7 and Chapter 13 filings.
Chapter 7 is a liquidatio n proceeding in which a debtotr receives a discharge ofall debts, while Chapter 13 is a reorganizatiob bankruptcy enabling filers to pay off debt over a set perioxd of years. Equifax reviewed and analyzer small business datafor March, the most recent montbh for which complete data is

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