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Small Business Bankruptcy Filings Up 44% Year-Over-Year 11/4/09 - Equifax reported that commercial bankruptcies among the nation's more than 25 million small businesses increased by 44% from the third quarter of 2008 to the third quarter of 2009. There were 9,361 bankruptcy filings in September 2009 throughout the U.S., up from 7,386 a year ago. California remains the most negatively affected state. Los Angeles, Riverside/San Bernardino and Sacramento metropolitan areas continued to lead the nation in small business bankruptcy. Other high bankruptcy areas include Denver-Aurora, CO; Santa Ana-Anaheim-Irvine, CA; San Diego-Carlsbad CA; Dallas-Plano-Irving, TX; Portland-Vancouver-Beaverton, OR-WA; Oakland-Fremont-Hayward, CA; Chicago-Naperville-Joliet, IL; Houston-Sugar Land-Baytown, TX; San Jose-Sunnyvale-Santa Clara CA and Atlanta-Sandy Springs-Marietta, GA A 69% drop and 49% decline in bankruptcies in Charlotte and New York-White Plains and a 44% drop in Atlanta indicates that the East Coast may be experiencing an earlier recovery from the recession than the West Coast. Equifax says that the areas with the fewest small business bankruptcy filings include Charleston, WV; Trenton-Ewing NJ; Tallahassee FL; South Bend-Mishawaka IN-MI; Holland-Grand Haven MI; Gainesville FL; Baton Rouge LA; Wilmington NC; Toledo OH; Roanoke VA; Lubbock TX; Lancaster PA; Springfield MA; and Savannah GA |
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