Equifax Study Shows Improvement and Weakness in Small Business Bankruptcy Trends ; - Bankruptcy Petitions Decline in Q4 2010, California Continues to Exert Economic Pressure -
U.S. Newswire › March 18, 2011
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Summary
ATLANTA, March 16, 2011 /PRNewswire/ -- Recognizing the impact of small firms on the health of today's economy, Equifax (NYSE: EFX) conducted an extensive study on 2010 bankruptcy trends among the nation's more than 24 million small businesses. Equifax data showed that small business bankruptcy petitions dropped in many areas extending from coast to coast, with some Western regions experiencing sharp declines. While bankruptcy rates have decelerated in many U.S. regions, small business economic turmoil in California remained high throughout 2010 and accounted for nearly 20% of the country's business failures.
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Equifax Study Shows Improvement and Weakness in Small Business Bankruptcy Trends ; - Bankruptcy Petitions Decline in Q4 2010, California Continues to Exert Economic Pressure -
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"For small businesses, the road to economic recovery was marked by a number of challenges in 2010 and many states such as California and Oregon face an uphill battle in the months ahead," said Dr. Reza Barazesh, senior vice president, Equifax Commercial Information Solutions. "Despite these hurdles, the landscape is sh...See the full content of this document
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