Atlanta (PRESS RELEASE \u2013 August 25, 2011) - While better days may be on the horizon for the commercial bankruptcy market, it remains to be seen if recent trends will continue for the nation's more than 24 million small businesses. According to a national study conducted by Equifax Inc. (NYSE: EFX), small business bankruptcies declined by 15.32 percent from Q1 2010 to Q1 2011, with a noticeable drop in key Western states. However, total U.S. small business bankruptcies in the first quarter of this year are still 30.03 percent higher than reported in the pre-recession period of Q1 2008. Further analysis by Equifax reveals that while small business bankruptcy rates have decreased in many U.S. regions, the pace of decline could be slowing in key areas when analyzing trends from Q3 2010 to Q1 2011. To conduct this study, Equifax analyzed national bankruptcy trends by metropolitan statistical area (MSA) during Q1 2011 and compared these findings to previous timeframes. Equifax data shows that in Q1 2011 nine of the top 15 MSA's with the greatest number of small business bankruptcies experienced a year-over-year decline in business failures from Q1 2010. In fact, key MSA's in California and Oregon, which reported record-high small business bankruptcy numbers in Q2 2009, saw double-digit dips from Q1 2010 to the first quarter of this year. The Denver/Aurora, Colorado MSA reported the biggest drop, with a 26.16 percent decrease in bankruptcy petitions during this time period.\u00a0 While these findings represent a positive development for the small business market, the data must be viewed using a wider lens to assess broader trends. As the table below shows, small business bankruptcies are still at levels that far exceed those of pre-recession periods, especially for Western region MSA's. Despite some improvement in small business bankruptcy rates during Q1 2011, it appears that another trend has developed in select regions and may be overshadowing market gains in the commercial landscape. Equifax data shows that when comparing bankruptcy rates from Q3 2010 through Q1 2011, there has been a modest deceleration in the rate of decline for key MSA's reporting some of the highest small business bankruptcy rates in the country. While 60 percent of these MSA's continued to experience a decrease in small business bankruptcy petitions during both the Q3 2010 to Q4 2010 and Q4 2010 to Q1 2011 timeframes, three of these areas saw a significant drop in the rate of decline from Q4 2010 to the first quarter of this year. They include the Riverside/San Bernandino/Ontario, Santa Ana/Anaheim/Irvine and Oregon-Rest of State MSA's. Also signaling a potential shift in small business bankruptcy trends is the rise in petitions within four key MSA's: Sacramento/Arden/Arcade, California-Rest of State, New York/White Plains/Wayne, NY-NJ and Chicago/ Naperville/Joliet, IL. While bankruptcies in all of these areas have consistently declined since Q2 2009, Equifax data revealed that the number of petitions in each of these MSA's jumped from Q4 2010 to the first quarter of this year. The table below provides a closer look at these trends: "In light of today's shifting economic conditions, bankruptcy trends serve as a valuable prism through which to evaluate the credit health of today's small business market," said Dr. Reza Barazesh, senior vice president, Equifax Commercial Information Solutions. "Our latest analysis shows that while business failures may be on the decline, conflicting trends are still making us question if the worst is behind us. Only time will tell if these patterns are just a market aberration resulting from current economic turbulence or a sign of change to come." To gain a holistic picture of small business bankruptcy trends, Equifax also analyzed the 15 metro areas with the fewest filings in the first quarter of 2011.\u00a0 Equifax analysis revealed that 10 of these 15 MSA's saw a decline in bankruptcy petitions from Q4 2010 to Q1 2011 and the total number of bankruptcy filings for these 15 metro areas decreased by 43.09% in Q1 2011 year-over-year. As the table below shows, all of these MSA's reported 9 bankruptcies or less during Q1 2011. For this study, Equifax applied analytics to identify the total number of small businesses and define the MSA's within the sample population. Equifax classifies a small business as a commercial entity of less than 100 employees. As part of the study, Equifax analyzed Chapter 7, 11 and 13 filings. Chapter 7 is a liquidation proceeding in which a debtor receives a discharge of all debts, while Chapters 11 and Chapter 13 are reorganization bankruptcies that allow individuals and companies to pay off debt over a set period of years. About Equifax Equifax is a global leader in consumer and commercial information solutions, providing businesses of all sizes and consumers with information they can trust. We organize and assimilate data on more than 500 million consumers and 81 million businesses worldwide, and use advanced analytics and proprietary technology to create and deliver customized insights that enrich both the performance of businesses and the lives of consumers. Headquartered in Atlanta, Equifax operates in four continents and 15 countries, is a member of Standard & Poor's (S&P) 500\u00ae Index.\u00a0 Its common stock is traded on the New York Stock Exchange under the symbol EFX.