Tighter credit, rising prices now seen hitting small businesses
By John Tozzi - Businessweek

More businesses filed for bankruptcy in April 2008 than in any month since new bankruptcy laws took effect in 2005, according to a company that tracks federal court filings.

The numbers show a 49 percent increase in commercial bankruptcies over last year, with an average of 235 daily filings last month compared to 158 in April 2007, according to data compiled by Jupiter eSources, an Oklahoma City company that runs a database called Automated Access to Court Electronic Records. More than 5,000 firms filed for bankruptcy in April 2008, the most in any month since the new laws took effect in 2005.

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