Fewer people were declared insolvent in England and Wales in the first three months of the year, although experts predict a rise later in the year.
There were 30,162 personal insolvencies in the first quarter, down 1.7% on the previous three months and the fourth consecutive quarterly fall.
The Insolvency Service figures show the number was 15.5% down on the same period a year earlier.
However, there was a rise in the number of businesses going bust.
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