Scots personal insolvencies fall
The number of Scots becoming insolvent has fallen in the first three months of this year.
According to the Accountant in Bankruptcy (AiB), 4,262 people were declared insolvent between January and March - a drop of 7%.
However there was an 8% increase in the number of people declared bankrupt.
Meanwhile the number of companies going bust rose by 11% in the first quarter and increased by 4% compared with a year ago.
Insolvency is when an individual or firm has no means to repay debt, whereas a bankrupted person or firm has assets to sell in order to pay off the debt.