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The Government has released its latest official debt figures which show a surprising fall in the number of people who are struggling with debt problems.

The most recent figures from the Government's Insolvency Service have shown that the number of people formally struggling with their debt has fallen slightly compared to the last quarter and by 11% year on year.

A closer inspection of the personal debt figures shows that the number of people using the debt relief order solution continued to rise.

The number of people using the IVA debt solution stayed static year on year but there was a marked rise from last quarter with just over 13000 starting individual voluntary arrangements.

However the most startling figure was a drop in the number of people declaring themselves bankrupt. The numbers fell 31% year on year.