But, let’s face it, the bar was pretty low.

Bankruptcies have fallen dramatically but overall personal insolvency figures have only fallen slightly, according to the Insolvency Service. It’s a start though. There were 34,743 individual insolvencies for Q2 2010 a decline from Q1’s 35,682 total and the first fall since Q4 2007.

Meanwhile, corporate insolvencies have also fallen compared to a year earlier. According to Insolvency Service figures there has been a 19.1% decrease. However there has also been a marked increase in CVAs – there were 232 CVAs in Q1 2010 compared with 204 in the previous quarter and 157 in the same period last year.

The improvements may only be temporary rays of light though; the outlook for the rest of the year is still pretty grim.

Check out the stats here.