The number of personal insolvencies were down 14.7% to 3,411 in the second quarter of the 2013-14 financial year, compared with the first quarter. That is 16.1% lower than the same period in the previous financial year, reinforcing a long-term decline since 2008-09.
Bankruptcies awarded and protected trust deeds registered both decreased, according to figures released by Accountant in Bankruptcy (AiB).
But corporate insolvencies jumped 45.7% from the previous quarter to 268, although this is down 2.2% on the same period in the last financial year.
There were 1,170 debt payment programmes approved under the Scottish Government's Debt Arrangement Scheme (DAS) which allows people struggling with debt to pay it back over a longer period.
The figure is down 2.5% on the previous quarter but up 5.4% on the same quarter of the previous year.
Energy, Enterprise and Tourism Minister Fergus Ewing welcomed the reduction in personal insolvencies.
"The Scottish Government and AiB have carried out a significant amount of work on policy and legislative reform this year with the aim of creating a financial health service for Scotland," he said.
"Following our recent efforts to raise awareness of the DAS scheme and its benefits, there has been an increase in individuals opting for the Debt Arrangement Scheme with £7.2 million having been repaid through DAS this quarter."