Lower interest rates appear to be reducing insolvency activity, according to the latest data from the Insolvency Trustee Service of Australia. Provisional statistics for the financial year ending June 30 show that total personal insolvency activity (36,506 cases) increased by just 0.05 per cent in 2009-10.New bankruptcies increased by 0.09 per cent during 2009-10 to 27,507 from 27,483 in 2008-09 and decreased by 2.29 per cent in the June 2010 quarter (6,842) compared to the June 2009 quarter (7,002).There was a 1.62 per cent decrease in the number of new part IX debt agreements (8,428) in 2009-10 and a decrease of 5.74 per cent in the June 2010 quarter (2,183) compared to the June 2009 quarter (2,316).The number of part X personal insolvency agreements went up 30.66 per cent in 2009-10 to 571, but fell 21.5 per cent in the June 2010 quarter to 84 compared to the June 2009 quarter (107).