Debt agreements may soon overtake bankruptcy as the most common form of personal insolvency.According to the latest Australian Financial Security Authority figures, 7590 Australians entered personal insolvency during the September quarter - a 1.1 per cent increase over the September quarter last year.Bankruptcies fell 3.5 per cent in the quarter, debt agreements increased 7.3 per cent and personal insolvency agreements increased 18.3 per cent.Forty-four per cent of insolvencies were debt agreements, which was the highest proportion of debt agreements in the overall figures since debt agreements commenced in 1997.The number of debt agreements entered into during the quarter, at 3307, was the second highest number on record.The September quarter data continues the trend of rising insolvencies reported in AFSA's data for the year to June, when personal insolvency activity rose 4.4 per cent over the 12 months.It was the first annual increase since the 2009/10 financial year.In the September quarter insolvency activity rose in the Northern Territory, where it was up 38.7 per cent, Western Australia (up 29.3 per cent), the Australian Capital Territory (up 12.5 per cent), Tasmania (up 5.3 per cent) and Queensland (up 2.7 per cent).Activity was down in Victoria, where it fell 7.8 per cent, New South Wales (down 4.7 per cent) and South Australia (down one per cent).