BUSINESSES are being warned to look out for the danger signs as more people opt for bankruptcy to get out of debt.

"Any company that trades with individuals rather than companies needs to be aware of the ever growing risks," said David McCann, commercial litigation partner with Bury legal practice Woodcock and Sons.

He said: "Many individuals now see personal insolvency as a way out of their financial problems. The result to businesses that trade with these people is slim-to-nil chance of recovering their money."