577 people were officially declared bankrupt in 2025

577 Ukrainians went bankrupt in the first half of 2025 — a 33% increase compared to the same period in 2024. Overall, the highest number of bankruptcies was recorded last year: 926 cases, although the current year is on track to match these figures.

On average this year, three new bankruptcy cases are opened every day.

In total, 2,948 personal bankruptcy cases have been initiated in Ukraine over the past five years. Although the bankruptcy procedure officially became available in 2019, Ukrainians only began actively using it from 2021 onward.

Since 2021, 52% of cases have involved men and 48% women. This gender gap has remained relatively small and consistent from year to year. For example, in 2021 men accounted for 57.9% of cases, while in 2022 and 2025 women slightly outnumbered men.

The largest number of bankruptcy cases in 2025 were opened in Kyiv — 90. Odesa region ranks second with 47 cases, followed by Kyiv region, where 46 applications were filed.

You can check if a person is bankrupt on Opendatabot — just enter their Tax Identification Number (TIN) and receive complete information within seconds.

«The current increase in bankruptcy cases is part of a steady trend that has been ongoing for several years. The procedure is gradually becoming more predictable: judicial practice is developing, participants gain experience, and the mechanism itself works more smoothly. At the same time, creditors — banks and financial institutions — are becoming more demanding regarding the conditions for debt write-offs or restructuring. It’s important to understand that bankruptcy is not a panacea for easy and painless ‘debt forgiveness.’ The consequences of being declared insolvent will affect a person for at least several years»,

— comments Denys Pavlovych Lykhopyok, lawyer, arbitration manager, member of the Qualification Commission of arbitration managers, and bankruptcy specialist.

According to him, there are still gaps in the procedure that need regulation. In particular, this concerns the tax consequences after debt restructuring and write-offs, as well as interaction with enforcement proceedings and other related court cases that often remain outside the scope of insolvency cases.