In Ukraine, 1,293 personal bankruptcy cases were filed from January through September 2026, which is 37% more than during the same period in 2025. The highest number of such cases was recorded in Kyiv, Kyiv Oblast, and Lviv Oblast, according to data from the Supreme Court published on October 19 by “OpenDataBot,” a service that monitors state registries.
According to the study, the number of personal bankruptcy cases has been rising for the fourth consecutive year following a decline in 2022. In 2021, 496 cases were filed; in 2022, 374; in 2023, 576; in 2024, 927; and in 2025, 1,348.
Thus, in just the first nine months of 2026, the number of cases already exceeded the total for all of 2024 by 39.5% and accounted for nearly 96% of the total for all of 2025.
In total, 5,014 cases of individual insolvency have been recorded in Ukraine since the beginning of 2021.
The largest share of citizens who initiated bankruptcy proceedings in 2026 consists of people aged 25 to 45. This category accounts for 876 cases, or 67.7% of the total.
Another 304 cases, or 23.5%, involve individuals over 45 years of age, while 113 cases, or 8.7%, were filed by citizens under 25 years of age. The youngest applicant is 20 years old, and the oldest is 77.
In terms of gender distribution, 2026 marked the first time that women outnumbered men among the parties to such proceedings: 685 women versus 608 men. Women accounted for 53%, whereas in 2025, men accounted for 51%.
Regionally, the courts in Kyiv handled the largest number of insolvency cases involving individuals—228 proceedings. Compared to the first nine months of 2025, this number increased by 57.2% from 145 cases.
The Kyiv region ranked second with 130 proceedings, and the Lviv region ranked third with 109. These three regions account for 467 cases, or 36.1% of the national total.
In the Kyiv region, the number of cases rose by 85.7%, from 70 to 130, and in the Lviv region, by 43.4%, from 76 to 109.
Among the regions with a notable increase in the number of cases are also the Kirovohrad region, where the figure rose by 115%, from 20 to 43 cases; the Ternopil region—by 64.3%, from 28 to 46; and the Kharkiv region—by 59.4%, from 32 to 51.
At the same time, some regions saw a decrease in the number of cases. Specifically, in Vinnytsia Oblast, the figure fell by 18.2%, from 77 to 63 cases; in Odesa Oblast, by 5.9%, from 68 to 64; and in Mykolaiv Oblast, by 31.3%, from 16 to 11.
The increase in the number of insolvency cases may indicate both a rise in the debt burden on individual households and more active use by citizens of the debt settlement procedure provided for by law. At the same time, these statistics alone do not allow for determining the causes of bankruptcy for each applicant.
Individuals in Ukraine gained the ability to initiate bankruptcy proceedings in October 2019, following the entry into force of the Code of Ukraine on Bankruptcy Procedures.
Unlike corporate bankruptcy, insolvency proceedings against an individual can be initiated only upon the individual’s own petition. Creditors do not have the right to initiate such proceedings against an individual on their own.
However, the opening of proceedings does not automatically mean that the person is declared bankrupt or that all their debts are discharged. The court proceedings may involve debt restructuring, the satisfaction of creditors’ claims through the sale of assets, and subsequent discharge from certain obligations in cases provided for by law.
Certain types of debt, such as child support obligations, are not subject to discharge as a result of bankruptcy proceedings.
In addition, for five years after being declared bankrupt, the individual is required to disclose their status before entering into loan, credit, surety, or pledge agreements. Reopening an insolvency case during this period is also restricted by law.
You can check information about an individual’s bankruptcy through the “OpenDataBot” service using their tax ID number.
“OpenDataBot” is a Ukrainian service that monitors public registries, providing information on companies, entrepreneurs, court decisions, debt obligations, and other legally significant data. The service regularly publishes analytical reports based on government statistics and open data.
Source: “OpenDataBot”
Based on its performance in January–June of this year, the Kryvyi Rih Iron Ore Plant (KZRK) saw its net loss increase by 9.4% compared to the same period last year—to 1 billion 407.383 million UAH.
According to KZRK’s interim report, available to the agency “Interfax-Ukraine,” revenue from ordinary operations during this period fell to 336.132 million UAH from 1 billion 250.939 million UAH.
The uncovered loss as of the end of June 2026 amounted to 876.156 million UAH.
As previously reported, KZRK’s net loss in the first quarter increased 4.4-fold compared to the same period last year—to 378.948 million UAH from 85.925 million UAH. During this period, revenue from ordinary activities decreased to 135.457 million UAH from 705.526 million UAH.
From January through September 2025, KZRK increased its net loss by 3.2 times compared to the same period in 2024—to 1,487.217 million UAH; net income for this period decreased by 41.6%—to 1,601.822 million UAH.
The annual report for 2025 has not yet been published.
KZRK ended 2024 with a net loss of 2 billion 14.015 million UAH, whereas in 2023 it amounted to 63.411 million UAH. Net revenue in 2024 amounted to 3 billion 443.081 million UAH, compared to 5 billion 577.923 million UAH in 2023.
It was previously reported that on May 23, 2025, “Your Energy Supplier” LLC (Kyiv) filed a petition with the Commercial Court of Dnipropetrovsk Oblast to initiate bankruptcy proceedings against KZRK due to outstanding payments for electricity consumed. The Commercial Court of Dnipropetrovsk Oblast ruled to open bankruptcy proceedings against KZRK on June 9 of this year.
KZRK specializes in underground iron ore mining. It comprises four mines: “Pokrovska” (formerly “Zhovtneva”), the “Kryvyi Rih” mine (“Batkivshchyna”), “Kozatska” (formerly “Hvardiyiska”), and “Ternivska” (formerly the Ordzhonikidze Ore Administration, later the Lenin Ore Administration).
According to data from the National Securities and Stock Market Commission for the first quarter of 2026, the main shareholder of KZRK is Starmill Limited (Cyprus), which owns 99.8812% of its shares. Operational control of the combine was exercised by the “Privat” Group prior to the initiation of bankruptcy proceedings.
In May 2023, Ukraine imposed sanctions against dozens of foreign companies linked to Russian individuals that own significant assets in Ukraine, including KZRK. Some of these assets had already been seized, but the sanctions paved the way for their confiscation. The corresponding Presidential Decree No. 279 of May 12 was published on the President’s website. In particular, the list of legal entities includes Starmill Limited, which owns 99.89% of KZRK under the operational control of the Privat Group.
The company’s authorized capital is 1 billion 991.233 million UAH.
The Commercial Court of Lviv Oblast declared PJSC “Galicia” Oil Refining Complex (Drohobych Oil Refining Complex) bankrupt, with total creditor claims exceeding 18 billion UAH, and initiated liquidation proceedings, according to a court ruling dated June 25, 2026, published in the Unified State Register of Court Decisions.
“PJSC ‘Galychyna Oil Refining Complex’ is hereby declared bankrupt, and liquidation proceedings are hereby initiated. The term for conducting the liquidation proceedings is set at twelve months,” the document states.
The court hearing is scheduled for September 22, 2026, and will take place at the Commercial Court of Lviv Oblast.
According to the court ruling, control over NPK “Galychyna,” whose total debt exceeds 18 billion hryvnias, is transferred to a creditors’ committee comprising the state-owned companies JSC “Ukrnafta” and PJSC “UkrTatNafta.”
The court concluded that the complex’s financial and asset situation is critical, as its operations have been deeply unprofitable in recent years. Specifically, the company’s losses totaled nearly 7 billion hryvnias in 2024 and over 3.46 billion hryvnias in 2025, while the shortfall in assets to cover its debt amounts to more than 15.2 billion hryvnias.
The Drohobych-based NPK “Galychyna” is considered an asset of Ihor Kolomoyskyi and his business partners and has been under seizure since 2023.
BANKRUPTCY, LIQUIDATION, UKRNAFTA, НПК Галичина, УКРТАТНАФТА
Which companies go bankrupt most often in Ukraine?
780 companies began bankruptcy proceedings in 2025, according to data from the Supreme Court of Ukraine. This is about 10% of the total number of business closures. The turnover of the largest bankrupt companies ranges from UAH 3.4 to 7.7 billion. Most often, limited liability companies go bankrupt. Last year, companies engaged in wholesale trade and agriculture became insolvent. Kyiv leads in terms of the number of bankrupt businesses.
780 companies began bankruptcy proceedings in 2025. This is only 10% of the total number of business closures. Most companies in Ukraine go through the process of voluntary closure — this is 60% of cases. A total of 8,191 companies undergoing procedures related to the termination or change of business operations were recorded in Ukraine last year.
Most often, LLCs go bankrupt — 84% of cases in 2025.
Only in 48 cases do bankrupts try to stay afloat: to restore solvency and continue working through a reorganisation procedure. However, this is less than 1% of cases.
Currently, owners are increasingly opting for preventive restructuring: 8 cases in 6 companies were opened in 2025. These are cases where a business begins restructuring before it becomes insolvent, trying to avoid bankruptcy.
Most often, wholesale companies go bankrupt: 266 enterprises. In second place is agriculture: 71 companies. Next are real estate operations — 53 companies, construction — 48 companies, and retail trade — 38 companies.
Most bankruptcy proceedings against businesses are opened in Kyiv — 140 companies (18%). Almost as many are in the frontline Zaporizhzhia region — 138 companies (17.7%). Next are Kyiv region — 86 companies (11%), Dnipropetrovsk region — 85 (10.9%) and Odesa region — 53 companies (6.8%).
The top 10 companies against which bankruptcy proceedings have been initiated include enterprises that until recently had revenues ranging from 3.4 to 7.7 billion hryvnia. The largest case concerns DEGS HOLDING, which was engaged in gas trading and had revenues of over 7.7 billion hryvnia in 2024. Next are PRIDE SOLUTIONS UKRAINE with revenues of UAH 6.08 billion and OPT-SYSTEMS with UAH 5.46 billion.
On average, three people a day ask to be declared insolvent
The number of people deciding to declare themselves bankrupt is growing in Ukraine. According to the Supreme Court, more than 2,900 Ukrainians have become bankrupt in the last five years. 577 Ukrainians have already filed for bankruptcy in the first six months of 2025. In 52% of cases, it is men who are asking to be declared insolvent. The highest number of bankruptcies this year is in Kyiv, Kyiv Oblast, and Lviv Oblast.
577 Ukrainians went bankrupt in the first half of 2025 in Ukraine. Such cases increased by 33% compared to the same period in 2024. In general, the largest number of people went bankrupt last year: 926 cases, but this year risks catching up with these figures.
On average, three new bankruptcy cases are opened every day this year.
A total of 2,948 bankruptcy cases involving citizens have been opened in the last five years. Although the bankruptcy procedure was officially introduced in 2019, Ukrainians only began to actively use it in 2021.
Fifty-two percent of cases since 2021 involve men, and 48% involve women. The gender gap is not critical and remains almost the same every year. For example, in 2021, men dominated (57.9%), while in 2022 and 2025, women slightly outnumbered men.
The largest number of bankruptcy cases in 2025 were opened in Kyiv — 128. Kyiv region is in second place with 83 cases, followed by Lviv, where 73 applications were filed.
You can check whether a person is bankrupt in OpenDataBot — just enter their TIN and you will receive complete information in a matter of seconds.
“The current increase in the number of bankruptcy cases is part of a steady trend that has been going on for several years. The procedure is gradually becoming more predictable: judicial practice is being developed, participants in the process are gaining experience, and the mechanism itself is working more smoothly. At the same time, creditors — banks and financial institutions — are becoming more demanding in terms of debt write-off or restructuring conditions. It is important to understand that bankruptcy is not a panacea for easy and painless “debt write-offs.” The consequences of insolvency will affect a person for at least several years,” comments Denys Pavlovych Lykhopok, 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 to be addressed. In particular, these relate to the tax consequences of restructuring and debt write-offs, as well as interaction with enforcement proceedings and other related court cases, which often remain outside the scope of insolvency cases.
https://opendatabot.ua/analytics/bankrupts-2025-6
American Tupperware Brands Corp., known for its plastic food storage containers, has filed for bankruptcy.
“Over the past few years, the company’s financial position has been severely impacted by the challenging macroeconomic environment,” said Tupperware CEO Lori Ann Goldman.
The company’s shares have fallen by 75% since the beginning of 2024.
Tupperware initiated bankruptcy proceedings in accordance with Article 11 of the US Bankruptcy Code. The company needs court approval to continue operations and speed up the process of selling the business while protecting its brand.
Tupperware was founded in 1946 by chemist Earl Tupper, who developed airtight plastic containers to help American families preserve food and save on costs. The company’s products are distributed through direct sales by Tupperware consultants around the world. The so-called “Tupperware parties” – events for cooking together using the company’s products – have also gained popularity.
In recent years, however, Tupperware has been experiencing serious difficulties, facing a decline in demand for its core products, increased competition, and a lack of liquidity, the WSJ notes.
Recently, the Experts Club information and analytical center released a video on the history of defaults and a table of countries that may face the risk of default in the medium term.
Watch the video on the Experts Club YouTube channel for more details: https://youtu.be/gq7twYrWuqE?si=KneYUbl2rNOUIGTM
