How often can you file for bankruptcy?

The law does not establish the number and frequency of filing for bankruptcy.

Bankruptcy - recognized by the commercial court, the debtor's inability to restore his solvency by means of the rehabilitation and restructuring procedure and to repay the monetary claims of creditors established in accordance with the procedure determined by the Code of Ukraine on bankruptcy procedures, otherwise than through the application of the liquidation procedure. The commercial court, in a court session with the participation of the parties, adopts a resolution declaring the debtor bankrupt and opens the liquidation procedure. The court determines the term during which the liquidator is obliged to liquidate the debtor, which cannot exceed 12 months.

Therefore, at the end of the bankruptcy procedure, the legal entity is liquidated, with the exception of the rehabilitation procedure, which is understood as the system of measures carried out during the bankruptcy proceedings in order to prevent the debtor from being recognized as bankrupt and its liquidation.