Ukraine has implemented a "second chance" bankruptcy system as part of its efforts toward EU accession. This new legal framework is increasingly being utilized by ordinary citizens. Current data shows that individuals now drive nearly half of all bankruptcy cases in the country. The system aims to provide a pathway for debtors to reset their financial obligations. This shift marks a significant change in how insolvency is handled for the general public. Meanwhile, the approach contrasts sharply with recent legal changes in Russia. Russia is rewriting its own laws to allow the Kremlin to control bankruptcy outcomes.