Memes

Pretty sure Trump has done it 4 or 5 times. Those were company bankruptcies by a nepo baby, though, so probably not the same rules as regular people 🤷

Given the effect it has on credit score, it will perhaps be more difficult to accumulate debt

it will be harder to take out large credit card, mortgage, or other loans. Probably not applicable to medical and whatnot.

In theory I think it makes sense: loans should be a privilege not a right, or something like that. But in reality, loans are essentially required for modern life, at least in the US. So the people who can least afford it end up with loans with ridiculous interest rates (even if the total loan amount is smaller than it would be pre-bankruptcy).

I am fortunate enough to be able to pay off my credit card every month, so the interest rate doesn't really matter. It's a great, but dystopian, example of positive feedback: those who can afford pay less (no interest), and those who can't afford pay more (interest).

Yes, there is NO limit on the number of bankruptcies you can file for. However, there are time limits between filling dates. Here's what a Forbes article mentions about it:

Just as there are different types of bankruptcy, there are different rules for how often you can file bankruptcy. The waiting period to file another bankruptcy case generally ranges from two to eight years, depending on the type of bankruptcy. In some situations, there may be no waiting period.

However, good luck getting creditors for years after filing for a bankruptcy. I imagine very few will trust you / loan you money, except for the most predatory (i.e. loan sharks). And if you did go with a predatory source, a future bankruptcy may not help you discharge the debt given predatory sources commonly operate outside of the law.