What are the consequences when you file for bankruptcy?

Besides a bad credit score, does anything else happen to you? Are you still able to use your credit cards after that? My good friend just filed for bankruptcy yet insists that we should be buying more stuff for our apartment, spending more money on things. I know he will just get right back into debt again. Sometimes it makes me angry to think people like this just get everything wiped clean with no real penalty, to do it all over again. Just curious. thanks

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