November 24, 2020 | Daily Business Review
Lifetime Memberships May Not Be for Life if Bankruptcy IntervenesWith the proliferation of bankruptcy proceedings for country clubs, golf clubs, health clubs, many "members" who were enticed into what appeared to be attractive packages for so-called lifetime memberships may be sorely dismayed when they learn that an intervening bankruptcy proceeding may wipe out their so-called lifetime membership benefits.
By Charles Tatelbaum, Christina Paradowski and Brittany Hynes
4 minute read
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