Lifetime Memberships May Not Be for Life if Bankruptcy Intervenes
With 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.
November 24, 2020 at 09:58 AM
4 minute read
Christina Paradowski, Charles M. Tatelbaum, and Brittany L. Hynes of Tripp Scott.
With 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.
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