Industry self-governance offers a path back to membership after bankruptcy.

Evidence

After conclusion of bankruptcy proceedings, “[a] majority of the Board of Directors may reinstate any suspended member should they feel s/he has conducted her/himself as a bona fide debtor and has made provisions for the payment of one hundred percent (100%) of his/her debt.”’ 34 Formerly bankrupt members who comply with the club’s bankruptcy rules are sometimes readmitted under this provision. — Lisa Bernestein, Opting out of the Legal System, 105

Categorization

  • XREF: Connects to the reader’s framework of network closure systems — here the closed community offers redemption to compliant members, contrasting with state bankruptcy law’s automatic discharge.
  • SHARE: A specific detail for someone studying how private associations police and then reintegrate defaulting members — the 100% repayment requirement is unusually strict.