The Ātman does exist eternally. He assumes different forms in conformity with his past deeds. He might get caught in the mire of the "Aṣṭa-Pāṣas" (eight bondages). But if he practices the ordained tasks he would certainly get into the virtuous path. If he leads the Ātman in the right direction, keeping the senses under control, he would be divested of the Aṣṭa-Pāṣas and would attain his Original (spiritual) Form. This is the birth-right of all beings.
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