Yes. Fallen bodhisattvas have regular karma as well as karma for the gods.
Karma is negotiable, even for the fallen gods. Those who return to the path can be shown great mercy if their repentance is proved, tested, and confirmed through tremendous sincerity and actions.
For thirty years I sought God. But when I looked carefully I found that in reality God was the seeker and I the sought. -Bayazid al-Bastami