Crystal Cathedral Ministries, an Orange County landmark and megachurch founded by television evangelist Robert H. Schuller, filed for Chapter 11 bankruptcy Monday morning.They desperately need new management in there if they have any hopes of saving that church from destroying itself.
The cathedral owes about about $7.5 million to unsecured creditors. The bankruptcy filing seeks court protection from its creditors.
In a statement issued Monday, Senior Pastor Sheila Schuller Coleman said the bankruptcy filing was a necessity because a "small number of creditors chose to file lawsuits and obtained writ of attachment."
She said the cathedral also had no choice because a committee of creditors decided not to extend a moratorium to allow continued talks about a payment plan.
"For these reasons, the Ministry now finds it necessary to seek the protection of a Chapter 11," she said.
A friend of mine attended both morning services this past week (he was there to watch someone sing in the services) and told me that in both services there were far more empty seats than full ones. It didn't used to be that way. The internal battles are taking their toll.
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