Crystal Cathedral Mega-Church Files For Bankruptcy
GARDEN GROVE (AP) — Crystal Cathedral has filed for bankruptcy in Southern California after months of trying to overcome mounting debt.
KNX 1070’s Ron Kilgore Reports
The mega-church, birthplace of the “Hour of Power” televangelist broadcast, announced its filing Monday as it deals with a $55 million debt.
The Orange County-based church, founded in the mid-1950s by Robert H. Schuller, earlier this year ordered major layoffs. It also cut the number of stations airing the “Hour of Power” and sold property to stay afloat.
In addition, the 10,000-member church canceled this year’s “Glory of Easter” pageant, which attracts thousands of visitors and is a regional holiday staple.
© Copyright 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.