- Joined
- Sep 3, 2004
- Messages
- 21,649
- Reaction score
- 25,267
GARDEN GROVE, Calif. Crystal Cathedral, the megachurch birthplace of the televangelist show "Hour of Power," filed for bankruptcy Monday in Southern California after struggling to emerge from debt that exceeds $43 million.
In addition to a $36 million mortgage, the Orange County-based church owes $7.5 million to several hundred vendors for services ranging from advertising to the use of live animals in Easter and Christmas services.
http://news.yahoo.com/s/ap/20101018/ap_on_re_us/us_crystal_cathedral_5
In addition to a $36 million mortgage, the Orange County-based church owes $7.5 million to several hundred vendors for services ranging from advertising to the use of live animals in Easter and Christmas services.
http://news.yahoo.com/s/ap/20101018/ap_on_re_us/us_crystal_cathedral_5