Crystal Cathedral Bankruptcy: Church Approved for Sale, Members’ Last Effort to Save ItBy Jena Isle on Sep 22, 2011 in Announcement, Economy, United States •
Image Credit: en.wikipedia.org
The Crystal Cathedral in Garden Grove, California has been forced to file for bankruptcy protection last October because of the potential lawsuits from its vendors. It is now in the process of being sold, US news sites reported, September 21, 2011.
According to reports, the bankruptcy judge has approved the sale of the Crystal Cathedral in order to pay off its creditors, but church members are racing against time to raise money to save it. The Crystal Cathedral with its website slogan of “Saving lives through a message of hope,” has an internationally televised “Hour of Power.”
The church also provides Sunday worship services and fellowships like “Come & Belong,” spiritual growth opportunities like “Come & Grow,” and other worthwhile services for it members. Church members abide by the Crystal Cathedral Vision Statement:
“To be inspired and motivated through possibility thinking to grow in a loving relationship with Jesus Christ to be the persons God dreams, desires, and designed us to be.”
According to Los Angeles Times, Sheila Schuller Coleman, the Senior Pastor of Crystal Cathedral said that “the decline in revenue was due to recession.”
Its members have consequently “made progress” in their bid to save the church before its scheduled deadline come November, reports say. The Crystal Cathedral’s “help save the cathedral,” movement is up in its own website.
Additional news said that interested buyers of the Crystal Cathedral include the Roman Catholic Diocese of Orange, for $53.6 M, and Chapman University in Orange, for $50 M.
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