Crystal Cathedral Ministries says in a response that the $3.5 million settlement the Schullers demand would leave the ministry virtually no funds to continue its ministry. Meanwhile vendors are still owed $12.5 million.
Tag: Crystal Cathedral
The problem-plagued Crystal Cathedral has endorsed selling its sprawling campus to a university as part of a bankruptcy reorganization plan.
Under the plan, the church would be able to continue to use a number of buildings on the Garden Grove campus and possibly repurchase them at a later date.
>In the next month, about 400 creditors will vote on an exit strategy.
The Boulder, Colorado house where JonBenet Ramsey’s body was discovered 14 years ago is for sale again.
The house, purchased in 2004 by Crystal Cathedral founder Robert H. Schuller’s son-in-law, Tim Milner and daughter Carol Schuller Milner, has been listed at $2.3 million.
Bobby Schuller — the founder’s grandson — has established his own, more intimate church, seeking to evolve with the times.
Turns out positive thinking alone is not enough: 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.
Hundreds of creditors could be owed between $50 million and $100 million, according to documents filed in U.S. Bankruptcy Court in Santa Ana on Monday.
“They simply quit paying us,” said one vendor. “We’re all astounded by this.”
Church ushers said that a middle-aged man entered the church, saying he wanted to pray. The unidentified man walked up three steps to the altar area, knelt before a gold cross and put the gun to his head, said John Charles, director of public relations for the church.
Once one of the nation’s most popular televangelists, the Rev. Robert H. Schuller is watching his life’s work crumble.
The church is in financial turmoil: It plans to sell more than $65 million worth of its Orange County property to pay off debt.
The Rev. Robert A. Schuller, ousted in October as the preacher of the long-running Christian television program “Hour of Power,” has resigned as senior pastor at the Crystal Cathedral and plans to open his own ministry.
Church founder Robert H. Schuller removed his son as the sole preacher on the 39-year-old television show after the younger Schuller, three years into the job, refused to rotate his role with other pastors, the church said.