National

Oct 18, 2010 6:57 PM by Greg Boyce

Crystal Cathedral files for bankruptcy

GARDEN GROVE, Calif. (AP) - Crystal Cathedral has filed for bankruptcy in Southern California after months of trying to overcome mounting debt.

The megachurch, 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 the Rev. 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.

»Comments

»Topics in this article

More News

National
Story Photo

1 hour ago

Baby Monitors Recalled

Concerns about overheating and rupturing batteries have forced the recall of a dozen different type of baby monitors. The Consumer Product Safety...

Weather - Forecast
Story Photo

1 hour ago

Warm Till Saturday

Temperatures start to climb again for Friday and Saturday where many locations will be in the 70s. However, by Saturday, the clouds...

Most Popular

Top Videos

1 2 3 4