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Crystal Cathedral Bankruptcy, which owes about $7.5 million to unsecured creditors, filed for Chapter 11 bankruptcy this morning, according to the Orange County Register.
Earlier this year, the megachurch founded by tv evangelist Robert H. Schuller slashed many programs and laid off 50 workforce to cut $4.9 million from its $20 million annual running budget. The Register reviews that Senior Pastor Sheila Schuller Coleman stated the bankruptcy filing was a necessity because of lawsuits.
A committee of creditors who were functioning using the church for that last six weeks declared an impasse, foreshadowing the bankruptcy. Church board member and Schuller's son-in-law, Jim Penner, stated Friday that the cathedral's intention would be to repay all vendors 100 percent.
Among the long-time vendors for that "Glory of Christmas" pageant still waiting to obtain compensated are Oliver, who supplied camels, horses and sheep for that pageant; wardrobe manager Juliet Noriega; dry cleaner Bruce Johnson, who cleaned the actors' costumes; props manager Sharon Crabtree, and Carin Galletta, whose community relations firm provided publicity for that pageant.
At very least two creditors, including equipment financing firm PNCEF LLC., have sought and obtained court-ordered writs of attachment.