Dr. Al Mohler reflects on the bankruptcy of the Crystal Cathedral:
The news that the Crystal Cathedral had filed for bankruptcy protection made for an instant sensation. The church established by Robert Schuller, the very prophet of “Possibility Thinking,” was now forced to seek protection from its creditors, listing $55 million in debt, including a $36 million mortgage.
The Los Angeles Times ran “Cracked Crystal” as a headline. The New York Times reported that the “landmark megachurch” would continue, even as it sought protection from its impatient creditors. From coast to coast, the news traveled fast.
A statement posted on the church’s website dated October 18 was titled, “A New Chapter for the Crystal Cathedral.” It began by stating that recent financial reports “indicate the best cash flow the Ministry has experienced in 10 years.” But, after describing efforts to forestall action by its creditors, the statement read:
The rest here.
