Crystal Cathedral Creditor Forces Sale
The Crystal Cathedral’s creditors aren’t backing down. The creditors have made it clear that the megachurch property will be sold whether or not the Schuller family agrees, according to United Press International.
The California church was believing God for a $50 million fundraising miracle, but creditors filed a plan in federal bankruptcy court in Santa Ana, Calif., on Tuesday calling for the sale.
Creditors want at least $50 million, The Orange County Register reported. The plan would reportedly allow the Schullers to lease the 3,000-seat building from the buyer.
In related news, The Roman Catholic diocese of Orange County is now leading all bidders at $53.6 million and Chapman University has upped its offer to $50 million. The creditors will still allow Crystal Cathedral to choose the buyer, as long as the bid totals $50 million or more.
The next hearing is scheduled for Sept. 14.
