Albert Mohler: Bankruptcy in the Cathedral

It turns out that Robert Schuller offers the best analysis of this crisis with his own words. “No church has a money problem; churches only have idea problems.” The theological crisis in Garden Grove is far more significant than the financial crisis.
Friday, October 22, 2010

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.” the rest image by Aaron Logan