GARDEN GROVE, Calif. – Crystal Cathedral, the megachurch birthplace of the televangelist show "Hour of Power," filed for bankruptcy Monday in Southern California after struggling to emerge from debt that exceeds $43 million.
In addition to a $36 million mortgage, the Orange County-based church owes $7.5 million to several hundred vendors for services ranging from advertising to the use of live animals in Easter and Christmas services.
Now instead of just these taglines--"If you can dream it, you can do it!" "You can tap into the Power of God, anywhere and anytime!"--you can add "If you can bend over your banker, just do it!"