"Hour of Power" Mega-Church Files for Bankruptcy

The mega-church that once brought its “Hour of Power” into the homes of millions is filing for bankruptcy.

Crystal Cathedral church filed for chapter eleven bankruptcy on Monday, October 18.

It’s facing over 43 million dollars in debt.

Church officials say the recession has affected charitable contributions.

At its height the famous “Hour of Power” telecast attracted over one million viewers in over a hundred countries.

Crystal Cathedral was started in the 19-50’s in a drive-theater attracting people with its sermons on the power of positive thinking.

Church officials say its telecast and Sunday services will continue throughout the bankruptcy proceedings.

Crystal Cathedral joins other mega churches feeling the financial pinch of the recession from reduced charitable offerings.

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