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Crystal Cathedral looks to donations to emerge from bankruptcy

Aug 2, 2011 1:04:05 AM- latimes.com
The church's board no longer wants to sell the Garden Grove campus to pay off more than $50 million in debt, and will instead seek a 'faith-generated' solution. Creditors push forward with their own exit plan.

The bankrupt Crystal Cathedral will continue to rely on a faith-based approach to emerging from Chapter 11 while the creditors committee works on a separate exit plan for the church, lawyers said in court Monday.

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