Crystal Cathedral Declared Bankruptcy: Mega Churches Are Hit Hard by Recession and Failing Economy

The recent news shocked everybody. But nobody was immune from the precarious conditions of the country. Faithful are not able to contribute to the works of the church. If they do, the collections are not enough to pay the debt and interests on huge loans.

Crystal Cathedral is one of the first megachurches to file for bankruptcy in this economy, but it is not the only one that is suffering due to lack of funds.

The church's budget woes have forced it to downsize its staff, cancel programming in certain markets, and even send home choir and orchestra members.