Saw on the news today that the Crystal Cathedral filed for chapter 11 bankruptcy protection in the US Court system. Turns out the church owes 7.5 million to unsecured creditors. Now, I'm not an expert on how chapter 11 works but I did get a chance to look at some of the outstanding bills on the Orange County newspaper's website.... Promotional and TV companies for their Christmas pageant are owed millions... The prop master is owed $10,000; the dry cleaner $11,500; the the livestock supplier $56,000 (if you'll pardon the pun, that's a lot of bull!).
Tell me if I'm off base here but if you can't pay for your Christmas pageant (televised and super-sized though it may be), you may want to scale it back it bit!!! There's a budgeting lesson in there for the upcoming holiday season, me thinks.
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