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Churches are in bankruptcy.

Dec 28, 2008
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http://www.raisethehammer.org/images/thurlby_st_johns_02.jpg

Churches are in bankruptcy. Collections are down and many churches are feeling the pinch of the current Great Recession. It seems odd that a church would borrow too heavily. But, I have seen this happen before.

For some reason, ministers and church leaders have a tendency to want to build a legacy. I think this is foolish, because the legacy a church leaves is in the people not the building. Oh well, what do I know. I have been struggling with my faith journey for a lifetime.

EASTON, Md. -- The auctioneer told the small crowd huddled outside the Talbot County Courthouse that the property would be sold "as is" -- rectory, bell tower, oak pews and rose-tinted stained glass windows included.
"Who gives $700,000, 700, 700?" he called out. One man, a representative for a local bank, raised his finger. The auctioneer tried in vain to nudge the price up. "Sold!" he cried. St. Andrew Anglican Church had just been bought by the bank that had started foreclosure proceedings against it.