Megachurch Founder's $5M Claims Slashed In Bankruptcy Court

Law360, New York (November 27, 2012, 8:58 PM EST) -- A California bankruptcy judge on Monday slashed the Rev. Robert Schuller's $5 million in claims against his megachurch Crystal Cathedral Ministries to about $600,000, ruling that he was entitled to only one year's compensation under an employment agreement written when he stepped down as senior pastor in 2005.

U.S. Bankruptcy Judge Robert N. Kwan allowed Schuller one general unsecured claim of $615,624 after determining that a "transition agreement" between Schuller and the church was actually an employment agreement, not a retirement agreement, as it stipulated that...
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