Walls Closing In On Church(Randy & Paula White)
 

A portion of the Article


Financial Walls Closing In On Church(Randy & Paula White)Monday, November 10, 2008 5:36 AM


TAMPA - The future of Without Walls International Church is in
question now that a credit union wants to foreclose on the
megaministry.

The church defaulted on a $1 million loan due in August, prompting
the California-based Evangelical Christian Credit Union to file
foreclosure proceedings Tuesday.

The filing also includes a $12 million loan made in December 2003,
when Without Walls was looking to expand its ministry headquartered
at 2511 N. Grady Ave. On Thursday, the credit union initiated a
similar foreclosure proceeding involving two additional loans for the
church's branch in Lakeland. The credit union declined to release
details of those loans.

Without Walls issued a statement Thursday that said it has done its
best to meet ministerial goals and financial obligations in the wake
of the economic downturn and adverse publicity.

"Since the lender knew we had a sales contract for the sale of
certain assets that would have covered our obligations to it, the
church was shocked to receive notice of foreclosure. "

Credit union spokesman Jac La Tour said the lender filed for
foreclosure after months of trying to negotiate a more affordable
loan agreement with the church.

An agreement was reached, La Tour said Thursday, but Randy White, the
senior pastor, never signed it.

The $1 million loan should have been paid off in August. When the
church failed to do that, the credit union immediately sought
repayment of the larger loan, due in January, according to the court
filing.

Touted in 2004 by Church Growth Today as the nation's second fastest-
growing Christian congregation, the ministry took in as much as $40
million a year. But it has faced many hurdles in the past couple
years. Among them: an ongoing U.S. Senate inquiry into its finances;
the divorce of cofounders Randy and Paula White; and a dramatic drop
in attendance.

For months, there have been signs of financial struggles at Without
Walls.

Church accountant Camillo Gargano wrote in the Aug. 28 letter that
the ministry was in "turmoil."

Management didn't seem bothered by the financial problems, and
used "bullying, excessive force and verbal abuse as a management
style," Gargano wrote.




http://www2. tbo.com/content/ 2008/nov/ 06/062254/ tampas-without- walls-
church-faces- foreclosure/ news-breaking/

Re: Walls Closing In On Church(Randy & Paula White
 

You know who the real victim in this is...



Paula.....:)

Re: Walls Closing In On Church(Randy & Paula White
 

:ursofunny

Re: Walls Closing In On Church(Randy & Paula White
 

Money cometh.:whistle

Re: Walls Closing In On Church(Randy & Paula White
 

The way she is flapping her gumms and arms on TBN.

You would think she could donate 1 million to Benny Hinn or Steve Munsey and the Lord would provide 100 fold.

They are thieves and should be put in jail.

My wish is that someone from the justice department of the US would investigate the entire bunch of thieves....

They are destroying the church....

Re: Walls Closing In On Church(Randy & Paula White
 

I agree with Neck on the damage these kind of people are doing to the church community. But I do think that the economic situation will begin to affect churches. People may not have as much money to give to the church or the ministries of the church.

Re: Walls Closing In On Church(Randy & Paula White
 

Most drones in these churches will go further in debt.

Because their pastor's teach that prosperity is evidence that the Lord is working his economy in their lives.

It sure is funny how when the church preaches prosperity so goes the world!

The church leaders fall into greed and so goes the world.

So goes the church, so goes the world..

I say the church is leading many into debt and anxiety....

You simply can't say of me that I am bitter...

Because the Lord has blessed me beyond measure...

He will not bless me because I give some popcorn kernal in faith that will pop into a bowl full of popcorn.

He gives to those who show they can administer and handle the increase.....

Re: Walls Closing In On Church(Randy & Paula White
 

I think this is a sad day.

Nothing boosts a Christian's faith like watching their church fold. :(

I pray the Lord helps this situation and deals with these folks in a different way.

Re: Walls Closing In On Church(Randy & Paula White
 

I wonder what the attendance is now

Does anyone know?

I heard it had dropped dramatically after the divorice announcement
but that was a few years ago - I'd like to know what it's like now

Re: Walls Closing In On Church(Randy & Paula White
 

I honestly don't delight in any ministry or minister folding or failing..........however, what has been sown is apparently being reaped.


True prosperity comes from faithfulness, honesty, a good work ethic and applying Gods principles......not from playing the "Christian Lottery" of sowing a "seed" and thinking that somewhere out of the blue a "miracle" is going to happen regardless of a person's mismanagement of what God has given them. I've seen too much damage come to those who follow this teaching.......with the exception of those who preach it. THEY are the ones who are prosperous.

It has always troubled me that those preach this heresy tell people that the way to prosperity is to give THEM their money. Hmmmmmm......I may have been born at night, but not LAST night! I know who "prospers" from that message. It doesn't take a great revelation to figure it out! :D