Bankrupt Mega Church Finds A Buyer.


Reader after, more than 2 year after filing for bankruptcy, the Richmond Christian Center is gaining a fresh shot at survival after seizing financial power from founding pastor Stephen A. Parson Sr. Parson has since become a controversial figure within the church and throughout its bankruptcy proceeding. He was exiled as a leader of the church as a condition of the bankruptcy plan, a condition FCR was adamant about. According to the agreed-upon terms of the plan, as long as FCR remains the holder of the loan to RCC, Parson cannot be involved in the church.



https://richmondbizsense.com/2017/11/13/bankrupt-manchester-church-finds-buyer-properties/

The pastor, who launched RCC in his living room more than 33 years ago, is no longer a member of the church’s ruling Board of Trustees and has been stripped of control of the church’s bank account." He has since fought to regain control, arguing that the church’s original articles of incorporation name him as lifetime pastor. He’s filed arguments in bankruptcy court to have his claims formally considered.

In a last-ditch effort at a bankruptcy court hearing last week, Parson argued he is still the rightful owner of RCC’s real estate. Judge Keith Phillips advised Parson to seek legal counsel on the matter. A hearing is set for Nov. 20 at 2 p.m. for Judge Phillips to approve the sale motion. "Pastor" Parson was one of the Black pastors who met with Donald Trump.

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