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The Nation

The trustee of the bankrupt PTL ministry said he has quit his post because he expects to head the new ministry that will be created after the proposed sale of the scandal-plagued PTL. David Clark, who was named trustee in November, said in a telephone interview from his Virginia Beach, Va., home that he resigned because he did not want to preside over the liquidation and had to distance himself from the bankruptcy proceeding in order to head the revised ministry. Bankruptcy Judge Rufus Reynolds named M. C. (Red) Benton, former mayor of Winston-Salem, N.C., to replace Clark. Benton has served as PTL’s executive vice president for accounting and operational affairs since Feb. 1. PTL, more than $60 million in debt, filed for reorganization and protection from creditors in bankruptcy court in June, 1987, after founder Jim Bakker resigned in confessing to a sexual encounter with former church secretary Jessica Hahn.


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