Bakker PTL Deadline Extended

Former PTL leader Jim Bakker received a two-day extension today on a deadline to produce a $3-million line of credit supporting his bid to regain control of the television ministry and religious theme park.

At a news conference this afternoon outside the Heritage USA park offices, bankruptcy court trustee M. C. (Red) Benton said he gave Bakker until Thursday to prove he has the money to regain the empire he lost in a sex-and-money scandal. Benton, who had set today as the deadline, said the reason for the delay was that attorneys were still working out final details of the contract for Bakker to buy PTL.