Bakker Offers No Proof He Can Buy PTL
The PTL bankruptcy trustee said Jim Bakker offered no proof Thursday that he has the money to back his $172-million offer to buy the ministry’s assets.
M. C. (Red) Benton said he was meeting with other potential buyers.
Benton also asked U.S. Bankruptcy Judge Rufus Reynolds to extend from Saturday until Monday the deadline to present a buyer, since Saturday is a weekend day. He said he expects to get the extension.
“We had no further proof,” that Bakker has the funds, Benton said after meeting with Bakker and his lawyers at PTL’s executive offices. “They did not show us anything (any documents) today.”
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