By: Chris Kramer
November 09, 2010
Strasburg, Virginia pastor James L. Ahlemann and his wife recently filed for Chapter 7 bankruptcy protection, listing assets of $283,325 and debts of $4.7 million.
According to NVDaily.com, Ahlemann claimed that he attempted to save a local Christian television network and ended up borrowing a large quantity of money to do so, leading his attorney and financial advisors to advise that he file for bankruptcy.
"My wife and I have lost everything that we have, and we have borrowed money from individuals believing that we could somehow turn this television network around, but we haven't been able to do so," Ahlemann explained.
Ahlemann reportedly owes tens of thousands of dollars in credit card debt, and owes more than $2 million to various private individuals.
The news source reports that in a 2006 interview, Ahlemann claimed he was enjoying financial success. He said he was paid a six-figure salary in his position as the pastor of First Church of the Nazarene in Pasadena, California, and that he would travel to other churches for $5,000.