European Stars And Stripes (Newspaper) - June 14, 1987, Darmstadt, Hesse Sunday june 14, 1987 the stars and stripes Page 7 pal files for bankruptcy reorganization fort Mill . A the scan dal plagued pal ministry filed for reorganization under chapter 11 of the fed eral bankruptcy code Friday blaming the chaotic mismanagement of founder Jim Bakker for $72 million in debts. Pal is not ministry Law yer Norman Roy Grutman said at a new conference. Pal possesses assets vastly in excess of whatever liabilities it has at the present the court tiling listed liabilities of $72million owed to 1,400 creditors. Assets were listed at $ 179 million. The Rev. Jerry Falwell who took Over pal when Bakker stepped Down i March after admitting to an extramarital sexual encounter said he had opposed the filing until lawyers and accountants persuaded the Board about the hopelessness of attempting with Cash flow to stave off imminent lawsuits of $23 Mil lion in past due Beth Grutman and pal chief executive officer Jerry Nims lashed out at Bakker on Friday blaming him for the financial state of the ministry. Jim Bakker can say whatever Jim Bakker wants to say. He can come her and kiss the ground. He can kiss the Blarney Stone Grutman said in an apparent reference to Tammy Bakker kiss ing the ground this week on her return to South Carolina. But the reality. Is in the num-bers.," he said. And those numbers show that the deplorable situation which has brought us to this problem was created by Jim Bakker and his Grutman said the tiling was Noces Muny Faye Bakker Kiim Ike ground upon returning to her sooth Carolina Home. Stated by chaotic mismanagement of the preceding administration and Nims described pal records As Aero there were no internal checks and balances. There were no internal controls Nims said. We found major discrepancies in the Ledger in terms of what we had purchased and what showed up however he predicted that pal will emerge More stable More financially sound and a better place for the people who believe in Grutman said the petition tiled Friday afternoon to the Federal bankruptcy court in Columbia would protect pal from creditors lawsuits but it would not inhibit the ministry from filing suits. Grutman and Nims said that pal would sue o regain its assets if Nec Essary. Falwell has said he would prefer not to file suit against another minister including Bakker but Grutman said Falwell would not ignore his responsibility to the organization. This is truly a constructive step not a sign or admission of failure or of shame Grutman said about the bankruptcy filing predicting the ministry would be out of reorganization within 12months. The court and creditors will determine which of the ministry s assets will be kept and which will be sold. One of the largest debts is $14 million owned to Roe Messner a Kansas build ing contractor for projects at heritage Usa. No bids were taken for the construction jobs and pal records were so Irreg ular that the ministry could t reach a settlement with Messner Nims said. Pal which stands for people that love or Praise the lord faces Legal As Well As financial problems. The Justice department the internal Revenue serv ice and the postal service All have launched criminal investigations of pal Falwell has said. Meantime it is business As usual Falwell said Friday. The ministry continues. The threat of uncertainty of unknown things is now he said later Friday on can s Larry King show that the ministry would have to pay Cash for its operating expenses. No one in their right mind would loan us Boeing 737 now tops on the Best Selling plane list Seattle up the Boeing 737 Jet Friday became the Best Selling commercial Airliner of All time with orders for 20 More of the popular twin engine jets from two airlines and a leasing company. The Boeing co. Said a total of 1,842 of the 737s have now been ordered sur passing the previous world record of1,831 sales of the Boeing 727, which is no longer in production. The largest individual order Friday came from International lease finance corp., which said it wanted seven 737 300s and five of the longer fuselage 737-400s. The company also ordered three 747-300$, two 757-Joos and one extended Range 767-200. Boeing also received orders for two 737-300 jets and five 737-400 jets from air Europe while Dallas based South West airlines ordered an additional 737 300. Air Europe which is a subsidiary of England s International Leisure group also ordered five More 7s7 jets. The first Boeing 737, a 100-seat Jet. The Boeing 737 dimensions Wing Span 93 Leet length Overall 100 feet 2 inches length of fuselage 96 feet 11 inches height Overall 37 feet tailplane Span 36 feet wheelbase 37 feet 4 inches weights and loadings operating weight empty 61,050 ibs. Maximum payload 33,950 ibs. Passenger Load accommodations for 115 passenger Sand Luggage Cwm Flo Tribune tip hic source twi Al to wort i aircraft 1962-63 went to Germany s Lufthansa airlines in february 1968. By april of that year. United airlines began operating the slightly larger Model 737-200. Only recently did Boeing begin producing the More advanced 737-300 and 737-400models. The Success of the 737 is due in Large measure to the continual introduction of Cost effective new technology into the air plane enabling it to maintain its competitive leadership in the Short to medium Range Market said Mark Greg orc marketing director for Boeing s 737 program. Gregoire said new generation Model 737 s Are powered by cfm56-3 Jet engines which arc quieter and More fuel efficient than older engines. He said the newer jets also feature improved win design and greater use of weight saving materials. Over the years the Boeing 737 has been ordered by 135 different customers More than any other air plane Gre Goire said. Group Calls some Fords sudden accelerators Washington a an estimated 3.2 million Ford automobiles have joined the ranks of millions of other cars about which there is concern Over unexpected engine acceleration according to a private Auto safety group. The Center for Auto safety said Friday it had been informed by the National Highway traffic safety administration that the Agency would reopen an investigation into sudden acceleration involving the cars he cause of new evidence indicating some engine surging problems on some of the vehicles. Nitsa confirmed the new inquiry but a spokes Man said the probe was not being characterized As a sudden acceleration Case because the focus is limited to engine surging. Agency spokesman Ronald def orc said the new investigation of Ford cars is much narrower than the original sudden acceleration probe that was closed Las year after no defect trend was found. The inquiry covers certain 1983-1986 mid and full size Ford vehicles. The Center for Auto safety said there have been a Accel 86 Acci i lib Viniti Lui Nuriu Tjai birr Aasu Uitich us pc nearly 500 reports of Ford automobiles suddenly t crating when shifted out of Park resulting in 18 dents 107 injuries and six fatalities. The models under investigation All with fuel injected 3.8 and 5.0 liter engines and automatic trans missions Are the Ford Crown Victoria Ltd Mustang and thunderbird the Mercury grand Marquis Cou Gar Capri and Colony Park and the Lincoln town car Continental and the Mark in. Winston Leavell a spokesman for Ford motor co., said the automaker would have no immediate com ment on the investigation. He said Ford Only Friday had been made aware the Case was being reopened. In recent years sudden acceleration complaints have surfaced in relation to dozens of car models. Among the most widely publicized have been acceleration complaints from owners of Audi 5000s where the frequency of accidents has been unusually High according to the car s critics. Investigations into various types of unexpected acceleration complaints covering nearly 10 million cars Are under Way by Nitsa. The cars include 2.7 million various 1984 general motors corp. Models where complaints have been received of unexpected acceleration during Highway Speed driving and another 1.9 million pm a cars which have had reports of sudden acceleration Inci dents when shifted out of Park. Pm spokesman Bill Noack said no pattern has been found in either of the investigations to indicate a defect. Other cars with various alleged sudden acceleration problems under investigation by Nitsa Are the 1978-86 Audi 5000s 250,000 cars1983-85 Renault Alliance and encore models 310.000 cars1985-86 Dodge and Plymouth Colts 150.000 cars1982-84 Toyota Cressida 135,000 cars1980-85 Nissan 280 and 300zx models 130.000 car Sand 1986-87 Honda Accord Lxi models 57,000 cars. Engineers so far have failed to pinpoint the cause of the acceleration incidents which according to Center for Auto safety figures have resulted in More than 2,000 accidents at least 650 injuries and 23 fatalities among the car models under investigation. Manufacturers have argued that the incidents Are the result of Driver mistakes but critics including Clarence Ditlow director of the Center for Auto safety contend the blame rests in the automobiles. The common threat in All the sudden acceleration investigations is the increasing use of electronics and computers in the cars Ditlow said
