AZUSA World Ministries Files for Chapter 11 Bankruptcy; Christian Non-Profit Works Throughout Valley and Africa
Alfred Craig Sr. and Beverly Craig of AZUSA World Ministries.
AZUSA World Ministries, a non-profit religious corporation with locations across the Valley and in Africa, filed yesterday for Chapter 11 bankruptcy.
Court paperwork shows the company owes between $1 million and $10 million to creditors, with the biggest debt being to Greenfield Warner, LLC, a commercial real estate company.
The company's Web site claims at least 35,000 members spread thoughout nine locations in Arizona, one in California and "over 70 in Africa." AZUSA failed to file a timely 2010 corporate report, so it's not in good standing with the Arizona Corporation Commission.
The ministry is owned by "visionaries" and Phoenix residents Alfred Craig, a former barber turned Christian entrepreneur, and his wife, Beverly Craig, who hosts a show on local KXXT-AM radio.
The Craigs did not return a message left today.
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