Jim Bakker presented a $100 million offer for the failing PTL ministry during a bankruptcy court session in which his wife, Tammy, sobbed when the judge ordered the sale of the Bakkers' former parsonage.

PTL trustee M.C. Benton, who said he has received four offers, one for $200 million, to buy the ministry, promised that the former television evangelist's proposal "will be considered along with everyone else" if he can back it up.

"We are ready to go forward with earnest negotiations," Bakker told reporters Tuesday outside U.S. Bankruptcy Court. But he refused to identify who provided him with the $100 million line of credit to buy PTL.