Future Legends entity files for Chapter 11 bankruptcy protection

Future Legends 5 LLC filed for Chapter II in Nevada Bankruptcy Court, citing $10.47 million in liabilities, most of which he notes are disputed amounts. The filing will effectively put a stop to efforts to collect debts owed by the LLC, and all ongoing court proceedings involving lawsuits for unpaid bills under the Future Legends 5 entity. Katofsky has five other LLCs that own portions of the complex.
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