Celebrate/Legends LLC Files for Bankruptcy

Celebrate/Legends LLC, which is controlled by Vegas executive John Stuart, has filed for Chapter 7 bankruptcy protection. The company's business Legends Ranch Estates reportedly had plans to be 30 half-acre lots for custom homes in an equestrian community. However, the economic recession has affected the progress. Liabilities have reportedly been listed at $8.98 million while assets are at $2.5 million. 

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