Schilling’s Game Company Heads To Bankruptcy Court
PROVIDENCE, R.I. (AP) _ Former Red Sox pitcher Curt Schilling’s
failed video game company heads to a federal bankruptcy court in
Delaware, as work begins to sort out what can be salvaged from a
company that says it owes more than $270 million.
The hearing for 38 Studios is scheduled for 2 p.m. Tuesday. His
spokeswoman says he will not attend the hearing.
The company was lured to Rhode Island from Massachusetts in 2010
after the state gave it a $75 million loan guarantee. It and its
Maryland-based affiliate, 38 Studios Baltimore, closed their doors
last month and filed for Chapter 7 bankruptcy protection.
Schilling has said the collapse of the company has probably cost
him his entire baseball fortune.
(Copyright 2012 by The Associated Press. All Rights Reserved.)