38 Studios files for bankruptcy

Former Boston Red Sox pitcher Curt Schilling’s troubled video gaming company has filed for bankruptcy.

The filing by Providence based 38 Studios which laid off it staff last month was made in U.S. Bankruptcy Court in Deleware.  the company is incorpaorted as a limited liability corporation.  Its sister operation in Baltimore also filed.

Even professionals like Curt Schilling find themselves in situations that they can’t manage.  They like milliions seek bankruptcy for the solution to their problem.  Circumstances arise that cause problems for companies even as large as 38 Studios.

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