The financial failings and eventual bankruptcy of Curt Schilling's game company, 38 Studios, is "the most devastating thing" the former baseball pitcher has ever experienced, according to a recent profile from The Boston Globe.
The studio declared bankruptcy in 2012, just before it laid off its entire staff. It would eventually default on a loan to the state of Rhode Island and leave behind debt totaling more than $100 million. Schilling said that it's still something he's "trying to bounce back from."
"It was so hard, because I had pushed and pushed and pushed," Schilling said. "I had 300 families [of company employees] I had to take care of, including my own, and it failed. And I've lost a lot in my life but I've never failed at anything. I was going to [win] but I couldn't get it done."
Schilling added that Rhode Island Governor Lincoln Chafee did "absolutely nothing" to help stop the studio's downfall.
"We had a local investor who was going to pony up the money — he wanted us to do some things — and Chafee just waited us out," says Schilling.
Last month, Chafee decided to honor 38 Studio's bond repayments; Rhode Island's 2014 budget currently includes plans to tackle the debt. For more on 38 Studio's financial troubles and subsequent backlash, check out our StoryStream.
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