38 Studios declares bankruptcy

Curt Schilling's 38 Studios files for bankruptcy.

This morning, Curt Schilling's 38 Studios filed for bankruptcy after a long struggle that included missed payments and a complete layoff of all employees.

Rhode Island police told the Providence Journal that they would be joined by the attorney general's office, the U.S. Attorney's office and the FBI in launching a formal investigation into Schilling's video game company.

In a statement to the Journal, 38 Studios said, "This action comes after several weeks when the company has reviewed, considered and received the recommendations and advice with respect to potential avenues for relief that are currently available. After ongoing negotiations with the State of Rhode Island and potential investors and other interested parties, the Company has been unable to find a solution to the current stalemate."

Get caught up on Polygon's coverage of 38 studios here.

More from Polygon

Hearthstone - Plague Quarter gameplay video

  • A guided video tour of an Unreal Tournament map

  • Freedom Planet gameplay video

  • Adventure Time trailer

  • Hearthstone: Naxxramas Overview

Latest Discussions

Log In Sign Up

Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.



Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.