38 Studios Files For Bankruptcy

The story of Curt Schilling’s video game companies epic collapse is finally coming to a close. 38 Studios filed for liquidation of its assets under Chapter 7 of the US bankruptcy code today. According to the filling, 38 Studios in Rhode Island have a little over $21 million in total assets and owes its creditors around $150 million. While 38 Studios offices in Baltimore has assets of $335 thousand and owes more than $121 million.

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Adam Richardson

Adam is the founder and owner of lvl30 Publishing and the Editor-in-Chief of His responsibilities cover everything from making contacts to final approval on articles for the site. Formerly, before incorporating lvl30, he founded and ran the prior incarnation of POCG (Playing Out of Control Gaming) as well as worked as an editor at various sites including GameStats, Game Post, and Sega Post. When he’s not working on the site he runs the technical support department for a office equipment company. You can reach him at abrichardson at

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