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The Boston Globe

Business

Curt Schilling’s 38 Studios files for bankruptcy

The troubled video game company founded by retired Red Sox pitcher Curt Schilling, 38 Studios LLC, filed for Chapter 7 bankruptcy Thursday, leaving behind more than 1,000 unpaid creditors as government officials confirmed they launched criminal investigations this week into the company’s failure.

The Delaware court filing signals that Schilling, who set out to build an ambitious multiplayer ­online role-playing game, has given up his search for additional capital from Rhode Island or outside ­investors to revive the six-year-old company. Chapter 7 is the section of the bankruptcy code that companies use when they are liquidating assets.

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