Update: Bond Buyer article says Rhode Island hopes to salvage company; also references federal criminal inquiry here.
Earlier: 38 Studios, the video-game company founded by former pro ballplayer Curt Schilling with $75 million of Rhode Island public funds, has filed for bankruptcy liquidation under Chapter 7 of the US bankruptcy code in Wilmington, Del., listing more than 200 creditors.
The move comes after state officials last month refused to give Schilling more millions. The company laid off its entire staff of about 300 people shortly afterward.
Creditors include a lot of individuals and business services (cafeteria operator Aramark, Blue Cross of Rhode Island and other employee-benefit companies, restaurants and locksmiths, art dealers, an investigation firm and a limo service, multiple state and federal tax offices, Microsoft, Sony Computer Entertainment and other tech vendors, Philadelphia law firm Fox Rothschild LLP, and dozens of individuals in the greater Providence and Baltimore areas, where 38 Studios had offices. Law firm Pachulski Stang Ziehl & Jones LLP is helping 38 president William C. Thomas manage the company in liquidation.