38 Studios Files Chapter 7 Bankruptcy After $75 Million Rhode Island Loan Guarantee, Leaving Taxpayers with $38.6 Million Loss
On June 7, 2012, 38 Studios LLC—the video game development company founded by former baseball star Curt Schilling—files for Chapter 7 bankruptcy with $151 million in debt and just $22 million in assets, leaving Rhode Island taxpayers to absorb $38.6 million in losses from a $75 million state loan …
Curt Schilling
38 Studios LLC
Rhode Island Economic Development Corporation
Lincoln Chafee
Wells Fargo
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corporate-welfare
economic-development
bankruptcy
taxpayer-losses
rhode-island
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