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Schilling's Business Facing the Heat by Kevin Judd
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Schilling's Business Facing the Heat |
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Advice,Business,Law
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Former World Series Champion and All Star pitcher Curt Schilling has gotten into a business venture that is proving costly. This month, 38 Studios, the video game company Schilling owns, filed for Chapter 7 bankruptcy. The company plans on liquidating assets less than two years after the company received a $75 million loan guarantee from the state of Rhode Island to move its headquarters to the state and create jobs. In May, the studio laid off most of its 400 employees, reportedly having $21.7 million in assets and $150.7 million in liabilities. The bankruptcy shows that financial struggles can happen to anyone. Any person who has unsecured debt may be facing the same difficult decisions as far as bankruptcy. Chapter 7 bankruptcy allows you to discharge unsecured debts, which often go unpaid when financial issues arise. An experienced attorney will tell you if you’re allowed exemptions for your home, your car, personal property and retirement assets.
Related Articles -
38 Studios, bankruptcy, boston red sox, Chapter 7 bankruptcy, curt schilling, washington dc bankruptcy attorney,
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