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Schilling May Have to Auction Off Bloody Sock for Bankruptcy Case by Kevin Judd
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Schilling May Have to Auction Off Bloody Sock for Bankruptcy Case by KEVIN JUDD
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| Article Posted: 10/17/2012 |
| Article Views: 76 |
| Articles Written: 34 - MORE ARTICLES FROM THIS AUTHOR |
| Word Count: 197 |
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Schilling May Have to Auction Off Bloody Sock for Bankruptcy Case |
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Business,Law,Sports
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Former Major League Baseball All Star Curt Schilling may have to auction off the famous blood-stained sock he wore during the Boston Red Sox’s run to the 2004 World Series championship. According to the Chicago Sun Times, Schilling listed the sock as collateral to the Bank Rhode Island in a filing with the Massachusetts Secretary of State’s office. Schilling’s 38 Studios, a video game company based in Providence, filed for Chapter 7 bankruptcy in June. In May, the company laid off 400 employees, reportedly having $21.7 million in assets and $150.7 million in liabilities. Although Schilling did not personally file for bankruptcy, his assets are being used to secure the loans he personally guaranteed for 38 Studios. The Sun Times reported that Schilling also “listed a baseball hat believed to have been worn by New York Yankees great Lou Gehrig and his collection of World War II memorabilia”, as assets to be auctioned. Schilling told the Associated Press that he “invested as much as $50 million in 38 Studios and lost all his baseball earnings.” Kevin D. Judd Law Firm of Kevin D. Judd
Related Articles -
38 Studios, bankruptcy, boston red sox, Chapter 7, curt schilling, maryland bankruptcy attorney, washington dc bankruptcy attorney,
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