Curt Schilling's 38 Studios Files For Bankruptcy, Faces Federal InvestigationBarry Petchesky6/07/12 3:40pmFiled to: 38 StudiosCurt SchillingVideo GamesMlbRhode IslandBankruptcyNews35EditPromoteShare to KinjaToggle Conversation toolsGo to permalinkWe presume this is how 38 Studios' lawyers opened their conversation with Curt Schilling: "What do you want first? The bad news, or the worse news?"The bad: Schilling's video game company, after a public, monthlong death spiral, declared bankruptcy today. That's it, that's the end. All operations have ceased, all assets will be liquidated. No Project Copernicus.