PROVIDENCE, R.I. (AP) — The game is over for Former Boston Red Sox pitcher Curt Schilling’s video gaming company.

38 Studios, lured to Rhode Island with a $75 million state loan guarantee two years ago, filed for bankruptcy protection on Thursday, clearing the way for liquidation. And federal authorities said they have begun an investigation into the Providence-based company, though they didn’t say why.

The filing by 38 Studios, which laid off its staff last month, was made in U.S. Bankruptcy Court in Delaware, where the company is incorporated as a limited liability corporation. Its sister operation in Baltimore also filed for bankruptcy.

The Rhode Island company owes $150.7 million and listed its assets at $21.7 million, according to court filings. 38 Studios Baltimore owes more than $121.4 million and has assets of more than $335,000, the filings show.

In both filings, the company lists its biggest liability as $115.9 million in debt from bonds backed by the state, interest on the bonds and fees to Rhode Island.

Schilling, who also pitched for Baltimore, Houston, Philadelphia and Arizona and won the World Series three times, owns 83 percent of the company, according to the filings.