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Former Red Sox pitcher Curt Schilling’s failed video game company heads to a federal bankruptcy court in Delaware, as work begins to sort out what can be salvaged from a company that says it owes more than $270 million.

The hearing for 38 Studios is scheduled for 2 p.m. Tuesday. The company was lured to Rhode Island from Massachusetts in 2010 after the state gave it a $75 million loan guarantee. It and its Maryland-based affiliate, 38 Studios Baltimore, closed their doors last month and filed for Chapter 7 bankruptcy protection.

Schilling has said the collapse of the company has probably cost him his entire baseball fortune. It is unclear whether he'll attend the hearing.

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