UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549


                                    FORM 8-K


                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


     Date of report (Date of earliest event reported):   JULY 17, 2007
                                                        ------------------------

                       INTERPLAY ENTERTAINMENT CORPORATION
- --------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in Its Charter)

                                    DELAWARE
- --------------------------------------------------------------------------------
                 (State or Other Jurisdiction of Incorporation)

         0-24363                                          33-0102707
- --------------------------------------------------------------------------------
(Commission File Number)                       (IRS Employer Identification No.)


            100 NORTH CRESCENT DRIVE, BEVERLY HILLS, CALIFORNIA 90210
- --------------------------------------------------------------------------------
               (Address of Principal Executive Offices) (Zip Code)

                                 (310) 432-1958
- --------------------------------------------------------------------------------
              (Registrant's Telephone Number, Including Area Code)

                                       N/A
- --------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)

     Check the  appropriate  box below if the Form 8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (SEE General Instruction A.2. below):

     |_| Written  communications  pursuant to Rule 425 under the  Securities Act
(17 CFR 230.425)

     |_| Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)

     |_|  Pre-commencement  communications  pursuant to Rule 14d-2(b)  under the
Exchange Act (17 CFR 240.14d-2(b))

     |_|  Pre-commencement  communications  pursuant to Rule 13e-4(c)  under the
Exchange Act (17 CFR 240.13e-4(c))





ITEM 8.01  OTHER EVENTS

A final order  dismissing  the  involuntary  bankruptcy  case filed  against the
Company  was  entered  by the United  States  Bankruptcy  Court for the  Central
District of California (Santa Ana Division) on July 17, 2007.


ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS

         (d)      Exhibits.

                  99.1     Final Order  Dismissing  the  involuntary  bankruptcy
                           case filed against the Company on July 17, 2007.


                                       2



                                   SIGNATURES


Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                                        INTERPLAY ENTERTAINMENT CORPORATION



Dated:  July 18, 2007                   By:     /S/HERVE CAEN
                                           -------------------------------------
                                            Herve Caen
                                            Chief Executive Officer and Interim
                                            Chief Financial Officer


                                        3