USA Gymnastics files for bankruptcy after sex-abuse scandal
USA Gymnastics files for bankruptcy after sex-abuse scandal By WILL GRAVES, AP Sports Writer USA Gymnastics is turning to bankruptcy in an attempt to ensure its survival. The embattled organization filed a Chapter 11 bankruptcy petition on Wednesday in an effort to reach settlements in the dozens of sex-abuse lawsuits it faces and to avoid its potential demise at the hands of the U.S. Olympic Committee.