Dvora Meyers did some research:
… Since September 2016, when the Indianapolis Star reported that former team doctor Larry Nassar had sexually abused gymnasts under the guise of care, USA Gymnastics has been defending itself against hundreds of civil claims. The organization recently sued its seven insurers for failing to pay their defense costs in the ongoing litigation.
In short, members of USA Gymnastics have every reason to be worried about the future. ….
The grassroots of gymnastics are worried, too—not just about the future of the nation’s most powerful gymnastics organization but about how that organization’s rocky future might complicate and imperil the smaller organizations that will produce the next generation of gymnasts. …
USAG told Dvora:
“USA Gymnastics has taken no steps toward filing for bankruptcy and has no intention to do so. Any rumors to the contrary are false.”