USA Gymnastics, facing 100 lawsuits from victims of former team doctor Larry Nassar, filed bankruptcy on Wednesday. Nassar was sentenced to 125 years in prison earlier this year after he pleaded guilty to molesting 10 girls. The new chair of the USA Gymnastics Board of Directors, Kathryn Carson, said the organization owes it to survivors "to resolve, fully and finally, claims based on the horrific acts of the past and, through this process, seek to expedite resolution and help them move forward." The claims will be covered by insurance, but USA Gymnastics, which has lost several major sponsors, says it has "no other significant assets" to cover other expenses.

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