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After Lance Armstrong stated in his interview with Oprah Winfrey that he lied about using performance enhancing drugs and techniques, some commentators suggested that he

After Lance Armstrong stated in his interview with Oprah Winfrey that he lied about using performance enhancing drugs and techniques, some commentators suggested that he might file for personal bankruptcy in order to avoid civil lawsuits.

Discuss what options he would have in Bankruptcy and what strategy you would suggest he pursues.

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