5/27/2009 A Missoula, Mont., bankruptcy judge approved a reorganization plan for Jim Palmer Trucking May 8, allowing the company to escape Chapter 11.

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They actually don't "escape" bankruptcy at this time. They've escaped paying a bulk of their unsecured creditors who now have to find another way to send their kids to college.

Palmer will be in bankruptcy for years, or until they go out of business totally. Their chances look horrible.