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Ultra Petroleum's Chapter 11 plan approved following Canadian recognition

By Benjamin Clarke

16 March 2017

Ultra Petroleum's Chapter 11 plan approved following Canadian recognition Yukon iStock.com/Chilkoot

A Texas bankruptcy court has dismissed objections from a host of creditors and confirmed the Chapter 11 plan of Canada-incorporated oil and gas company Ultra Petroleum, one month after a Canadian court recognised the US proceedings as foreign main proceedings.