Franklin High Yield Tax-Free Income Fund v. City of Stockton (In Re City of Stockton)
United States Bankruptcy Appellate Panel for the Ninth Circuit
1Opinion of the Court
OPINION
DUNN, Bankruptcy Judge:
Franklin High Yield Tax-Free Income Fund and Franklin California High Yield Municipal Fund (collectively, “Franklin”) appeal the bankruptcy court’s order (“Confirmation Order”) confirming the City of Stockton, California’s (“City”) first amended plan of adjustment (“Plan”) in chapter 9. 1 We DISMISS, as equitably moot, Franklin’s appeal of the Confirmation Order generally and otherwise AFFIRM the Confirmation Order’s treatment of Frank lin’s general unsecured claim under the Plan.
I. FACTUAL BACKGROUND 2
A. Events prior to bankruptcy
The financial problems that…
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