I agree with you that judge does his job, i was only opposing some comments here, saying the judge is "on our side"
by the way, The attorneys offered the cap, afaik, do you have contradicting information?
For the judge, he is doing his job, but it is somehow cynical how it works out. Basically he implies in his question, "as long as the secured creditors are secure, I will allow you to gamble with the remaining money, i don't care..."