"They are not giving their money to themselves, they are giving our money to themselves."
Another way to look at this is that there is "bad money" and "good money". The bad is what was invested in C/S to date. The good is the new money that will be injected into the process via the BK process. It's possible the judge thinks in these terms, and that he already wrote off the "bad money" and is concentrating on the "good money" alone.
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