# State of Distressed Debt: Judge Kaplan on Bankruptcy Mediation, Venue

Page: https://stenobird.com/podcast/ficc-focus-4513680/state-of-distressed-debt-judge-kaplan-on-bankruptcy-mediation-venue
Text version: https://stenobird.com/podcast/ficc-focus-4513680/state-of-distressed-debt-judge-kaplan-on-bankruptcy-mediation-venue.md
Podcast: [FICC Focus](https://stenobird.com/podcast/ficc-focus-4513680)
Published: 2026-05-25T10:57:00+00:00
Episode link: https://traffic.megaphone.fm/BLM4891145482.mp3
Audio file: https://traffic.megaphone.fm/BLM4891145482.mp3
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Duration seconds: 1689

## Resource

“I’ve been shocked by the attention the issue as far as my mediating cases that are before me has gotten because in my view it’s just a label,” US Bankruptcy Judge Michael Kaplan said, addressing the scrutiny surrounding his role as a mediator in cases pending before him. Bankruptcy judges “have always brought parties into chambers in an effort to settle matters when it’s consensual.” In a conversation with Bloomberg Intelligence’s Negisa Balluku at the Beard Group’s Distressed Investing Media Night on May 19, Judge Kaplan framed bankruptcy judges as trial-level problem solvers, discussed his Multi-Color venue opinion, and raised concerns about the speed and cost of Chapter 11, as well as the weakening effect that liability management exercises can have on future debtors.

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