And investing in bankrupt companies will become even more hazardous than it was before.
The law gives bankrupt companies immediate protection against all claims.
Years later, Thomas has grown into a man that handles bankrupt companies.
He added that the change would expand the advisers available to a bankrupt company.
It is common for bankrupt companies to ask the court to extend that period.
It is also, at this point in time, a bankrupt company.
"New Orleans is a little like a bankrupt company," he said.
It's just that in the game he plays of trying to turn bankrupt companies into money, pain comes with the territory.
The bankrupt company had made, but not paid for, a spring 1985 collection.
They said, 'How can you put up more than half a billion dollars in a bankrupt company?