He said that simplifying the company's debt structure will be one of the first financial goals after reorganization.
The debt structure now was such that there was no way that 700,000 people could pay it back over 30 years.
The simple fact of military take-over does not change the basic debt structure of a planet.
"I can't think of an organization that has been saddled with this kind of debt structure," Thomas said.
Kuwait's weak disclosure rules mean that outsiders can't get a clear view of the total debt structure.
With the nation's precarious debt structure, a recession now could cumulate into the worst of the postwar period.
Furthermore, an improvement in the debt structure can be observed to the effect that the terms are gradually, if slowly, being extended.
Subsequently, oil's abrupt fall compounded the damage by devastating that flimsy debt structure.
But over time, countries in difficulty economic situations have needed to restructure their debt structure, or see its national economy collapse.
The combination of these activities greatly enhances the overall debt structure of America.