Actually, deleted files are still available until overwritten. Only the file header has changed.
Only if that data is on an HDD (mechanical hard drive) such as the physical drive that comes with a few versions of BIAB — but not the thumb drive.
This is not true if on an SSD (solid state drive). Once TRIM (Mac/Win OS) and/or Garbage Collection (SSD firmware) have prepared the cells for new data, the old data is gone, gone, gone unless there was a backup. Depending on many factors, this can happen within 10 minutes to 72 hours.
The most important thing is do not change anything on the drive (add new files, move files, defrag etc) until you have gone through your recovery process.
Good advice but again, only applies to an HDD.