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Debt Management

Debt management strategies and payoff planning

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11 min read

New Zealand Tax-Debt Credit Reporting: What an Overdue GST, PAYE, or Income-Tax Balance Means for Your Business

Inland Revenue can report significant unpaid business tax to a credit reporting agency — GST, PAYE, or income-tax debt over NZ$150,000 that is 90+ days overdue, or debt unpaid for more than 12 months equal to at least 30% of assessable income. Here is how the 30-day Notice of Intent works from 1 April 2026, and the myIR review and reconciliation controls that keep a balance off your credit file.

Mike Thrift

tax-compliancetaxsmall-business
12 min read

Carnival FY2026 Q2 Earnings: The $9.0B Liability That Makes the Demand Story

Carnival's FY2026 Q2 revenue rose 5.3% to $6.66B while operating income fell 8.9% — fuel cost per metric ton jumped 29% to $793 and net income slipped to $539M. Customer deposits reached $9.0B, cash-backed proof of booked demand that is still a refundable liability sitting against $23.4B of long-term debt. Every figure traced line by line in a public Beancount ledger covering FY2021 through Q2 FY2026.

Mike Thrift

financial-reportingfinancial-analysisopen-ledger
14 min read

Small Business Bankruptcies Hit a Decade High: Why Subchapter V Filings Jumped 67% and What the $7.5 Million Debt Limit Fight Means for You

Business bankruptcies hit 24,737 filings in the year through December 2025 and Subchapter V cases jumped about 67% year-over-year in January 2026. This guide explains why filings are rising, how Subchapter V differs from traditional Chapter 11, what the $7.5 million versus $3 million debt limit fight means for eligibility, and the five-number dashboard that surfaces trouble months before a filing.

Mike Thrift

small-businessbankingfinancial-management
9 min read

The $875 Billion Maturity Wall: A Small Business Guide to Refinancing Commercial Real Estate in 2026

Roughly $875 billion in commercial real estate loans mature in 2026 — about 17% of all outstanding commercial mortgage debt — with rates 150-250 basis points above origination. A practical guide for owner-occupiers and tenants, covering the financing gap, DSCR targets of 1.20x-1.35x, SBA 504/7(a) options, and a nine-month refinancing timeline.

Mike Thrift

real-estatesmall-businessbusiness-loans
7 min read

Asset Coverage Ratio: The Solvency Number Lenders Check Before You Ever See a Term Sheet

The asset coverage ratio measures whether tangible assets could repay total debt in a liquidation — [(total assets − intangibles) − (current liabilities − short-term debt)] ÷ total debt. Below 1.0 is a red flag, 2.0 is a common healthy benchmark, and lenders often write a minimum ACR into loan covenants that can trigger technical default.

Mike Thrift

financial-ratiosbusiness-loanssmall-business
7 min read

Panacea Financial and the Rise of Physician Banking: What Doctor-Focused Lending Teaches Anyone With Unusual Income

84% of medical student borrowers owe $100,000+ and residents earn $60,000–$70,000 while their debt suggests far more — a gap Panacea Financial, a physician-founded division of Primis Bank, underwrites around with no-cosigner PRN loans, refinancing, and practice financing. What niche banking gains, what it gives up, and why the 2026 Grad PLUS elimination changes the math.

Mike Thrift

bankinghealthcareloans
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