Small Business Restructuring (“SBR”) allows eligible businesses to restructure their debts in a streamlined process, whilst allowing the director(s) to remain in control of their business. The aim of a SBR is for the company to settle its debts with creditors and to maximise the chance of a return to profitable trading. Along with Simplified Creditors’ Voluntary Liquidation (“SCVL”), the SBR process was introduced on 1 January 2021.