From hallandwilcox.com.au: Small Business Restructurings allow companies with less than $1 million in unsecured debts to restructure while maintaining control and continuing operations, with potential debt compromises of 75-80%.

However, SBRs lack flexibility for excluding certain creditors and have strict deadlines for acceptance, posing challenges for directors and potentially leading to liability issues.

The ATO typically supports SBRs, yet directors miss opportunities to improve business operations during the process.