# HSBC filed bankruptcy petitions against Aidan, 70, and Howard, 66, in December.

*business · news · 2026-05-01 · The Sunday Times*

## Key points

- HSBC and the Barclay brothers reached an IVA agreement, allowing them to avoid bankruptcy proceedings.
- Barclay brothers' personal assets include a £70 million Swiss home and a £55 million London residence.
- HSBC was frustrated after proceeds from Howard Barclay's property sale went to other creditors instead.
- Barclay family relinquished control of The Very Group to Carlyle in November 2024.
- HSBC has recovered only £1.2 million of a £143.5 million secured loan from Logistics Group's administration.

**Companies:** HSBC, Carlyle, Hillgate Estate Agents, International Media Investments, Logistics Group, Teneo, Jacky Perrenot Group, The Very Group
**Countries:** United Kingdom, United States, United Arab Emirates, France, Germany

[Read the full story on The Sunday Times](https://www.thetimes.com/business/companies-markets/article/inside-barclay-brothers-finances-bankruptcy-deal-x6tg2zg9s)

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