business / news / / The Sunday Times
HSBC filed bankruptcy petitions against Aidan, 70, and Howard, 66, in December.
HSBC and the Barclay brothers reached an IVA agreement, allowing them to avoid bankruptcy proceedings.
KEY POINTS
- 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.
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