# Former Telegraph owners Aidan and Howard Barclay have narrowly avoided bankruptcy after reaching a settlement with HSBC over more than £140m in overdue debts.

*fintech · news · 2026-04-28 · The Telegraph*

## Key points

- Aidan and Howard Barclay reached an Individual Voluntary Arrangement with HSBC to avoid bankruptcy.
- The bankruptcy petition was withdrawn, avoiding a ban on directorships and disclosure obligations for the brothers.
- HSBC recovered only £1.1m of £143.5m owed after the collapse of The Logistics Group.
- The details of the IVA are undisclosed, but it includes the Barclays covering HSBC's legal costs.
- The family still faces creditor pressure, including a £19m debt attempt by Deutsche Bank.

**Companies:** HSBC, The Telegraph, The Logistics Group, Yodel
**Countries:** United Kingdom, Germany

[Read the full story on The Telegraph](https://www.telegraph.co.uk/business/2026/04/28/barclay-brothers-narrowly-avoid-bankruptcy-in-deal-with-hsb/)

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