HSBC launches bankruptcy proceedings against Barclay brothers over logistics collapse

Barclay brothers hit with HSBC bankruptcy petition

Lender’s High Court pursuit adds to ongoing collapse of former Telegraph owners’ business empire

HSBC starts bankruptcy petitions against Barclay brothers

The bank received about £1.1 million of its £143.5 million secured loan from its administration of Howard and Aidan Barclay’s Logistics Group

HSBC Bankruptcy Petitions Against Barclay Brothers Escalate Debt Battle

Like creditors closing in as the tide goes out, HSBC bankruptcy petitions against Barclay brothers Aidan and Howard mark a sharp new turn in the unravelling of one of Britain’s most storied business dynasties. HSBC has moved to recover more than £140 million, filing bankruptcy petitions in the High Court against Aidan Barclay, 69, and Howard Barclay, 66, just days before Christmas. The action stems from debts linked to the collapse of the family…

HSBC launches bankruptcy proceedings against Barclay brothers over logistics collapse

HSBC has initiated bankruptcy petitions against Aidan Barclay and Howard Barclay, marking a further escalation in the unravelling of the Barclay family’s business empire following the collapse of their logistics group. Court filings show the bank lodged the petitions in the High Court in December, after recovering only about £1.1 million of a £143.5 million secured loan from the administration of Logistics Group. The business, which owned parcel…