The Guardian Australia – Business
·business
·3 hours ago
Barclay brothers avoid bankruptcy after deal with HSBC over £143m debt
The Barclay brothers avoided bankruptcy after settling a £143 million debt with HSBC on Tuesday. The bank withdrew legal proceedings after Aidan and Howard Barclay agreed to an individual voluntary arrangement, ensuring repayment. A bankruptcy ruling would have allowed creditors to seize their assets and pose severe restrictions on their business dealings.
Summary by Glance · The Guardian Australia – Business
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