Barclay brothers avoid bankruptcy after deal with HSBC over £143m debt

Bank says it has withdrawn proceedings against former Telegraph owners Aidan and Howard Barclay at high courtThe former owners of the Telegraph have avoided bankruptcy after reaching a settlement with HSBC over more than £140m in overdue debts.At a high court hearing on Tuesday, Europe’s biggest bank said it had withdrawn proceedings against Aidan and Howard Barclay, whose family lost…

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