Page last updated at 18:43 GMT, Thursday, 10 June 2010 19:43 UK

Michael Taggart planning " to sue the banks"

Business Correspondent, Kevin Magee, reports on the aftermath of Taggart Holdings being put into administration.

The man, behind one of the biggest property companies that went bust in the economic downturn, is back in business, building houses, even though many of Taggart Holdings creditors still have not been paid.

Michael Taggart, whose firm owes £275 million, has spoken publicly for the first time since the company collapse.

He blames the banks for his company's downfall and says he is suing them over personal guarantees for which they are are chasing him.

Our Business Correspondent, Kevin Magee, met him at his home.

Business Correspondent, Kevin Magee, talks to Michael Taggart about the debts accrued by his construction company and its subsequent folding.

Print Sponsor

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Sign in

BBC navigation

Copyright © 2017 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific