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

Michael Taggart planning " to sue the banks"

Taggart

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.

Taggart

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



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