Sean McWilliams’ firm, McWilliams Homes, owed Anglo Irish Bank almost £25m.
The business, which was based in Swatragh in Co Derry, had its biggest projects in County Donegal.
In 2005 McWilliams Homes secured approval for a 80m euro residential development of more than 550 houses at Ballymacool in Letterkenny.
Plans for the development included commercial units, a creche, health centre and upgrading of the Glenties to Letterkenny road.
McWilliams was also behind projects in Muff and Newtowncunningham.
Mr McWilliams had signed personal guarantees with Anglo Irish, hence today’s bankruptcy.Tags: