DONEGAL DEVELOPER DECLARED BANKRUPT

first_imgA property developer behind massive developments in Donegal has been declared bankrupt.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. DONEGAL DEVELOPER DECLARED BANKRUPT was last modified: July 1st, 2011 by gregShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:ballymacoolco derryCo DonegalletterkennyMcWilliams homeslast_img read more