The Quinn Group and family owe more than a billion euros (￡ 3 billion) to the banks.
Last week, deal lost the family in a restructuring, role in the management of the group.
Mr. Quinn had made mistakes he said in a statement on Monday, but it should lead not to "life".
He said, he spent a year developing a business plan, which allows to pay back the Group its debt would have.
The money owed almost 3 billion euro (2 ￡. 68bn) Anglo Irish, which because it is nationalized, means that it is due to the Irish taxpayer is due to the so-called toxic Bank.
Last week, Anglo Irish Bank announced a restructuring deal, the family removed the Quinn of any control of the business empire that had created them.
In his first public statement, Mr Quinn said movement "most disturbing" had been his career.
Continue reading the most important storyIreland company needs and entrepreneurs more than ever at this time but may result in errors in the business not in a life sentence "end quote Sean Quinn he conceded that he had made fall millions in Irish Bank shares error", but he said no life imprisonment should lead to mistakes.
On Thursday, it was announced that Mr. Quinn would have no longer any role in the management of his company.
The Bank said that Kieran Wallace would control shares of KPMG's family of Quinn.
The businessman and his family owe Anglo Irish Bank 2 88bn euro (￡ 2. 52bn). Other lenders of the Quinn Group are almost record euro (€ 1 billion) guilty.
In a statement, Mr Quinn said that he and his colleagues have a in the past year proposal to "complete discharge of family obligations to the Irish taxpayer" would have allowed had spent.
He said that during this time he had heard in the Irish and UK with some of the most respected and experienced people.
Mr Quinn said "I am totally convinced that our proposal could reach the retention and increase the skilled jobs in the group".
The businessman blamed the banks for financial ruin of the company.
"Our mistake was an about depending on the Irish banking system and the many predictions for more sustainable growth of the Irish economy from some of the country place specialists of financial services," he said.
"Ireland need businesses and entrepreneurs more than ever at this time but error in the economy should result in no life imprisonment."
The Fermanagh man thanked customers and employees for their "big" contribution to the success of the company.
"There are no workers anywhere with the talent, dedication, loyalty and determination of the labour force of Quinn," he said.
"they have created and sustained qualified jobs in regions, where this was first seen not as possible."
Since announcing last week led some "inaccurate and false" coverage, Mr Quinn said the extensive media coverage.
A five-year restructuring plan agreed between the Anglo and the Quinn Group of lenders, to stabilize the company, which are described as "generally good and profitable".
Repayment of debtAnglo Irish Bank Chief Mike Aynsley said that the Bank a "huge" money of the Quinns, was due that they were unable to repay.
He said, the Bank had taken an approach the company protected and paved the way for the repayment of debts to the Irish taxpayer in the course of time maximizing.
The company also revealed that liberty mutual and Anglo Irish Bank was the preferred bidder for the company.
Liberty Mutual would providing knowledge management and insurance to the Quinn insurance.
Anglo Irish Bank retains a minority share holding in the new company but have no shops in the day-to-day management of the new company.
It is hoped that a deal will be completed within the next four to six weeks.
All 1.570 jobs in the Republic and in Northern Ireland will provide the joint venture. Cavan is the headquarters of the company.
In the framework of the plan which is Navan Office to close and the 100 people will shift to Blanchardstown or Cavan.
Are thirty workers in Manchester to the redundancy.
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