Upper Hunter MP Michael Johnsen says reports he is facing bankruptcy are completely false.
Fairfax Media reports this morning he allegedly owes more than $300,000 to the family of Chris Walker, a former business partner who died in 2011.
The mortgage broking practice was sold in 2015 and the Walker family has reportedly been pursuing Michael Johnsen for their 40 per cent stake, threatening in April to take the matter to the Federal Court.
Michael Johnsen said in a statement to Radio Hunter Valley the information in the article is based on "incorrect information" and "without breaking a confidentiality clause a figure has been agreed to by all parties and will be finalised in a matter of days".
"I am disappointed that that this was not resolved earlier. My business partner was my friend and just like his family I was devastated when he passed away."
"Unfortunately the sale of businesses can be complicated, and many matters led to a reduction in the final realisation price that made the final settlement number reduce significantly."
The report this morning comes just days before The National Party hold their pre selection for the Upper Hunter seat. Michael Johnsen faces one challenger in James Burns this weekend.
"It’s about people not politics,"
"It’s not about releasing some old document that causes pain to a grieving family to get a few votes,"
"It is not about destroying towns, families and lives in the Upper Hunter by closing all the mines and power stations to tick some agreement made overseas,"
"This is about looking at the damage it brings to normal everyday people like you and me."
"The Walkers, who were about to close a chapter in their lives only to have the wound opened for the benefit of others."
"We need to put the people first and to hell with the politics."
Image credit: Grant Broadcasters/Jessica Rouse