Former Victorian Liberal leader John Pesutto failed to raise the money he needs to meet a $2.3 million debt due Friday to fellow MP Moira Deeming, likely triggering bankruptcy proceedings against him as early as Friday or Monday.
A party source close to Mr Pesutto said he had only secured about one third of the money needed to pay Ms Deeming’s legal costs.
What to do about the debt will now shift to the Victorian Liberal Party, which is expected to schedule a meeting of its administrative committee to discuss whether it should help cover the bill.
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