Fraser Anning's short political career was built on a platform of nationalism and rhetoric about Australian values.

Key points: The bankruptcy hearing against Fraser Anning will begin tomorrow

The bankruptcy hearing against Fraser Anning will begin tomorrow It's understood the former senator is not currently in Australia

It's understood the former senator is not currently in Australia A Bendigo Bank subsidiary is chasing a $185,000 debt thought to relate to Mr Anning's investment in a failed agribusiness scheme

But now the former senator appears unlikely to return to his homeland to face court over bankruptcy proceedings brought by the Bendigo Bank.

The case is due to be heard in the Federal Court in Adelaide on Tuesday, but a source close to Mr Anning said he has not returned to Australia to attend the hearing.

Mr Anning, who is not required to attend the hearing, did not respond to emailed questions about whether he intends to fight the bank's efforts to put him into bankruptcy.

The ABC revealed in August that Mr Anning has been staying with family in the United States after losing his seat in May's federal election.

If Mr Anning does not appear in court Bendigo Bank will be able to proceed to the next stage of pushing him into bankruptcy so it can recover its debt.

Bendigo Bank's subsidiary, ABL Nominees, is chasing $185,000 that is understood to relate to Mr Anning's investment in a failed agribusiness scheme.

But even if the bank succeeds in pushing Mr Anning into bankruptcy, it is unclear what assets it will be able to sell to recoup its money.

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Property records show Mr Anning and his wife sold their waterfront Maroochydore apartment in 2017.

It is the second time the bank has brought bankruptcy proceedings against the controversial former senator.

Mr Anning reportedly settled the first case in October 2017, a month before he entered Parliament to replace a disqualified One Nation senator.

Section 44 of the constitution prohibits undischarged bankrupts from sitting in parliament.

He later defected from One Nation, first joining Katter's Australian Party before sitting as an independent.

Before May's federal election, he launched Fraser Anning's Conservative National Party, running dozens of candidates in seats around the country.

None of the candidates were elected and Mr Anning failed to win back his Queensland Senate seat.