damien costas bankrupt
Damien Costas (left) and Nigel Farage. (Image: AAP/Richard Wainwright)

Australian Penthouse publisher Damien Costas will be bankrupted next month unless the pornographer repays personally secured debts amounting to more than $200,000.

On Wednesday, the Federal Circuit Court gave Costas a full calendar month (until March 20) to repay his debts before a bankruptcy petition filed in September 2018 by printers TMA Australia will be finalised.