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Joe Swash was declared bankrupt yesterday at London's High Court.
The Official Receiver has taken control of the I'm A Celebrity winner's assets due to a 'tax issue'.
Joe, 27, who is currently in Australia, insists there has been a mix-up.
‘He has not been around to sort this out,' agent Becca Barr tells The Sun. ‘The bankruptcy should never have gone through.
‘He's not in financial difficulty - he's fine. There was a tax issue which will be resolved imminently. Everyone has to pay tax and Joe knows he is no exception.'
He has been dating former EastEnders co-star Kara Tointon, 26, since last summer.
SEE PICTURES Kara Tointon strips off to model Michelle For George>>
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