Bankrupt businessman Joseph Gutnick has denied taking steps to hide assets from his future creditors ahead of his bankruptcy last year.

The former rich lister has also taken another swipe at "fake news" about his bankruptcy and a dispute last year about the eviction of his brother from a home he once owned. 

Mr Gutnick told the Federal Court during the public examinations into his bankrupt estate that he refuted the allegations that were made by his brother Abraham Gutnick in a separate legal matter.

Last year, lawyers for Abraham Gutnick told the Supreme Court of Victoria there were "rumours within the family that Joseph Gutnick was trying to hide assets" as early as 2015. 

"I refute all of his absurd and ridiculous allegations," Mr Gutnick told the Federal Court on Wednesday.  

"If you are trying to extort assets that don't belong to you, you say these things," he said.

Lawyers for Abraham Gutnick made the allegations last year while trying to stop Abraham Gutnick and his family being evicted by the new owners of a property he had long rented from one of his brother's companies. 

The property was sold to newly formed company Balaclava Heights in 2015 and shortly after it sought to evict Abraham Gutnick.

The property sale came just after Joseph Gutnick lost a legal battle in Singapore on May 7, 2015, brought by the Indian Farmers Fertiliser Co-operative (IFFCO) that would end up costing him $54 million and sending him bankrupt.

Joseph Gutnick told the court on Wednesday that his brother remained at the property but he no longer pays the rent for his sibling.

"It is unfortunate that our family feuds have been splashed all over the newspapers and will be again," Mr Gutnick said.

The examinations continue.