Big Pictures, the paparazzi firm owned by Darryn Lyons, has entered administration.
The company, which for 21 years has provided photographs of famous faces as they go about their daily lives, owes more than £82,000 to photographers and picture agencies.
The British company has since filed for creditors’ voluntary liquidation.
Lyons is believed to have returned to his home town of Geelong in Australia, where he is reportedly planning to stand as mayor.
During the Leveson inquiry, Lyons claimed the company would handle up to 3,500 photographs a day from 152 freelance or paparazzi photographers.