The dessert empire has struggled to pay back millions of dollars in debt according to The Daily Telegraph, with voluntary administrators appointed on July 22 to manage three of Zumbo’s businesses, which trade together as The Zumbo Group.
The debts owed are reportedly up to $10 million.
His eight patisseries will continue to trade as normal whilst they "assess the viability of the business".
Zumbo is yet to comment on the current state of his business, but has been active on social media.
This week he was Tweeting about the finale of MasterChef Australia, the show that made him a household.