A bankruptcy petition against Mr Bob Geldof, the former husband of Ms Paula Yates, was dismissed at the High Court in London yesterday when the case was settled "to the creditors' satisfaction".
The petition against Mr Geldof was brought by the Royal Liver Assurance Company in respect of non-payment of rent on a restaurant of which he was guarantor.
The hearing had been adjourned last month to allow negotiations between Mr Geldof and the Royal Liver to continue, but yesterday a spokesman for the court confirmed the case had been dismissed and resolved to the satisfaction of the creditors.
Mr Geldof did not attend the hearing yesterday and has refused to comment on the death of his former wife's partner, the rock singer Michael Hutchence. He has not made any formal statement since Hutchence was found hanging from the door of his hotel room in Australia at the weekend.
However, when pressed outside his home by reporters he said: "I do not talk about these things at all. I have not talked about them for three years and I do not think I'll start now, I do not think I ever will."
While thousands of INXS fans were expected to stand outside St Andrew's Cathedral in Sydney early today (Irish time) during Mr Hutchence's funeral, some of the best-known musicians in Britain and Ireland were to take part in the funeral service inside.
The U2 singer Bono was expected at the service, along with Tom Jones, Diana Ross and Michael Crawford, the British entertainer who appeared in Phantom of the Opera.
Former girlfriends of Mr Hutchence are also expected at the service, including singer and actress, Kylie Minogue, and the model, Helena Christensen.
Aside from one television network, all other media were banned from the funeral by Mr Hutchence's family.
Sydney's Channel Seven network televised the invitation-only funeral service live from the Anglican cathedral, with all other media banned at the request of the family.
"In view of recent criticism of media paparazzi and their alleged invasion of privacy, we are sure you will agree with the family of Michael Hutchence that their wish for a private funeral service be respected and upheld," said a statement from the entrepreneur who arranged the exclusive television rights of the service, Mr Harry M. Miller.
Mr Hutchence was to be cremated after the service.
Ms Yates (37) and her daughter with Mr Hutchence, 16-month-old Heavenly Hiraani Tiger Lily, have not been seen in public since their arrival in Sydney on Monday.
A Sydney coroner on Monday said a post-mortem on Mr Hutchence found he died from hanging, but said it was still not clear whether the hard-living singer had committed suicide.