The recipients of collapsed electrical seller, Clive Peeters, have given assurance to customers that they will credit all deposits and gift certificates.

Consumers had been worried about not receiving undelivered merchandise that had been paid for by them, following the corporation was positioned in voluntary management on Wednesday.

However receivers, Phil Carter and Daniel Bryant, of PPB, stated that Clive Peeters would deal in its business as usual.

Mr. Carter stated that a number of parties were interested in buying the corporation and he was positive that it would be sold.

Mr. Carter said that all the workers were totally employed and all stores remain working.

It is understandable that the parent company's arrears are as high as $140 million following the National Australian Bank has called in receivers to take hold of the situation.

The panel of Clive Peeters made decision on Wednesday to go into charitable management, not knowing NAB also chose recipients, PPB, the similar day.

There was no information regarding the collapse on the firm's website yesterday. Consumer Action Law Centre Co- Chief Executive, Carolyn Bond called this careless.