Truro City FC was on a legal knife edge today as winding up proceedings against the Blue Square Bet South side were put on hold at London's High Court yet again.
This time they were adjourned for two more weeks, after the court heard that the club is preparing an imminent application to go into administration.
Lawyers for Her Majesty's Revenue and Customs had sought to persuade Registrar Barber to make the "usual compulsory order" winding up the club over unpaid tax debts. They said that their petition was supported by two other creditors who claim to be owed £40,000 and £645,000.
However, when the case was called on lawyers for the club, told the Registrar that, as at 10.15am this morning, it was unclear whether an administration application had already been made, or was just about to be.
The court heard that the administration application may go before a judge tomorrow.
As a result, the Registrar adjourned the winding up petition for 14 days until 17 September. If an administration order is made, then the winding up petition will then be dismissed.
On 25 June, lawyers for Her Majesty's Revenue and Customs applied to have their winding-up petition - brought against the club over an initial tax debt believed to be in the region of £51,000 - withdrawn after the club paid up.
But, three lawyers representing four other companies then applied to be "substituted" as petitioners in the case, claiming total debts of more than £700,000.
Registrar Derrett then ordered that the company claiming the largest debt - Tiger Commercial (Truro) Ltd, which claims it is owed £645,000 - could take over the petition.
The case returned to court in July, when HMRC successfully sought to be reinstated as petitioning creditor, claiming a fresh tax debt of just under £15,000.
The club's lawyers were unable to comment following the hearing today.
The club announced on Friday it was filing for administration. This followed news on August 24 that Kevin Heaney was stepping down as chairman of the club. On the same day Mr Heaney was declared bankrupt at Truro County Court.