Truro City today warded off winding up by the tax man with an 11th hour payment of their tax debts.
The Blue Square Bet South club faced going to the wall at London's High Court this morning.
However, when the case was called on Registrar Nicholls was told that just before 9.00 this morning – a mere two hours before the hearing - the tax debt had been "paid in full."
As a result the judge, at the request of counsel for Her Majesty's Revenue and Customs, adjourned the matter for two weeks until January 30 to check that the payment has been made and has gone through.
Provided it has gone through then the winding up proceedings will be dismissed at the January 30 hearing.
Club chairman Kevin Heaney said: "I have just left the High Court in London and can confirm that the outstanding six-figure sum has been paid in full to HM Revenue and Customs.
"So from now on it is business as usual, with team strengthening and our continued commitment to the Stadium for Cornwall project. We will now be seeking to have the League's transfer embargo lifted just as soon as possible so that we can start strengthening our squad again.
"We are immensely grateful to everyone who has stuck by the club and helped in all sorts of ways over the last few extremely difficult months. I will be at Bromley for our next match, this Saturday, and I very much look forward to seeing as many as possible of our fantastic away supporters there - followed, of course, by our next home match a week later against Staines Town. Now it's time for a fresh start - onwards and upwards, as they say."
When the club was last before the court in October last year a different Registrar granted it an adjournment until today to give it a chance to clear its debts.
Failure to clear the debt by today would almost certainly have led to the club being wound up.
This would effectively have handed over the club's affairs to an Official Receiver, whose job would then be to do his best to ensure that debts are paid off by selling any assets available and then bringing business to a close.