Blue Square North side Farsley Celtic have avoided a winding-up order by HM Revenue and Customs over unpaid taxes.
Celtic had faced a High Court hearing on Wednesday, 1 July but were put into administration the evening before.
The club's board decided to enter administration last week but feared they would not have time before the court hearing started.
By entering administration the winding-up order is effectively frozen, allowing Celtic to continue trading.
The West Yorkshire outfit got into financial trouble after selling a portion of their Throstle Nest ground but, as a result of the recession, have not been paid in full.
Celtic claim they are now waiting to be paid more money than they owe to the government.
Club president John Palmer told BBC Radio Leeds: "Twelve months ago, Leeds City Council sounded the death knell on a planning application which, if granted, not only would have realised a significant amount of money to discharge the club's debts but left sufficient to develop the ground.
Paul Grayson has had discussions with HMRC and Paul Truswell MP has done what he can, but the Revenue are reluctant to allow us time to pay
Farsley Celtic president John Palmer
"As a result, the club were forced to sell a portion of the ground, the sum for which would only be fully realised once planning consent had been granted and houses built.
"The economic downturn has had the effect of slowing down this process.
"I have worked tirelessly to try and raise sufficient money to avoid the process, but the economic climate means that investors are tightening their belts.
"It is profoundly sad, because we sit on over six acres of land, we have a sports hall and I believe, that with a bit of work, a club that the people of west Leeds would come out and support.
"Paul Grayson has had a number of discussions with HMRC, and Paul Truswell MP has done what he can but unfortunately, the Revenue are reluctant to allow us time to pay.
"That is their prerogative, and it has perhaps not helped that in the past our payment record has not been the best."
Farsley were promoted to the Blue Square Premier in 2007, but were relegated the following year.
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