The winding up petition against Leyton Orient has been adjourned until June 12 after the club paid its debt to HMRC.
It was announced at the High Court this morning that Orient settled their HMRC bill over unpaid taxes, thought to be around £250,000, in full but that the club have four other creditors.
Orient also have additional debts to HMRC and the League Two club have been given 12 weeks to pay off all their outstanding debts.
Legal representatives for Orient owner Francesco Becchetti said in court that the Italian will inject £1million into the club within the next eight to ten weeks to pay any unpaid bills.
Becchetti did not attend the hearing at the High Court but Orient fans packed into the court room and others waited for news outside as the future of the club hung in the balance.
Orient owe around £35,000 to the London Borough of Waltham Forest Council in relation to the rental of Score Centre, a community centre opposite the Matchroom Stadium.
Orient also have an outstanding debt of £18,664 to Central Circle Event Management Ltd in relation to the supply of matchday stewards.
Orient also owe their club photographer £6,000.