The club appeared in the high court this morning to face a winding up petition.
The club are wrestling with a number of financial issues including not been able to pay wages.
Last week chairman Steve Dale confirmed in a statement that speculation about their financial woes were true and that some historical debts from the previous ownership had been identified.
Dale bought the club in December from Stewart Day and admitted that the issues they have unearthed were not picked up during the takeover process.
In the high court this morning it was revealed that the club owes HMRC more than £250,000 and have been given until 15th May to settle their debts.
The original winding up order was brought by former assistant manager Chris Brass but it has now been taken over by HMRC and Brass appears as a named party.
It's understood the club intend to pay off their debts using advanced season ticket sales and cash from the EFL.
Local MP James Frith has written to Mr Dale asking for assurances about the club's future. You can read his full letter below.