Kettering Town have escaped going out of business in the High Court after their winding-up order was rescinded, avoiding the fate of Hinckley United, who went under just hours before.
Rushden & Diamonds Ltd, the shell company left over when the club of the same name was wound-up, had taken the Poppies to court over unpaid debts.
The winding-up petition has not been dismissed, and Kettering must pay off the agreed sum in 28 days.
Poppies chairman Ritchie Jeune told BBC local radio: "I'm very much relieved. As far as we're aware, there are no more skeletons in the closet."
"It'd be nice to focus on the on-field side now and get behind the team and hopefully progress up the leagues."
The club have dropped from the fitfth tier to the eighth of English football in the space of a year due to their financial troubles.