The D-Day is June 10th as they face a court battle to ensure their survival. The Lancashire side owe £300,000 in unpaid national insurance and tax. The club have been hit by dwindling crowds and the dreaded credit crunch.
A club statement read: "We're confident that we will find a solution to clear the outstanding balance in full. While we have been back in the Football League, our average attendance has dropped from 2,260 in our first season three years ago to 1,415 for the season just gone."
"Despite the falling attendances and general economic downturn our request for dispensation from the Football League to postpone having to install an additional thousand seats was turned down requiring us to carry out over £60,000 of work on the ground.
"We also took a significant hit with the collapse of our main sponsor Fraser Eagle midway through last season, with well over £100,000 owing to the club.
"All this said, the club fully accepts the liability, we believe that it is morally right that the money should be paid and are not seeking to avoid paying the any part of the debt.
"With the end of the current season we now have the opportunity to restructure the finances of the club, particularly in terms of revising our playing budget."The club first resigned from the football league in 1962 before winning back promotion two seasons ago.