Macclesfield Town have been wound up after a judge was told the football club owe more than £500,000.
Judge Sebastian Prentis made a winding up order at a virtual hearing in the specialist Insolvency and Companies Court on Wednesday.
He was told the club owe nearly £190,000 in tax and more than £170,000 to two other creditors.
Lawyers representing HM Revenue and Customs had applied for a winding up order.
The judge said he could see nothing which gave him "any comfort" that the club can pay the debts.
He was overseeing the latest in a series of hearings.
Macclesfield have recently been relegated from the fourth tier of league football into non-league football.
They were relegated after being docked points for breaches of regulations relating to non-payment of wages and dropping to the bottom of League Two.