The Bulls have to meet a Saturday deadline to make payment to see if they retain their Conference position.
The decision was made at today's Conference Board meeting with the club having failed to meet a 5pm Thursday deadline to pay football creditors.
Chairman David Keyte attended the meeting with a representative of new owner Tommy Agombar, named in the Conference statement as Andrew Green and a Director of the club.
It is understood that the £148,000 demand for football creditors did not include any of Martin Foyle's outstanding claim after the competition took legal advice on it's status with the ongoing High Court petition.
It is also understood that HMRC have launched winding-up proceedings against the Bulls for their outstanding debt. A second outstanding winding-up petition appears on the club's Companies House record.