Macclesfield Town have been been wound up in the High Court due to debts totalling more than £500,000.
Club owner Amar Alkadhi had asked for a further eight-week adjournment following the decision.
But judge Sebastian Prentis made a winding-up order during the hearing, which lasted less than an hour.
Prentis made the decision after being told £190,000 was owed in tax by the National League side.
To add, a solicitor for former manager John Askey was told he was owed £173,000.
Macclesfield were given a 12th adjournment by the High Court last week after claiming a takeover was at "an advanced stage".
Robert Benwell, who previously made a bid to take over Bury in December, was the potential buyer.
But with no evidence the debts could be paid, the court finally touch action this morning.
Macclesfield were due kick off their National League campaign against Bromley on 3 October.
The Silkmen were relegated from League Two last season after receiving a points deduction for failing to pay their players.
Former boss Sol Campbell left the club after being owed almost £200,000 in wages.
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Former England goalkeeper Tim Flowers was appointed manager back in August.
Macclesfield's demise comes after Bury also went under last season.
Clubs like Bolton almost followed, while Wigan is currently on the brink after administration.