Southend have been given a further 35 days to pay a tax bill of almost £200,000.
The League One strugglers were in the High Court on Wednesday morning to face a winding-up order from HM Revenue and Customs over the disputed debt.
Chairman Ron Martin managed to win an adjournment and now has until April 14 to settle up. The troubled Shrimpers have been forced to use a loan from the PFA to help pay the players' wages for January, meaning they are now under a transfer embargo.
They slipped into the relegation zone following Saturday's 3-0 defeat by Hartlepool.
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