Truro City FC will hope to start next season in the Southern Premier League after reaching a Company Voluntary Arrangment with creditors.
In a statement released on Tuesday, club chairman Peter Masters said: "I am delighted to announce that the CVA has been officially approved this afternoon.
"We now go forward to the Conference AGM on Saturday and hopefully to the Southern Premier League next season.
"It’s good day for the city of Truro, and the county of Cornwall as a whole. I am sure all at Truro City Football Club would wish me to convey their thanks to all the creditors who have written of their debt incurred by the previous regime to make this day possible."
Truro City are also expected to shortly announce the appointment of a new management team following the departure of Lee Hodges at the end of last season.
Rumours circulating Treyew Road suggest current head of football development and former Falmouth Town boss, Steve Massey, may be in the frame, with ex-Newquay boss Glynn Hooper also said to be in the running.
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