Legal firm Stewarts Law LLP filed the petition in February over unpaid bills, after it represented the club in previous court disputes.
Blues chairman Ron Martin asked for the petition to be adjourned to allow its sale to a consortium to be completed, which would allow the money to be paid.
During a two-minute hearing, the case was adjourned until 15 May.
Barristers representing Stewarts and two of the club’s creditors told Insolvency and Companies Court Judge Catherine Burton that they agreed to the adjournment.
Australian businessman Justin Rees, who leads the consortium purchasing Southend United, was also at the hearing.
Judge Burton granted a validation order permitting the club to carry on trading during an earlier Monday hearing.
She stated that although funds were available, the club’s bank account had been frozen following the filing of the case, making it unable to pay creditors.
She stated that the club “must continue to trade” and that it was anticipated the transaction would be “concluded during the course of May”.
The first team of the club plays in the National League, which is the fifth division of men’s football in England.
The team, known as the Shrimpers, was demoted from the English Football League in 2021 for the first time in 101 years. HM Revenue and Customs (HMRC) has filed several winding-up cases against the team due to unpaid taxes in the past.
After agreeing to sell the club to the consortium and paying off a £275,000 debt, it avoided being wound up in the High Court in October of last year.
Mr. Martin, the departing chairman, stated he hopes to have sold the club by mid-May in an interview with the BBC earlier this month.
He expressed regret for the “tough time” Blues supporters had gone through during the more than a year of unpredictability.
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