Bangalow Bowling Club has gone into voluntary administration after it stopped trading last Friday.
The club owes creditors about $80,000 but administrator John Vouris says he is confident the club will be able to trade on.
Mr Vouris told ABC radio that the options for the club are to sell ‘surplus land’, which is understood to be the club’s netball courts, raise extra capital or amalgamate with another club.
He says the board ‘agonised over the decision’ to go into administration and ‘it was the last card in the deck’.
The first meeting of the club’s creditors will be on Wednesday 25 January.