The club has confirmed that both the playing and office staff have not received their salary pay for November.
Related company, Home Park Properties, formed in January, has also been presented with a winding-up petition.
The club recorded a £2.8m loss for the 2008/09 financial year and were previously issued with a winding-up order for unpaid tax by HM Revenue & Customs last season.
On the pitch, Argyle sit 17th in League One, just three points above the relegation zone, and just 4,960 fans watched them beat Dagenham & Redbridge 2-1 in their last game, their lowest gate of the season.
Source: BBC Sport
Source: BBC Sport