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Needing the support of those owed at least 75% of the unsecured debt, Pompey's proposed Company Voluntary Agreement (CVA) got 81.3% of the vote.
BBC: Portsmouth creditors vote in favour of deal over debts
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The 20-point deduction came as a punishment to the club failing to agree a Company Voluntary Agreement with creditors after applying to come out of administration.
BBC: Owen devastated by Luton plight
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Last week, Oddbins said that a majority of creditors had voted in favour of the rescue plan, known as a Company Voluntary Agreement (CVA), and wanted to see the company continue trading.
BBC: Oddbins goes into administration
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Southampton are the fifth Football League team to be deducted points this season - Darlington entered administration, while Luton, Bournemouth and Rotherham were all penalised for coming out of administration without a Company Voluntary Agreement in place, as per the League's insolvency guidelines.
BBC: Penalised Saints face relegation