A decision on whether an independent Catholic school in Bristol can be saved has been deferred for about a week.
The fee-paying St Ursula's School in Westbury-on Trym went into administration last week.
About 160 pupils were left without schools and 40 staff lost their jobs. Supporters have raised about £450,000 to try to save the school.
A meeting was held on Tuesday night, where a decision was put off until "on or before" 17 August.
The school went into administration after a bid to make it a non-denominational academy was rejected by the Sisters of Mercy, the Catholic nuns who ran the school.
It has struggled to remain financially viable because of falling pupil numbers.
Donniya Dhadhra, a representative of the Christian educational trust Oasis Community Learning, which wants to turn the school in to an academy, confirmed that negotiations had not reached a conclusion.
She said: "The intention had been to be able to make an offer to the administrators today (Tuesday).
"We have today entered into positive discussions with Bristol City Council to formulate a joint proposal that could be submitted to the administrator for an early resolution."