The official trustee may be replaced by a registered trustee upon resolution by a creditors meeting.
The court will then assemble a creditors' committee within a week or so.
Within a week or so, the bankruptcy court will assemble a creditors' committee.
Two weeks ago, federal bankruptcy trustees held a creditors' committee meeting in San Francisco.
But it was unable to raise further funds and entered a creditors voluntary liquidation last month.
At a creditors' meeting, the bankers trying to pass the pickets were pelted with bottles and doused with whisky.
Only 23 percent even managed the first step, which is to have a creditors' assembly approve the restructuring plan.
A creditors committee initially supported the Chapman offer, before offers from the diocese and other institutions were made.
They first had to find £100,000 to pay wages, then were advised to negotiate a Creditors' Voluntary Agreement.
Mr. Hyman added that the company had formed a creditors' committee and was planning to restructure its operations.
However, that figure has now risen by almost £20m, and is reported to have been revealed by Andronikou during a creditors' meeting at Fratton Park.
