Swindon are striving to salvage a takeover deal, BBC Sport understands.
Local businessman Andrew Fitton, who is heading up a consortium to buy the club, had called off the deal citing "unacceptable conditions" on Thursday.
But he has since met the club's main shareholder Sir Seaton Wills and there is renewed hope a deal can be struck.
Swindon are £5m in debt and shareholders are desperately trying to raise money to prevent the League One club being forced to close.
"Receivership is something that we will avoid at all costs, although any creditor could go to the courts," said director Bob Holt.