Rotherham chief executive Paul Douglas says a decision from the creditors on whether to accept their Company Voluntary Arrangement is imminent.
It is understood a meeting with the creditors took place on Friday.
"I don't think it'll be any later than early next week when there's an announcement on whether a CVA has been possible," he told BBC Radio Sheffield.
The Millers will start the season with a points penalty if the deal is subsequently rejected.
Meanwhile, Rotherham United have responded to a statement from the Football League which says that they have yet to submit a full application to enter the league and play at Sheffield's Don Valley Stadium next season.
Douglas said: "We weren't surprised by the content of the statement, but were by the timing of it.
"We didn't think it was particularly helpful. We were aware that certain items of documentation still needed to be put in."
Rotherham United also say the current situation will not affect pre-season friendlies.
The Football League statement also stated that Rotherham United would need to forfeit a bond of �750,000 to the Football League if they do not move back to the town of Rotherham in four years.
Douglas said: "Whether or not that money would need to be lodged before we move or whether it's something that would simply be a legally binding commitment by the club that it would be paid in the event that we were not back in four years has still to be negotiated."
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