Experienced football trouble shooter Bryan Jackson from accountants BDO is now in charge of the Irn-Bru First Division club's finances and operations and has been told to report to Hampden next Tuesday at 3.30pm.
Press Association Sport understands that the SFL will now consider potential prize money payments Dunfermline are due, any unfair advantage they may have gained in the past as a result of not servicing their debts and how the situation has affected other clubs before making their final decision.
The last SFL club to go into administration, Dundee, were docked 25 points in October 2010. Before that, Gretna and Livingston were demoted two divisions when they were in administration during the close season.
David Longmuir, the lower-league body's chief executive, said on Wednesday that the grave situation at East End Park - with the club owing £134,000 to Her Majesty's Revenue and Customs while also £8.5million in the red to owner Gavin Masteron and other companies - was the most important issue facing the league.
But Jackson - who was the administrator in charge of Dundee when they were handed that 25-point penalty - fears that statement still may not be enough to dissuade the SFL from handing out a swinging punishment.
He told Press Association Sport: "I met with David Longmuir and Jim Ballantyne this morning. It was the usual amicable chat - that is until we get to the penalties. I fought our corner and gave them the background of where we are. Now it looks like I am going to be summoned to Hampden next Tuesday.
"I put forward the best case I could and appealed for leniency. I know how it all works and I know what they will consider. It reassures me that they understand the gravity of the situation. They understand Dunfermline were only a couple of hours away from liquidation, which would have left them with a real problem for the SFL.
"They appreciate what that would have meant if it had happened. But I'm not sure that will affect the sanctions. They told me they wanted to help me at Dundee and then hit us for 25 points.
"I understand why there has to be sanctions and I understand it better now, not that I necessarily agree with it. But we are working together now as best we can."
- Sports & Recreation