A Saskatoon judge is giving lawyers involved in an application to appoint an interim receiver for the Lighthouse until Friday to sort out the supported living facility's future.

A Court of King's Bench judge is hearing an application from board members Twila Reddekopp and Jerome Hepfner to appoint an interim receiver to look into what's happening with the organization's money. Court heard last week that the Lighthouse had $43,000 left on its line of credit — not enough to meet its next payroll.

Justice Allisen Rothery said she is "not optimistic" that the two sides can reach an agreement on who should look into the organization's finances, for how long and with what powers.

The original application, from board members Twila Reddekopp and Jerome Hepfner, asked the court to appoint an interim receiver to sort of out the organization's books. They suggested a 30-day investigation with limited powers to affect any change.

Lawyers for the three remaining board members countered with a proposal to gradually phase out the existing board and replace it with one with freshly-elected members. The new board would work with an-as-yet designated outside party.

Affinity Credit Union, the main secured creditor, is supporting the motion from Reddekopp and Hefner to bring on accounting firm MNP to do the assessment.

The lawyers for the three board members have until Friday to convince their counterparts, Affinity and the court that the phased-board approach is best.