BHS bosses are facing legal action from the department store chain’s biggest creditor, the Pension Protection Fund (PPF).
The PPF wants BHS administrators Duff & Phelps and FRP to put the business into liquidation by the end of this month, according to The Sunday Times.
Doing so would allow the administrators to bring legal action against former bosses to claim back cash for creditors.
BHS collapsed in April, leaving 11,000 people out of work and 20,000 pensioners facing uncertainty over their future.
A government investigation branded former owner Sir Philip Green the “unacceptable face of capitalism” for his role in its demise.
Green and fellow former owner Dominic Chappell are already under pressure from the Pensions Regulator, which launched enforcement action at the beginning of the month.
Chappell, who owned the chain before its collapse in April, was reportedly sent warning notices by the regulator, requesting “multiples of £1m”.
The body has also asked Green, who sold BHS to multiple bankrupt Chappell for £1 in March 2015, for around £300m to cover the £571m pensions deficit left in the wake of BHS’s collapse.