Kwik Save was granted a second extension at a High Court hearing last week to prove it has secured additional funds to save it from administration.
Tomorrow, the judge will make a ruling on an application for administration, based on whether it can prove additional funding is in place. However, Kwik Save may be granted a third extension until next week.
The verdict will have a direct bearing on the second petition, which is a wind-up order that is understood to have been filed against Kwik Save by creditor Steven Archdeacon. It is unclear what Archdeacon's relationship with Kwik Save is.
Last week, retail union Usdaw slammed the beleaguered discount chain after it announced that it would not be paying staff today or making redundancy payments to workers who lost their jobs last month.
Kwik Save has endured a turbulent several weeks, having closed 21 stores on top of the 79 shops it closed last month.
However, the retailer's biggest existing investor, Irish property tycoon Brendan Murtagh, is understood to be trying to raise additional funds and is thought to want to rebrand Kwik Save as Freshxpress.