The troubled Baha Mar casino resort in the Bahamas has been given a two-month window in which to get its financial house in order.

Late last week, the Bahamas Supreme Court ruled that it would not hear the government’s ‘winding down’ petition until November 2, giving developers Baha Mar Ltd two months to arrange the necessary financing to complete the $3.5b project.

In June, Baha Mar Ltd filed for Chapter 11 bankruptcy protection in Delaware after failing to resolve disputes with its contractor and primary lender, both of which are Chinese state-owned firms. The Bahamian government then sought legal clearance to take control of the project, which it deemed “a matter of the utmost national importance” given the number of jobs at stake if the project were to go tits-up.

The Bahamian court also appointed accountants from Bahamian firm KRyS Global and the UK’s AlixPartners Services to serve as provisional liquidators of the project, although the scope of the authority these liquidators will have is a hotly disputed matter.