Angela Ruske, spokeswoman for Keep Basketball in Otago, hopes to convince BBO delegates to give the group more time to fundraise.
''If they vote to accept the liquidator and go into liquidation then that process will be ratified on February 10,'' Ruske said.
''What we are going to ask, and what we are going to present, are the different fundraising activities we are doing and the potential income we believe realistically we could get from them.
''We are going to ask [the delegates] to delay [liquidation] until the February 10 meeting to give us the opportunity to get that money in.''
Last month, BBO announced it was insolvent and promptly ceased trading.
At its annual meeting, it reported a deficit of $45,199 for the financial period ending December 2013, leaving it with debts of just under $100,000.
BBO has added a further $80,000 of debt this year, leaving it with negative equity of $178,964.
Ruske said the group was aiming to raise $100,000, which it hoped would be enough to avoid liquidation.
A letter from BBO to its members earlier this month asked the delegates to consider whether avoiding liquidation was a realistic proposition.
''If you genuinely believe that it has a better than 60% chance then you may vote to adjourn the meeting to a date that the meeting agrees in February,'' the letter said.
''The statement has been made that if BBO goes into liquidation there will be no basketball in Otago next year or beyond. That is not correct.
"Basketball will continue and competitions will be organised with the support of Basketball New Zealand until the formation of a new incorporated society under a different name.''
It was a reasonably pointed letter which appeared to suggest starting fresh may be the best alternative.
However, Ruske said the Keep Basketball in Otago group remained committed to paying back the creditors.
The group is aware it could come up short, though.
''We feel people need to be informed and the letter is informing them that that would be the best option if we have no show of raising the money. We don't want basketball to be disadvantaged in the new year by what we are doing.
''I think it would be great if we could raise $179,000 and get completely squared off with all the creditors. But we still feel if we can get it towards $100,000 then that is something to offer to the creditors as well.
''If they vote for liquidation, the creditors won't get any money, so $100,000 split between them would be better than nothing.''
Keep Basketball in Otago has three main fund-raising drives.
It has a national online sales promotion where the prize is a signed singlet from New Zealand NBA player Steven Adams and a trip to Los Angeles valued at $10,000.
The competition can be accessed at www.keepbasketballinotago.co.nz.
The website is still under design and the sales promotion is not operational yet.
''I'm hoping sooner rather than later,'' Ruske responded when asked when it would be complete.
''We're hearing from the community that they are waiting for it to go live ... and we expect we will do reasonably well out of it.''
Another big fund-raising push is through its `brick wall' where local business and individuals can pledge support in return for a space on the wall.
Also, the Canterbury Rams have agreed to play a pre-season game in Dunedin at the end of February-early March, possibly against the Southland Sharks.
It will cost $10 a ticket and there will be a live auction at the fixture as well.
Ruske is hopeful that event will raise up to $20,000.
