The Bulls are understood to have not paid football creditors by today's 5pm deadline.
It is understood that the deadlock between Tommy Agombar and Dennis Strudwick continues with Agombar demanding written assurances from the Conference of the Bulls' survival in the fifth tier if they settled the bills. Strudwick is understood to have refused such assurances.
The matter will now go to a vote of the Conference board early tomorrow afternoon, with a unanimous vote sees the immediate expulsion of the Bulls. A split decision will see the Premier clubs vote on the Bulls' future on Saturday.