Caterham entered administration following a dispute between Tony Fernandes and Engavest and missed two races, prior to returning in Abu Dhabi courtesy of a crowdfunding scheme.
Creditors voted in favor of the administrators' proposals during a meeting on Monday and there is now renewed hope that the team will be able to race in 2015.
"Our dialogue with prospective interested parties (read that ride-buyers) continues," joint administrator Henry Shinners told Sky Sports.
"We are grateful to creditors for their endorsement of our strategy and work. We remain hopeful that the Caterham Formula 1 team can be saved and be on the grid in Melbourne for the first race of 2015."