The administrators for Stafford Hospital that took over on April 16th had 45 days to come up with a plan of how to turn the Mid Staffordshire NHS Trust around - with a report due out next week.
They have now asked Monitor for a 30-day extension to that deadline. A decision on whether to grant the extension could be made by the board of Monitor next week.
"We believe to get it right we need more time to continue our discussions with other providers and commissioners and to finalise our draft recommendations.
"It would be a disservice to the people served by Stafford and Cannock Chase hospitals and the trust's staff to not request the additional time we believe we need to develop our proposals fully."
All public consultation meetings already announced will now be cancelled and re-scheduled, if the extension is granted.
What does the decision to appoint trust special administrators to run Mid Staffordshire NHS Foundation Trust mean?
The Health Secretary's response came after failings at Mid Staffordshire NHS Trust, which highlighted the suffering of hundreds of people.
The Health Secretary, Jeremy Hunt, has today outlined new plans for NHS following the Stafford scadal