Citing concerns that the value of Comcast SportsNet Houston is declining with each day, attorneys for Comcast have asked a federal judge for a accelerated reorganization process if the judge chooses next month to keep the network under bankruptcy court jurisdiction.

The motion could be argued as early as Feb. 4 before Bankruptcy Judge Marvin Isgur, who will hold hearings that day on the Astros’ motion to dismiss the involuntary Chapter 11 bankruptcy petition filed in September against the Astros-Rockets-Comcast partnership that owns Houston Regional Sports Network, the parent company of the financially struggling network.

If the case becomes a full-blown Chapter 11 proceeding, as favored by Comcast, Comcast wants the judge to appoint an examiner who could preside over the sale of the company and to waive the normal 120-day period during which a company under Chapter 11 protection has the exclusive right to file a reorganization plan.

Both are necessary, it said, because of CSN Houston’s governance structure. CSN Houston is available to no more than 40 percent of Houston’s 2.2 million TV households because unanimous approval is required for major decisions, and the Astros, according to court testimony, have objected to carriage agreements with DirecTV that they say would plunge the network further into debt and result in the teams losing their equity in the business.

“The network is an asset whose value is declining,” the Comcast motion said. “The very governance crisis that precipitated this involuntary bankruptcy filing operates to render the period of exclusivity useless to the (network). The network will be unable, acting as a debtor-in-possession, to formulate a plan of reorganization or otherwise its business affairs at any time during the 120-day exclusivity period.”

Comcast, which owns about 23 percent of the network to 46 percent for the Astros and 31 percent for the Rockets, repeated its desire to purchase the portion of CSN Houston it does not own and said it will submit a stalking horse bid to do so. A stalking horse bid is an initial bid submitted by a potential buyer that becomes the floor for bids by other parties.

As contemplated by Comcast, the court-appointed examiner would be authorized to negotiate proposed plans of reorganization or an auction to sell the company and to distribute the proceeds if the company is sold.

While the Comcast motion has no immediate impact on efforts to arrange deals with DirecTV, Dish Network, AT&T U-verse or Suddenlink, the company says it is an avenue that could help speed up a new business plan for the company, including potential carriage agreements. The Rockets currently are in charge of negotiations to attract new business for the 17-month-old company.

The hearing on the Astros’ motion to dismiss the case, which, if granted, would result in the Astros’ taking back their broadcast rights because they did not receive tens of millions in promised payments during the 2013 season, is at 9:30 a.m. Feb. 4. Attorneys will spend the rest of the month exchanging documents and conducting depositions of witnesses.