As I just posted on another forum, here is the reality
Becchetti has reportedly loaned the club 11m in total. Administration will only fetch a 3.8million return at most if it sells. So he will be looking for 4m+ to sell. Add on account debts to other creditors on top, and you could probably see why a buyer wont go in. The Youth set up has also been left to deteriorate, which at a club like Orient is what keeps the £££ rolling in from selling up and coming players. So a new owner would need to pay a total of 10m plus to buy the club, clear the debt and investment into those areas which will make money.
Have a read of Sitton's autobiography (even if you like or hate him). Seems like history repeating itself and that he was right in regards to the YTS and centre of excellence, and how important it was to Orient in regards to turning over enough cash to keep it in the black 22 years ago
Becchetti has two choices. File for administration and take what he can get, or let the club get liquidated.
More likely to sell under Admin, as a new owner can spread the cost and pay less.