Amanda Bynes' parents attempt to gain temporary conservatorship of their daughter has been denied - for now.Ventura County Superior Court Judge Glen M. Reiser ruled Friday that because the actress is currently being held on a two-week psychiatric hold, there's no need to rush the decision, according to People. Rick and Lynn Bynes attended the hearingalong with their lawyer Tamar Arminak, who explained that the parents sought an immediate ruling on Thursday out of fear that their daughter would be released after the original three-day 5150 hold expired.Timeline: Amanda Bynes' increasingly erratic behaviorInstead, Reiser set a new hearing for Aug. 9, which he hoped the actress would attend. "I need to have a dialogue with [the actress] to gauge the propriety of a conservatorship to move forward," he said. "There are issues of liberty and property."Reiser has ordered a routine court investigation into Amanda's case, which will include a formal report from the actress' doctors.Amanda's parents have limited access to the actress in the hospital, but in their filing for conservatorship, obtained by TMZ, they said that she has become "extremely paranoid about being watched" and obscures smoke alarms and windows to prevent unseen cameras from shooting her.They also say that Amanda is unable to take care of her finances. According to the filing, Amanda had $4 million in the bank, but $1.2 million of it disappeared very quickly, including $100,000 on June 4 and another $100,000 on July 2. While Rick and Lynn don't know the details of the transactions, the documents say that they believe she spends "a substation amount" of money on weed and other illegal substances.Infographics: Is Amanda Bynes more scandalous than Kim Kardashian?Amanda's parents also suspect their daughter is homeless and has lost touch with reality, claiming that she "cabbed it" from New York to Los Angeles. Rick and Lynn believe Amanda's suffering from schizophrenia and are worried that she'll harm herself unless they're able to provide round-the-clock care.Amanda has been hospitalized on a 5150 hold since Monday, after she started a fire in someone's driveway in Thousand Oaks, Calif. The hold was extended to two weeks Thursday evening to allow doctors to properly diagnose her. According to TMZ, Bynes may be suffering from a mental illness with schizophrenic tendencies.