Amanda Bynes' Parents Not Considering Another Conservatorship Amid Psych Hold

Amanda Bynes‘ parents aren’t viewing her recent psychotic episode as a reason to put her into another conservatorship … but that doesn’t mean her episode hasn’t set off alarm bells.

A source with direct knowledge tells TMZ … Amanda’s parents, Lynn and Rick, are deeply concerned about their daughter’s well-being and health after her latest ordeal — but another conservatorship isn’t on the table, at least for now.

Amanda had been living independently in her own house and taking cosmetology classes and until fairly recently seemed to be doing fine, so Sunday’s episode seemed like an anomaly.

We’re told her parents are also taking comfort in the fact Amanda was self-aware enough to recognize she was in trouble … flagging down a car for help and calling 911 herself.

TMZ broke the story, Amanda was placed on a 5150 psychiatric hold after being spotted walking naked near Downtown L.A. Sunday morning.

She was taken to a nearby police station and a mental health team felt a psych hold was necessary. Typically, 5150 holds last only 72 hours, but they can be extended.