The 127-year-old club entered administration around six months ago to avoid going into liquidation over an unpaid £134,000 tax bill.
The club was docked 15 points and eventually relegated from the old First Division.
Supporters' group Pars United agreed a Company Voluntary Arrangement with creditors in July and the final details are now complete.
Pars United also acquired East End Park stadium, which was in administration under a separate company, as part of a community ownership structure.
An interim board, including former team manager Jim Leishman, has been appointed to the end of the season and papers will be sent to the Court of Session in Edinburgh to formally take the club out of administration. New chairman Bob Garmory said: "The past few months have been a painful and frustrating time for everyone connected with Dunfermline Athletic. However, we ask that all Pars supporters and the wider west Fife community now look forward, not back, with a renewed sense of optimism and spirit."