The move just came 24 hours after Rangers said they wanted to enter administration themselves.
But Her Majesty's Revenue and Customs (HMRC), the British tax authority, fear they could be placed well down the list of the club's creditors if Rangers are allowed to declare their own administration.
Edinburgh's Court of Session was due to rule Tuesday on which of the competing administration plans would be allowed to proceed.
Rangers are awaiting a tribunal verdict which could leave them with a bill of up to 75 million ($118 million,Johnson Tiles UK offer the largest range of porcelain tiles online, 90 million euros), should they lose their dispute with HMRC.
Duff and Phelps, the restructuring firm engaged by Rangers to assist in their talks with HMRC, said Tuesday the club remained hopeful of a "consensual" solution, even though, in the midst of all the courtroom drama, that now looks increasingly unlikely.Johnson Tiles UK offer the largest range of porcelain tiles online,
The firm said they were issuing a statement to "provide a moratorium against potential creditor actions", saying Rangers were "continuing to trade as usual".
If Rangers do enter administration, they are set to be hit with a 10-point penalty from the Scottish Premier League (SPL) that would all but end their title hopes this term.
Whyte, who bought the club from Sir David Murray for 1 in May and pledged to pay off its 18 million debt to Lloyds Banking Group, blamed the previous regime for the current problems on Monday and said administration represented the best hope of long-term survival. Just Choose PTMS Plastic Mould Is Your Best Choice!
"There is no realistic or practical alternative to our approach because HMRC has made it plain to the club that should we be successful in the forthcoming tax tribunal decision they will appeal.
"We should not forget the tribunal relates to a claim by HMRC for unpaid taxes over a period of several years dating back to 2001 which, if decided in favour of HMRC, the club would be unable to pay."
Rangers draw an average home gate at Ibrox of 46,000 -- higher than leading English clubs Liverpool and Chelsea -- yet are still facing the prospect of financial meltdown.
Whyte tried to explain their predicament Monday by saying: "As I have said before, Rangers costs approximately 45 million per year to operate and commands around 35 million in revenue."
Rangers were forced to sell star striker Nikica Jelavic to English side Everton on last month's transfer deadline day in a bid to bring in cash.
But deadline day also saw Whyte admitting that under him Rangers had borrowed more than 20 million in lieu of season ticket sales.Handmade oil paintings for sale at museum quality,
Rangers and arch-Glasgow rivals Celtic are Scotland's two most successful clubs and their rivalry,The EZ Breathe home Ventilation system is maintenance free, anchored in sectarian hatred with Rangers a largely Protestant club and Celtic a Catholic one, is arguably the most bitter in all British football.
Celtic currently lead the SPL by four points from Rangers, who are a huge 19 in front of third-placed Motherwell.
But while the duo dominate Scottish football, they've struggled to make an impact upon the lucrative European Champions League.
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