Interesting question. If they go into administration , and its a a big if, because we can only speculate, then I would assume the SFA would do all they could to limit the damage to them and of course the damage caused to Scottish Football
I've no idea what the rules are regarding this & I very much doubt the SFA have made them up yet. Given that it's possible to finish higher up with a lower points total anyway, I doubt they'd be placed lower than 6th if they went tits up post split