Schools that file for bankruptcy shall provide not less than the following:

1. (1)

   1. (A) Notify the State Board of Private Career Education staff within twenty-four (24) hours of the filing, excluding Saturdays, Sundays, and legal holidays.
   2. (B) The information should be provided by completing and submitting the bankruptcy notification form as found on the board website;
2. (2) Provide monthly bankruptcy updates to the board staff;

3. (3) Submit the:

   1. (A) Name, address, and phone number of the bankruptcy lawyer; and
   2. (B) Case number;

4. (4) Submit information on where the action was filed such as the:

   1. (A) State;
   2. (B) County; and
   3. (C) Court; and
5. (5) One (1) copy of all information filed with the bankruptcy court shall be submitted to the board staff.