Credit for BNCOC with new ALC?

Hopefully someone can shed some light on this topic for me.

I have completed Phase I and II (88M) of BNCOC, and could not get a slot in Phase III. So, now that the course has changed to ALC, will I have to take the entire ALC Course?

I've heard things like, you already did resident phases so you will be able to just do ALC phase one.. and all sorts of other things, but no one seems to know how it works with ALC. I have no idea how ALC is even structured so any help on how to not loose my credit in BNCOC would be great.

Thanks in advance.
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