← All workflows

Bankruptcy Interest Calculation

Calculate Bankruptcy Claim Interest in Minutes, Not Hours

8 minutes with CaseMark

Run this workflow

Run it in CaseMark

Upload your documents and get a finished work product in minutes. New accounts get $5 free to run their first skill.

8 minutes with CaseMark

What you'll need

  • Loan Agreement or Promissory Note
  • Claim Details Summary

SOC 2 Type II · HIPAA compliant · $5 free credit

Workflow

Overview

CaseMark's Bankruptcy Interest Calculation skill automates the complex process of computing pre-petition interest for bankruptcy proofs of claim. It analyzes your loan documents to identify the correct interest rate, day-count convention, and accrual period, then generates a defensible, filing-ready worksheet ready for attachment to your proof of claim.

Calculating interest for bankruptcy proofs of claim is tedious and error-prone. Attorneys and paralegals must manually identify the correct rate source, determine the applicable day-count convention, compute per diem amounts, count accrual days, and assess post-petition interest eligibility—all while ensuring the worksheet is defensible enough to survive trustee review and potential objections.

CaseMark automates the entire interest calculation workflow by analyzing your loan documents and claim details to apply the correct rate hierarchy, day-count convention, and accrual formulas. It produces a comprehensive, citation-backed worksheet that clearly presents every component of the interest calculation, ready for immediate attachment to your proof of claim filing.

How it works

  1. 1. Upload your loan agreement, claim details, and supporting documents

  2. 2. AI identifies the applicable interest rate, day-count convention, and accrual periods

  3. 3. Review the calculated pre-petition interest, post-petition analysis, and fee assessments

  4. 4. Export the filing-ready interest worksheet for attachment to your proof of claim (DOCX, PDF)

What you get

  • Interest Rate Source Analysis

  • Day-Count Convention Determination

  • Per Diem and Accrual Period Calculation

  • Pre-Petition Interest Summary

  • Post-Petition Interest Assessment

  • Authorized Fees and Charges Review

  • Filing-Ready Interest Worksheet

What it handles

  • Automatic rate source hierarchy analysis (contract, judgment, statutory, federal)

  • Day-count convention detection and per diem calculation

  • Pre-petition interest computation with defensible formulas

  • Post-petition interest analysis under 11 U.S.C. § 506(b)

  • Authorized fee and charge inclusion review

  • Filing-ready worksheet generation for proof of claim attachment

Required documents

  • Loan Agreement or Promissory Note

    The underlying agreement governing the debt, including interest rate provisions and fee authorization terms

    .pdf, .docx

  • Claim Details Summary

    Principal balance, annual interest rate, last payment date, petition date, and any prior payment history or account statements

    .pdf, .docx, .xlsx

Supporting documents

  • Pre-Petition Judgment

    Any judgment entered before the bankruptcy filing that establishes a judgment interest rate

    .pdf, .docx

  • Account Statements or Payment History

    Detailed transaction history showing payments, charges, and balance changes leading up to the petition date

    .pdf, .xlsx

  • State Statutory Rate Reference

    Applicable state prejudgment interest statute or rate schedule if the contract does not specify a rate

    .pdf, .docx

Why teams use it

Eliminate manual per diem calculations and reduce arithmetic errors that can lead to claim objections

Ensure correct rate source hierarchy application with automatic citation of governing authority

Quickly assess post-petition interest eligibility under § 506(b) for oversecured claims

Generate court-ready worksheets that withstand scrutiny from trustees and opposing counsel

Questions

How does CaseMark determine which interest rate to apply?

CaseMark follows the established rate source hierarchy used in bankruptcy practice: contract rate first, then judgment rate, state statutory rate, and finally the federal rate under 28 U.S.C. § 1961. It cites the applicable source with the relevant section number or statutory citation.

Can CaseMark handle different day-count conventions?

Yes. CaseMark identifies the day-count convention specified in your loan agreement—whether Actual/365, Actual/360, or 30/360—and applies the correct divisor. When no convention is specified, it defaults to Actual/365 per standard practice.

Does the tool calculate post-petition interest for oversecured claims?

Absolutely. CaseMark analyzes whether a secured claim qualifies for post-petition interest under 11 U.S.C. § 506(b) and calculates the allowable amount based on the equity cushion, helping you maximize recoverable interest for oversecured creditors.

Is the generated worksheet suitable for filing with the bankruptcy court?

Yes. CaseMark produces a defensible, filing-ready interest worksheet designed for attachment to your proof of claim. It includes all formulas, rate citations, and accrual period details that courts expect to see in support of interest components.

Can CaseMark handle both consumer and commercial loan calculations?

Yes. CaseMark supports the conventions and rate structures common to both consumer loans (such as mortgages) and commercial credit facilities, automatically adapting its calculations to the applicable day-count convention and rate source.

How does CaseMark handle fees and charges in the claim amount?

CaseMark reviews your loan agreement for authorized fee provisions and identifies which charges can be properly included in the total claim amount. It flags fees that meet inclusion standards and separates them clearly in the worksheet.

Related

30b6 Corporate Rep

Master 30(b)(6) Depositions in Minutes, Not Hours

30b6 Deposition

Draft & Defend 30(b)(6) Depositions in Minutes

Abstract of Judgment

Draft Judgment Abstracts in Minutes, Not Hours