Workflow
Interest Calculation Reference
Overview
CaseMark's Interest Calculation Reference automates the complex process of computing and validating pre-petition interest for U.S. bankruptcy creditor proofs of claim. It handles rate source determination, day-count methodology, charge inclusion decisions, and post-petition interest rules across all claim types. The result is a court-ready interest worksheet backed by a comprehensive validation checklist.
Calculating pre-petition interest for bankruptcy proofs of claim is tedious and error-prone. Attorneys and paralegals must manually determine the correct rate source, apply the proper day-count convention, calculate accrual days, evaluate fee inclusion, and verify arithmetic—all while navigating different rules for secured, unsecured, and priority claims. A single miscalculation can result in claim objections, reduced recoveries, or sanctions.
CaseMark automates the entire pre-petition interest calculation workflow, from extracting key data points in your loan documents and payment histories to applying the correct rate hierarchy and day-count methodology. The AI generates a validated interest worksheet with a built-in checklist that flags potential issues, so you can file or challenge proofs of claim with confidence and precision.