Workflow
Interest Calculation Reference
Overview
CaseMark's Interest Calculation Reference automates the complex process of calculating and validating pre-petition interest for bankruptcy creditor proofs of claim. The tool extracts key financial data from loan documents and payment histories, applies the correct rate source hierarchy, and generates a complete interest worksheet with per diem breakdowns and charge inclusion analysis.
Calculating pre-petition interest for bankruptcy proofs of claim is a painstaking process that requires precise date arithmetic, correct rate source identification, and careful evaluation of which charges can be included. A single error in day-count basis, accrual period, or rate selection can result in claim objections, reduced recoveries, or sanctions—yet attorneys and paralegals routinely perform these calculations manually using spreadsheets.
CaseMark automates the entire pre-petition interest calculation workflow, from extracting principal balances and rates from governing documents to applying the correct day-count basis and rate source priority hierarchy. The AI generates a complete, validated interest worksheet with per diem calculations, charge inclusion analysis, and a built-in checklist—turning hours of manual work into a reliable, reviewable output in minutes.