Preparing a Proof of Claim requires gathering debtor information, calculating claim amounts with interest and fees, documenting the claim basis, and ensuring compliance with Form B 410 requirements. Manual drafting involves cross-referencing multiple documents, performing calculations, and formatting everything to meet court standards—a process that typically takes 2-3 hours per claim and is prone to calculation errors or missing required fields.
Preparing a Proof of Claim requires gathering debtor information, calculating claim amounts with interest and fees, documenting the claim basis, and ensuring compliance with Form B 410 requirements. Manual drafting involves cross-referencing multiple documents, performing calculations, and formatting everything to meet court standards—a process that typically takes 2-3 hours per claim and is prone to calculation errors or missing required fields.
CaseMark automates the entire Proof of Claim drafting process by extracting creditor and debtor information from your documents, calculating claim amounts accurately, and generating court-ready Form B 410 compliant documents in minutes. The AI identifies claim types, organizes supporting evidence, and ensures all required fields are completed with proper legal formatting and declarations.
This workflow is applicable across multiple practice areas and use cases
Lenders need to file proofs of claim in borrower bankruptcy proceedings to recover outstanding loan amounts, interest, and fees from secured or unsecured debt.
Financial institutions and lenders regularly encounter borrower bankruptcies and must file claims to protect their interests in loan defaults, making this workflow essential for loan recovery operations.
Commercial litigators file proofs of claim when opposing parties or judgment debtors file for bankruptcy protection during or after litigation to preserve claims for damages, breach of contract, or other commercial disputes.
Commercial litigation frequently intersects with bankruptcy when business defendants seek bankruptcy protection, requiring attorneys to quickly convert litigation claims into bankruptcy proofs of claim.
Financial services companies and institutions must file proofs of claim for credit card debt, consumer loans, and other financial products when account holders file bankruptcy.
Banks, credit unions, and financial services providers handle high volumes of bankruptcy claims from consumer and commercial accounts, requiring efficient claim filing processes.
Employment attorneys file proofs of claim for unpaid wages, benefits, or employment-related judgments when employers file for bankruptcy protection.
Employee claims for unpaid compensation often become bankruptcy claims when employers face insolvency, requiring attorneys to document wage claims and priority status.
CaseMark requires basic bankruptcy case information (debtor name, case number, court details) and creditor account records showing the debt amount. The AI extracts all necessary data from your uploaded documents, including claim calculations, creditor information, and supporting evidence. Optional documents like contracts or security agreements can be included to strengthen secured claims.
Yes, CaseMark generates Proof of Claim documents that comply with official Form B 410 requirements from the U.S. Bankruptcy Courts. The AI ensures all required fields are completed, proper formatting is applied, and necessary declarations are included. The output is court-ready and follows current bankruptcy court standards.
CaseMark's AI analyzes your account records and financial documents to identify principal amounts, accrued interest, and applicable fees. It performs accurate calculations based on the data provided and clearly breaks down each component in the final Proof of Claim. You can review and adjust any calculations before finalizing the document.
Yes, CaseMark drafts Proof of Claim forms for both secured and unsecured claims. The AI identifies the claim type based on your uploaded documents and includes appropriate sections for describing collateral, security interests, or the unsecured nature of the debt. It adapts the document structure to match your specific claim type.
CaseMark generates a complete, court-ready Proof of Claim in approximately 8 minutes after you upload your documents. This includes AI extraction of all relevant information, claim calculations, document organization, and formatting. Compare this to the 2-3 hours typically required for manual drafting.
CaseMark automatically identifies and references supporting documents from your uploads, including account statements, contracts, invoices, and correspondence. The AI creates a proper attachment list and ensures each piece of evidence is cited correctly in the claim. You maintain full control over which documents to include in the final filing.
Yes, every Proof of Claim generated by CaseMark includes the required declaration under penalty of perjury and a properly formatted signature block. The AI ensures compliance with bankruptcy court requirements for creditor declarations, making your document ready for signature and filing.