1.

Principal Balance (LNPBAL) of the account on the Date Bankruptcy Posted + amount of principal for any payments after the Date Bankruptcy Filed up until the Date Bankruptcy Posted.

2.

Plus the amount of any outstanding fees and late charges not paid as of the Date Bankruptcy Posted, plus any late charges paid after the Date Bankruptcy Filed up until the Date Bankruptcy Posted.

3.

Less any Maintenance Fee refund due. Or if a precomputed loan, it would be less any precomputed interest rebate, unless your institution requires that the PC to IB field be processed before the bankruptcy transaction can be run (see the Require PC to IB at Petition and Require PC to IB at Confirmation fields on the Bankruptcy Options screen). This is the same program that calculates the payoff amount on the Payoff screen.

4.

Plus interest accrued but unpaid as of the Date Bankruptcy Filed for interest-bearing loans (payment method 6). Interest accrued is determined by multiplying the loan balance (LNPBAL) as of the Date Bankruptcy Filed, the Interest Rate, the number of days from last payment to Date Bankruptcy Filed, and dividing that number by the number of days in a year (as identified by LNIBAS).
 
For example: LNPBAL is $250. The Interest Rate is 36 percent. The number of days from the last payment to Date Bankruptcy Filed is 95. The number of days in the year is 365.
 
$250 * .36 * 95 / 365 = $23.75
 
For precomputed loans, you may want to turn on the Require PC to IB at Petition or Require PC to IB at Confirmation options from the Bankruptcy Options screen. This will require that users convert precomputed loans to interest bearing (or signature loan if more than 99% interest) using the Convert Precomputed to Simple screen before users can run the Bankruptcy transaction. That way the precomputed interest can be accounted for before a bankruptcy is processed. However, if you do not turn on one of those options, the system will subtract the unearned precomputed interest amount from the Proof of Claim, just as it does when calculating a payoff amount from the Payoff screen.

Example:

A borrower has filed for bankruptcy on 5-01-2017. Your institution receives the bankruptcy letter on 5-20-2017 and proceeds with running the Bankruptcy transaction. This is an interest-bearing loan (payment method 6) with a Principal Balance of $450, $65 in late charges, and $200 in miscellaneous fees. On 5-10-2017, the borrower made a $50 payment, of which $25 went to late charges. The payment reduced the Principal Balance to $425 on 05-10-2017. The interest rate on the loan is 36.5, and it is calculated using a 365-day calendar (LNIBAS is 100). Here is how the Proof of Claim is calculated based on this scenario:

So $723.08 is the Proof Of Claim amount reported to Bankruptcy Courts. This amount will be pulled into Box 7, How much is the claim, on the Proof of Claim form to be printed and sent to the Bankruptcy Courts.

This amount is also used in determining the Amount Unsecured in Box 9, All or part of the claim secured of the Proof of Claim form.