Patent ID: 7856385

Claim:
A method for electronic management and processing of bankruptcy-related claims and payments, comprising the steps of: receiving, by a computer, loan servicer data from a loan servicer, the loan servicer data relating to one or more loans, including bankruptcy plan information, whose debtors are in bankruptcy and one or more claims filed by creditors against the debtors; receiving trustee data from a repository of trustee information, the trustee data relating to the loans whose debtors are in bankruptcy and the claims filed by the creditors; creating, by a computer, a relationship between the loan servicer data and the trustee data by comparing one or more data fields related to the claims from the loan servicer data to corresponding one or more data fields related to the claims from the trustee data; assigning a score to the comparison results for the data fields related to the claims based on one or more business rules, wherein the assigned score for the comparison results is weighted depending on the data fields related to the claims; calculating, by a computer, the total score for the comparison results for the claims; designating the claim as being valid if the total score for the claim is greater or equal to a predetermined value; and designating the claim as being invalid if the total score for the claim is less than a predetermined value.