Prepare Your Data
The Liquidation Analysis will pull values directly from your existing case data, so make sure the following sections are completed first:
Assets: Add all items to the Personal Property section as usual. (See Personal Property Line Mapping for details on easy Schedule A/B and SOFA placement).
Link Assets to Claims: After entering your claims in the Secured Claims section, ensure each secured claim is linked to its corresponding asset.
Review your Liquidation Analysis
Once your assets and claims are linked and saved, they will automatically appear in the Liquidation Analysis, where you will see three distinct sections:
Gross Liquidation Value of Assets:
In this section, you'll be able to see how we calculate the Estimated Liquidation Value from the Book Value of your Personal Property entries. NextChapter provides an editable Liquidation Percentage field for each asset that you can adjust as you see fit.
Estimated Costs of Liquidation: Enter the any anticipated business or administrative expenses you wish to deduct from the gross proceeds.
Net Proceeds Available for Distribution: This section provides a clear breakdown of:
Total Gross Proceeds: The combined liquidation value of all assets.
Total Deductions: The sum of all estimated costs and exemptions.
Net Proceeds: The final amount available to be distributed to creditors.
We are already working on Version 2 of this tool and would love your feedback—please let us know if there are any additional features or adjustments you’d like to see! Send us a chat in the app or reach out at hello@nextchapterbk.com to share your feedback.