Finance and Economic

Attorney Diana Carey was appointed Thursday to act as trustee in the involuntary Chapter 11 personal bankruptcy of Mercer Island entrepreneur Frederick Darren Berg, according to court documents.

As trustee, Carey will be monitoring the operation of Berg’s companies and his personal assets.

Such appointments are not unusual, according to Mark Calvert, trustee in the separate Chapter 11 bankruptcy of a group of seven Meridian Mortgage Investors Funds operated by Berg guaranteed payday loans. Both cases were filed in the U.S. Bankruptcy Court for the Western District of Washington in Seattle.

“It gives people comfort when a trustee is involved that the value of the assets will be maximized for the benefit of the creditors,” Calvert said.

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