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A. Charles Theodore Henry Dennis III
Charles Theodore Henry Dennis III (Mr. Dennis) formed
petitioner as a Maryland corporation on February 15, 2005.
Petitioner has not yet begun to operate.
Mr. Dennis’s experience and expertise involve debt
management programs (DMPs). A DMP is a program, often run by a
credit counseling agency, in which a debtor enrolls to
consolidate or restructure and repay unsecured debt. Creditors
pay the entity that runs a DMP a percentage of the debt collected
through the DMP. The financial criteria for qualification of a
debtor in a DMP are established by the debtor’s creditors.
Before forming petitioner, Mr. Dennis sold DMPs, developed
plans to increase his company’s DMP portfolio, managed a “high
performance call center” for 7 years, and served as a senior loan
officer at a mortgage company. Mr. Dennis has also been a vice
president of operations and a call center manager for two
companies that provided financial counseling and DMPs.
B. Articles of Incorporation and Bylaws
Petitioner’s articles of incorporation state that its
purpose is to “promote financial literacy to highly leveraged
consumers who want to become debt free” and “Offer products and
services to assist the consumers in reaching their financial
goals.”
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Last modified: March 27, 2008