- 3 - 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.”Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 NextLast modified: March 27, 2008