Sec Form 4 Filing - Denhart Douglas R @ DEBT RESOLVE INC - 2009-12-14

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Denhart Douglas R 2. Issuer Name and Ticker or Trading Symbol DEBT RESOLVE INC [ DRSV] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O DOUGLAS HOLDINGS, LLC, 100 NEWPORT CENTER DR., SUITE 200 3. Date of Earliest Transaction (MM/DD/YY) 12/14/2009 (Street) NEWPORT BEACH, CA92660 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Promissory Note (repayment) 04/02/2010 J 34,990 ( 1 ) D $ 0 D Common Stock (conversion of accounts payable) 08/03/2010 J 800,000 A $ 0.15 5,250,000 I See footnote ( 2 ) Common Stock 08/03/2010 S 800,000 D $ 0.15 4,450,000 I See footnote ( 2 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Warrants (Right to Buy) $ 0.15 12/14/2009 A 2,000,000 12/14/2009 12/14/2014 Common Stock 2,000,000 $ 0 2,000,000 D Warrants (Right to Buy) - Assignment $ 0.15 05/17/2010 D 250,000 12/14/2009 12/14/2014 Common Stock 250,000 $ 0 1,750,000 D Warrants (Right to Buy) - Assignment $ 0.15 05/28/2010 D 100,000 12/14/2009 02/14/2014 Common Stock 100,000 $ 0 1,650,000 D Warrants (Right to Buy) - Assignment $ 0.15 07/28/2010 D 200,000 12/14/2009 12/14/2014 Common Stock 200,000 $ 0 1,450,000 D Warrants (Right to Buy) - Consulting $ 0.25 08/11/2010 A 500,000 08/11/2010 08/11/2015 Common Stock 500,000 $ 0 1,950,000 I See footnote ( 3 ) Warrants (Right to Buy) - Consulting $ 0.25 08/12/2010 A 2,075,000 08/12/2010 08/12/2015 Common Stock 2,075,000 $ 0 4,025,000 I See footnote Warrants (Right to Buy) - Assignment $ 0.25 08/12/2010 D 1,275,000 08/12/2010 08/12/2015 Common Stock 1,275,000 $ 0 2,750,000 I See footnote ( 3 ) Warrants (Right to Buy) - Assignment $ 0.25 11/03/2010 D 520,000 08/12/2010 08/12/2015 Common Stock 520,000 $ 0 2,230,000 I See footnote ( 3 ) Warrants (Right to Buy) - Assignment $ 0.25 04/14/2011 D 250,000 08/12/2010 08/12/2015 Common Stock 250,000 $ 0 1,980,000 ( 4 ) I See footnote ( 3 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Denhart Douglas R C/O DOUGLAS HOLDINGS, LLC 100 NEWPORT CENTER DR., SUITE 200 NEWPORT BEACH, CA92660 X Signatures /s/ Douglas R. Denhart 02/22/2012 Signature of Reporting Person Date

Explanation of Responses:

( 1 )$34,990 Promissory Note. ( 2 )Indirect transactions represent conversion of accounts payable invoice of Douglas Holdings LLC in the amount of $120,000 to stock at $0.15; stock immediately sold to third party; Mr. Denhart is the managing member of Douglas Holdings LLC. ( 3 )Indirect transactions are with Douglas Holdings LLC, of which Mr. Denhart is the managing member. ( 4 )As of this date, Mr. Denhart?s position has fallen below the 10% threshold.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitut e Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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