Robert Fowler files $127 million personal bankruptcy

October 31, 2010


Developer Robert Fowler, a partner in the failed R.W. Hertel and Sons, filed for personal bankruptcy listing $127.6 million in debt, on Sept. 26.

Fowler said $105.6 million of his accumulated debt is from personal guarantees he made on business loans, according to his bankruptcy filing. He claimed assets of $4.8 million that include his personal residence in Santa Margarita.

In 2009, a group of three creditors forced R.W. Hertel and Sons into involuntary bankruptcy in an attempt to collect debts of $42,000.

A virtual pittance as Ron Hertel, Fowler’s business partner, asserted under oath that he personally guaranteed $145 million of R.W. Hertel and Sons’ debt. It does not appear that Hertel has filed for personal bankruptcy at this time.

Fowler’s personal bankruptcy filing shows he also owes $1.5 million in federal and state taxes.

During the corporate bankruptcy, Hertel testified that the partners may have used money from the business to purchase luxury items such as yachts and thoroughbred horses.

The “Dram Buoy,” a 67 foot Bertram yacht owned by Hertel and Fowler, was seized in January 2009 because of concerns the developers would steer the ship from U.S. waters. Federal authorities, acting under a court under requested by City National Bank, seized the 2005 Bertram yacht including guns, ammunition and small arms, according to court documents.

U.S. Marshals also seized the partners’ 106-foot “Cajun Princess” to cover debts owed for maritime and unpaid contractor liens of more than $4 million. They were refurbishing the 1988 Broward yacht slated to be valued at approximately $14 million after the ship’s remodel, according to court records.

In addition, VFS Financing filed suit against Hertel and Fowler for a $7.15 million default loan the pair guaranteed personally for the purchase of a business jet.

A meeting of Fowler’s creditors is scheduled for Nov. 8.



  1. cheseburger says:

    Wow where did the moderator go?,”personally for the purchase of a business jet” back to Fowler, let me guess Gearhart’s jet Fowler’s name came up when talking to the F.B.I. early in the investigation, Heritage Oaks Bank/ Hurst Financial/Stewart Title fraud, Fowler is tied to all that scum. Not to late to get back on track the election is over.

    (5) 5 Total Votes - 5 up - 0 down
    • Josixpack says:

      Ventura Group, LLC is located at 5200 Telegraph Rd Ventura, CA 93003. The officers include Hertel Group LLC, Harbor of Santa Barbara. Ventura Group, LLC was incorporated on Tuesday, July 16, 1996 in the State of CA and is currently active. Robert Js Fowler represents Ventura Group, LLC as their registered agent.

      Source: Public Record data – Department of State – Division of Corporations

      (2) 4 Total Votes - 3 up - 1 down
  2. willie says:

    Anybody want to make a bet?
    I wrote in Ben Hall’s name (I like his experience and education).
    I did not vote for Ian nor Cortez (Both can do the job adequately)
    My bet is that Ian will beat Cortez
    Cortez has empressed a lot of people in a professional and business capacity but the actual resultant under his administration has harmed oridinary nobody’s (This area is a conglomerate of small towns and ordinary people talk broadcast wide)
    Parkinson on the other had is no better or worst, but to the common nobody he has not harmed them and served them professionally.
    My bet is that Ian will win, even though I did not vote for him!

    (3) 3 Total Votes - 3 up - 0 down
    • Cindy says:

      Willie, exactly how has Cortez harmed people? That is a new one and I haven’t heard anything like that from anybody, not even a murmur.
      As for writing in a candidate, why even bother to vote? Do you think anyone cares that you wrote in a candidate? They don’t. It’s called acting like a spoiled child because your buddy didn’t make it in the primaries.

      (2) 4 Total Votes - 3 up - 1 down
      • willie says:

        Cindy NONE of them are my buddies!
        I get a sense you like Cortez, I respect your choice based on your positive perceptions.
        My first choice was Jerry Lenthal (because I admired his education – not a buddy) but too much negative unveiled on him.
        My current choice is Ben Hall
        (Spoiled you say?) There is nothing wrong with sharing to others that if they don’t like what’s on the platter they don’t have to eat it. (It would surprise me if you are suggesting I am limited to either Ian or Joe.
        And yes you be correct that I waste my vote rather than to select the lessor of two evils)
        Cortez and Parkinson are both capable of being Sheriff.
        “No” on Parkinson because he’s a good old boy and successful opportunist not wholly honest.
        “No” on Cortez (I don’t see him the same as I do Parkinson. I think Cortez has more integrity than Parkinson does) although pety, across the years I have heard of families parked July 4th at Pismo Beach, coming back and finding their cars towed, having to leave their children and babies at the beach, all claiming “the same” inadequate or untimely no parking notice. Until I had to rescue a friend and loan him $300 to get his car out of tow because he left his wife and 2 year old baby at the beach, I realized why all of them cease going to Pismo any more. I knew another person (State government administrator –co worker) who fell into the same unlawful sweep “inadequate notice”, he was bare footed and too injured to walk the couple of miles on black asphalt to the tow yard (after getting his vehicle released from the PPD, He ID himself to CHP and was given a professional courtesy ride to the tow yard closed after closing and had to pay an additional $100 because they were closed!. You don’t need to know the CS interim CS contact with Cortez’s finest.
        Cortez is a good LE officer or military officer but not a good administrator (to me – I trust the collective sincerity of ordinary “insufficient nobody’s” hurtful experiences and have shared the sorrow CS experience of two individuals under Cortez’s administration).
        In politics you have the win the hearts of everyone, not just the political and business or the those connected to them but also the “nobody’s (ordinary people).
        You asked and the above are my collective criteria, I also respect any feedback you offer.
        If Cortez wins the election, I am all right with him being the cop or soldier of SLO county (but I do NOT respect this nice person) If civil unrest, crowd control, or a disaster occurs, “I HAVE NO FAITH IN HIM OR THOSE WHO SERVE HIM (BASED ON WHAT I HAVE COLLECTED ACROSS THE YEARS FROM PLAIN AND ORDINARY PEOPLE !”)

        (1) 1 Total Votes - 1 up - 0 down
    • sportmom says:

      And this whole page of comments has to do with Robert Fowler filing BK because???
      Did the moderator take a day off? Scary…..

      (5) 7 Total Votes - 6 up - 1 down
    • sportmom says:

      and this comment and all the comments below this pertain to Robert Fowler filing BK how???
      Moderator taking a nap or a few days off?

      (4) 6 Total Votes - 5 up - 1 down
  3. willie says:

    Merely being shy of a few bucks for three installments is sufficient to foreclose on you.
    Some because of medical expense, some becaues of other financial hardship (tax increase and inflation) and others due to their irresponsible speculation or hopes.

    (3) 3 Total Votes - 3 up - 0 down
  4. evelcoito says:

    Has anyone heard any news about whats going on with K.Guths seized assests ? ie Olive Ranch or ??

    (7) 7 Total Votes - 7 up - 0 down
  5. Cindy says:

    I hope Dave Congalton sets up a forum tomorrow night so that we can all watch the election results as they roll in. He was really funny last election and as I recall Karen entertained us all with the Hash House Harriers story. Maybe she has another good one for us tomorrow night? I’ll be here watching CORTEZ take the SLOCO Sheriffs race.

    (-1) 9 Total Votes - 4 up - 5 down
  6. Dexter says:

    Quit bagging on these guys … If Sheriff candidate Parkinson doesnt pay his taxes why should these guys have to?

    (3) 27 Total Votes - 15 up - 12 down
    • hotdog says:

      Actually Ian did pay his taxes-after flaking on them so long they went to liens against his property. Then in a public forum recently he blamed his wife for the transgression. Great guy, can’t manage his affairs or take responsibility for that lapse. Sort of reminds us of the creep we have now, Hedges. Vote Cortez.

      (23) 35 Total Votes - 29 up - 6 down
      • BeenThereDoneThat says:

        Hey Hotdog. I think that is the way you play it these days. Blame the wives. That’s the same thing the guy said about the CMC docs. in the dumpster. Pretty soon we are going to have a lot of pissed off wives in this county, getting tired of being blamed for everything by there husbands. Note here. I haven’t blamed my wife for anything. Yet. ;-)

        (6) 8 Total Votes - 7 up - 1 down
        • danika says:

          Excuse me? Who do wives blame??? Let’s be fair, here. Do we get to blame the dogs, kids, the hubby????

          (1) 3 Total Votes - 2 up - 1 down
  7. Al says:

    Wild Pigs….just hope season is open.

    (6) 12 Total Votes - 9 up - 3 down

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