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Eric Cline

๐Ÿ‘ค Speaker
684 total appearances

Appearances Over Time

Podcast Appearances

The Level Up Podcast w/ Paul Alex
$147 Million Exit Gone Wrong: Eric Cline Reveals How He Lost Everything and Rebuilt His Life

Paperwork was all done.

The Level Up Podcast w/ Paul Alex
$147 Million Exit Gone Wrong: Eric Cline Reveals How He Lost Everything and Rebuilt His Life

We were waiting to close the deal.

The Level Up Podcast w/ Paul Alex
$147 Million Exit Gone Wrong: Eric Cline Reveals How He Lost Everything and Rebuilt His Life

And we ended up getting, which I can't name the two timeshare developers just because of my settlement.

The Level Up Podcast w/ Paul Alex
$147 Million Exit Gone Wrong: Eric Cline Reveals How He Lost Everything and Rebuilt His Life

But two of the largest timeshare developers in the world, publicly traded, multi-billion dollar companies.

The Level Up Podcast w/ Paul Alex
$147 Million Exit Gone Wrong: Eric Cline Reveals How He Lost Everything and Rebuilt His Life

We know they got a hold of our book when we sent it out to all the private equity firms and they knew we were going to be exiting.

The Level Up Podcast w/ Paul Alex
$147 Million Exit Gone Wrong: Eric Cline Reveals How He Lost Everything and Rebuilt His Life

They ended up suing us, my companies personally, and then me and my wife personally.

The Level Up Podcast w/ Paul Alex
$147 Million Exit Gone Wrong: Eric Cline Reveals How He Lost Everything and Rebuilt His Life

So they sued our companies and then me and my wife.

The Level Up Podcast w/ Paul Alex
$147 Million Exit Gone Wrong: Eric Cline Reveals How He Lost Everything and Rebuilt His Life

And we got some poor advice from a lawyer, paid him $150,000.

The Level Up Podcast w/ Paul Alex
$147 Million Exit Gone Wrong: Eric Cline Reveals How He Lost Everything and Rebuilt His Life

As soon as the first lawsuit came,

The Level Up Podcast w/ Paul Alex
$147 Million Exit Gone Wrong: Eric Cline Reveals How He Lost Everything and Rebuilt His Life

We panicked.

The Level Up Podcast w/ Paul Alex
$147 Million Exit Gone Wrong: Eric Cline Reveals How He Lost Everything and Rebuilt His Life

Of course.

The Level Up Podcast w/ Paul Alex
$147 Million Exit Gone Wrong: Eric Cline Reveals How He Lost Everything and Rebuilt His Life

We didn't know what to do.

The Level Up Podcast w/ Paul Alex
$147 Million Exit Gone Wrong: Eric Cline Reveals How He Lost Everything and Rebuilt His Life

Of course.

The Level Up Podcast w/ Paul Alex
$147 Million Exit Gone Wrong: Eric Cline Reveals How He Lost Everything and Rebuilt His Life

So we started literally just Googling bankruptcy attorneys because we were told by someone if you file a Chapter 11 on the company, no one else can sue you because we got one lawsuit.

The Level Up Podcast w/ Paul Alex
$147 Million Exit Gone Wrong: Eric Cline Reveals How He Lost Everything and Rebuilt His Life

Thirty days later, we got another lawsuit, and we're like, holy shit, this is scary.

The Level Up Podcast w/ Paul Alex
$147 Million Exit Gone Wrong: Eric Cline Reveals How He Lost Everything and Rebuilt His Life

We literally panicked.

The Level Up Podcast w/ Paul Alex
$147 Million Exit Gone Wrong: Eric Cline Reveals How He Lost Everything and Rebuilt His Life

Was it the first time you were getting sued?

The Level Up Podcast w/ Paul Alex
$147 Million Exit Gone Wrong: Eric Cline Reveals How He Lost Everything and Rebuilt His Life

Ever.

The Level Up Podcast w/ Paul Alex
$147 Million Exit Gone Wrong: Eric Cline Reveals How He Lost Everything and Rebuilt His Life

Ever.

The Level Up Podcast w/ Paul Alex
$147 Million Exit Gone Wrong: Eric Cline Reveals How He Lost Everything and Rebuilt His Life

Ever.