Earle Industries, Inc. v. C-Way Enterprises, Inc. (In re Earle Industries, Inc.)

*387MEMORANDUM AND ORDER

CAHN, District Judge.

Appellant CNA Continental Assurance Company seeks to appeal from an order of the Bankruptcy Court, 88 B.R. 52, denying appellant’s motion to reconsider an earlier order refusing to set aside a default judgment.1

On June 20, 1986, a default judgment was entered against the appellant in the amount of $55,617.48 for failure to answer appellee’s complaint and for failure to appear at trial. On August 14, 1986, appellant filed a motion to set aside the default judgment. This motion was denied on December 8, 1986. On December 17, 1986, appellant filed, first,…