MEMORANDUM OPINION
MASSIE TILLMAN, Bankruptcy Judge.
This is a Rule 11 sanctions case.
On September 21, 1987 this Court heard a Motion to Vacate Judgment, for Rehearing, and for Stay of any Proceedings to Enforce Judgment in the case of Joe Colvin, Trustee v. K.W. Well Service, Inc. The chronological events of this adversary proceeding are as follows:
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