has explained: “The ‘abuse of discretion’ standard simply means that we shall not second-guess the decision of a trial judge that is in conformity with established legal principles and, in terms of its application of those principles to the facts of the case, is within the range of options from which one could expect a reasonable trial judge to select.” Id. (citing United States v. Koen, 982 F.2d 1101, 1114 (7th Cir.1992)). To constitute an abuse of discretion, the decision by the bankruptcy court must be more than “just clearly incorrect,” the decision must be “downright unreasonable.” Id. (quoting Morton v. Smith, 91 F.3d 867, 870 (7th Cir.1996); Fuller v. CBT Corp., 905 F.2d 1055, 1058 (7th Cir.1990)); see also McKnight v. United States Steel Corp., 726 F.2d 333, 335 (7th Cir.1984) (<HOLDING>). However, the Seventh Circuit has held that a
holding abuse of discretion is established if district court decision was based on an error of law holding that discretion is abused only when no reasonable person could agree with the trial courts assessment recognizing that a district courts dismissal of an independent action under rule 60b is reviewed for abuse of discretion holding that abuse of discretion in denying a 60b motion is established only when no reasonable person could agree with the district court and there is no abuse of discretion if a reasonable person could disagree as to the propriety of the courts action holding failure to exercise discretion is abuse of discretion