In adversary proceedings and contested matters wherein a response is required, the time within which a party is required to answer or otherwise respond may be extended once, by consent of all counsel and all the parties, without the necessity of an order of the Bankruptcy Court, for a period not to exceed sixty days, provided that: 1) the stipulation is signed before the expiration of the period originally prescribed and promptly filed with the Bankruptcy Court; and 2) the extension is permitted by law. All motions or requests for an extension of time must set forth the date of the original expiration and any other extensions of time previously granted. Any extension that would require the continuance of a hearing must comply with BLR 5071-1.