The Principal Act is amended by the substitution of the following for section 119 (as amended by section 89 of the Courts and Civil Law (Miscellaneous Provisions) Act 2013):

"119.

(1) Subject to this section and section 119A, a Personal Insolvency Arrangement may be varied in accordance with its terms.

(2) A personal insolvency practitioner, whether on his or her own initiative or on a request made in accordance with subsection (3), shall propose a variation of a Personal Insolvency Arrangement (in this section referred to as a 'variation') where -

(a) it appears to the personal insolvency practitioner that there has been a material change in the debtor's circumstances, and

(b) the personal insolvency practitioner is satisfied that there is a reasonable prospect that a variation that addresses such circumstances would be approved in accordance with this section.

(3) A debtor or creditor who is bound by a Personal Insolvency Arrangement may request the personal insolvency practitioner to propose a variation of the Arrangement, which request shall be -

(a) in writing,

(b) accompanied by information or evidence to support the assertion that there has been a material change in the debtor's circumstances, and

(c) accompanied by the written consent of the person making the request to the -