(1) Subject to this section, a Debt Settlement 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 Debt Settlement 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 Debt Settlement 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 circ
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