Maybe ... maybe not. It simply indicates that BC have amended the report to the particular CRA you are looking at. Creditors have many and varied ways of internally 'playing' with defaulted accounts, but these do not mean that the debt has 'disappeared', but is merely 'dormant' for the duration. The debt will not be officially written off until the IVA has successfully completed.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014 http://foggy.blogs.iva.co.uk