I started an IVA in 2009 with DFD. I called them to say i couldn't keep up payments in 2011 and was advise that the IVA would fail and was told that I would receive a notice from them in the post to say this had failed.. it didn't arrive and we moved house several times ( i updated them of my address changes).. long story short, i finally received a letter stating my IVA had failed in 2016- It appears they were chasing PPI over those 5 years. My question is the debt is no longer on my credit files, but is it classed as Statute Barred now, or would it not be until 6 years from the date I received my IVA failure letter. I'm confused why it took so long to fail, and obviously, had i been able to go bankrupt in 2011, as i planned, i would be able to start over financially now- But i was advised that i couldn't until i received notice until my IVA failed. Is this allowed, as they weren't acting in my best interests? My creditors have not contacted me yet, but i am due some inheritance soon, so i assume they will be in touch after I receive it.
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