Iva - statute barred debt???

Zealous3g

Hello Everyone

I entered into an IVA in 2006. I paid into this arrangement for 2 years, some £367 each month.

The last payment that I made to this arrangement was in March 2008, as I lost my job. Just when I was about to contact the Licensed Practitioner who put the arrangement together, I received a letter saying that their company had gone bankrupt, this was in 2008.

I have not received any correspondence since March 2008 until when I received a letter from a firm of solicitors June 2014 saying that the debt had now been sold to them and that I have 7 days in which to contact them to agree a payment plan for the debt. The debt is £775. I have paid into the IVA for two years, my total debt them was about £21,000, as their are other creditors. What has happened to the money that I have paid into the arrangement? I have also checked to see whether I could find myself on the IVA REGISTER, I could not.

After I received the letter telling me that the company responsible for arranging the IVA had gone bankrupt, i then received another letter saying that I may have been mis-sold an IVA and that I should stop paying into the IVA.
The last payment that I made into the arrangement was March 2008.

I have not received any further correspondences from any of my creditors and I have moved to a new.

With regard to the court action for the £775, I intend to defend the claim by saying that the debt is statute barred. I suspect the other creditors will try and come after me, but i have not paid , acknowledged in writing or verbally any admittance to the debt.

Can this debt be deemed Statute Barred. I have not contacted the court as yet.

Zealous3g

*Robin*

What a difficult question!

OP, suggest you choose another MSE board to post this on if you're hoping for many replies - have a look at the drop-down list on the right of this page, beneath "Forum Jump", where you'll see several boards which would be more appropriate for your query than DF Diaries..