Another debenture company in Victoria is in strife. Gippsland Secured Investments said on Friday that it had "suspend[ed] further redemptions of at-call and term investments".Gippsland, which has around A$160 million in funds, ceased to accept new investments from 10 July 2013.In a statement on its website, Gippsland said it had "been provided with information showing that there will be a material increase in GSI's provisions for impairment of loans", and that, as a result, the firm "may have a deficiency in its net tangible assets and may not have equity equal to the shortfall."Gippsland said it was "hopeful this issue will be resolved promptly and normal trading can resume."The firm had $6.5 million in net assets at December 2012.Based in Bairnsdale, Gippsland Secured Investments has its origins in the mortgage fund of Warren Graham & Murphy solicitors.Gippsland is one of the affiliates of the Provic group of finance companies, of which the failed Banksia Securities was a prominent member.Southern Finance, another Provic member, last year found a saviour in Bendigo and Adelaide Bank.