I heard about the bankruptcy of Gateway21, which was an agency to support international students. I actually asked for their support while I stayed in Canada with a working holiday visa about four years ago. In Canada, they found a nice host family for me, received mail for me and helped us with many circumstances. In addition, they let us use their office address as a contact so that we could open our bank account and subscribe cell phones. Thus, I appreciate them.
However, they had changed. Although they got paid from students, they had not paid for school fees, support fees to each of their offices in the world, not host families for these several months. Then they filed for bankruptcy. Someone said that the company president started a new business using the money but fell down.
Many people have been working very hard and saving their money to go abroad. However, because of the bankruptcy, all of them cannot get any support any more and might not be able to get any refund. Moreover, some of them cannot go to school, some have to move out from their host family's place, and others have lost their shirts. I think that it is a kind of fraud, isn't it?
I have no personal damage, but have mixed feelings about it now. I just hope whoever already stays or plans to go abroad through the agency will have a great time and reach their goals.