Status & does not exist, but can be created

What causes this issue?

You have entered a status name which does not exist.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

If you want to get an existing status, check the accuracy of your
entry.
To create a new status, carry on with this process.

Error message extract from SAP system. Copyright SAP SE.