Private Canadian English language school shutters, files for bankruptcy
The school said in a notice it had done "everything possible" to ensure it had the resources it needed to operate, but it could no longer continue to operate.
International Language Academy of Canada (ILAC), a private English language school in Canada, has filed for bankruptcy protection, ceasing all classes and programming. The school, which has operated for over 30 years, faced growing financial challenges due to significant regulatory issues in the language education sector. ILAC had campuses in Vancouver and Toronto, and the bankruptcy filing was made on Friday.
KPMG Inc. has been appointed as the licensed insolvency trustee. The school is working to minimize impacts on students, employees, and partners, with further information to follow. ILAC's website will provide updates on current programs, student services, and next steps for those affected.
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