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.
The International Language Academy of Canada (ILAC), a private English language school in Canada, has announced its imminent closure and bankruptcy filing, according to statements from the institution and its appointed insolvency trustee, KPMG Inc.
The notice posted on ILAC's website reveals the school's decision to cancel all classes and programming, citing significant regulatory challenges facing the language education sector over the past three years as the reason for its financial difficulties. Despite making "everything possible" to secure necessary resources, the school concluded it could no longer sustain operations.
ILAC, which maintained campuses in Vancouver and Toronto, indicated it was working to mitigate the impact on students, staff, and partners. The bankruptcy filing was finalized on Friday. The institution expressed deep regret over the news, acknowledging the challenges its community would face.
The notice emphasizes that ILAC had been operating for over 30 years, providing international students with opportunities to build both personal and professional networks. Further details regarding current programs, student services, and next steps will be communicated directly to those affected via the school's website, which will be updated as new information becomes available.
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