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 filed for bankruptcy protection and shut down its operations. According to the notice posted on the school's website, ILAC had faced escalating financial difficulties over the past three years due to significant regulatory challenges in the sector.
The school, with campuses in Vancouver and Toronto, had operated for more than 30 years, assisting international students in building their community and careers. Despite its efforts to ensure adequate resources for operations, ILAC could no longer continue its activities. KPMG Inc. has been appointed as the licensed insolvency trustee to handle the bankruptcy process, and further updates will be shared soon. The school expressed deep regret over the challenges its community will face due to the closure.
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