International Language Academy of Canada Files for Bankruptcy Protection
Steady: 0 in the last 7 days
Updated sep 25
The latest in this situation
How it started
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What happened
The International Language Academy of Canada (ILAC), a private English-language school, has announced it is ceasing operations due to financial challenges. The company, which was based in Toronto and operated campuses in Vancouver, filed for bankruptcy protection. The announcement was made on the school's website on September 18, 2026, and all classes and programming were cancelled effective immediately.
From dailyhive.com
Why it matters
ILAC cited increased financial challenges due to significant regulatory changes affecting the education sector as the cause for its insolvency. The closure impacts the operational status of the school's facilities in both Toronto and Vancouver.
From dailyhive.com
Who's involved
How it developed
Newest first. Tap a step to see who reported it.- José Carlos Chávez contacted KPMG regarding assets of ILAC International College, which KPMG is acting as trustee for in Vancouver.Sub-event
ILAC, based in Toronto and operating in Vancouver, faces insolvency proceedings led by KPMG.1 source