Canadian Language School Bankruptcy

What happened

The outlets' own sentences, most widely reported first. Hover or tap one to see who reported it.

Analysis

How it changed

1. 19 Sep

   The school's notice says it has faced financial challenges over the past three years due to "significant regulatory changes affecting the sector."

   3 outlets · CBC
2. 20 Sep

   The notice says KPMG Inc. has been appointed as the licensed insolvency trustee, and additional information about the process will be issued soon.

   2 outlets · Global News

Coverage 6 articles

• 22 Sep Major language school ILAC closes abruptly after filing for bankruptcy, stranding hundreds of studentsILAC, one of Canada's largest private language schools, closed abruptly after filing for bankruptcy on Friday, leaving at least 1,362 students stranded in Toronto and Vancouver. Berta Alonso, an ILAC student from Barcelona, was shocked by the closure, which occurred just two weeks before she completed her marketing diploma. The sudden shutdown is attributed to changes in federal international student policies that…The Globe and Mail
• 20 Sep International Language Academy of Canada files for bankruptcy, cancels all classes and programsThe International Language Academy of Canada (ILAC), a private language school with campuses in Vancouver and Toronto, has filed for bankruptcy protection and cancelled all classes and programming. The school attributes its financial challenges over the past three years to significant regulatory obstacles within the sector. ILAC, which operated for more than 30 years, stated it had done everything possible to…The Globe and Mail
• 20 Sep Private Canadian English language school shutters, files for bankruptcyThe International Language Academy of Canada (ILAC), a private English language school with campuses in Vancouver and Toronto, has filed for bankruptcy protection after facing financial difficulties over the past three years due to regulatory challenges. The school canceled all classes and programming and appointed KPMG Inc. as its licensed insolvency trustee on Friday. ILAC plans to provide updates directly to…Global News
• 20 Sep International Language Academy of Canada shutters over bankruptcyThe International Language Academy of Canada, or ILAC, has declared bankruptcy and halted all operations including classes and programs. According to a notice on their website, the institution cites severe financial difficulties over the last three years, primarily stemming from stringent regulatory requirements impacting the language school industry.Toronto Star
• 19 Sep Canada's largest private English-language school files for bankruptcy, leaving 1,300 students scramblingThe International Language Academy of Canada (ILAC), Canada's largest private English-language school, has filed for bankruptcy protection under KPMG, closing its Toronto and Vancouver campuses. This abrupt closure affects over 1,300 international students and hundreds of employees. The school cites "significant regulatory changes" as the reason for financial strain, part of a broader crisis in the ESL sector where…Toronto Star
• 19 Sep Canadian language school files for bankruptcy, leaving students strandedCanada's largest private language school, ILAC, filed for bankruptcy on Friday, ceasing operations and leaving 1,362 students in limbo. Located in Vancouver and Toronto, ILAC offered various programs including short-term English courses and two-year college programs. Incoming student José Carlos Chavez, who had paid nearly $14,000 in tuition, expressed confusion and concern over potential debt if he cannot receive a…CBC

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