Story perspectives
ILAC Cancels Classes After Filing for Bankruptcy Protection
By Drooid · · How we work
1 of 1
Story summary
- International Language Academy of Canada (ILAC) filed for bankruptcy protection and cancelled all classes on Friday.
- ILAC said three years of financial challenges from regulatory issues caused the filing.
- KPMG Inc. was appointed as the licensed insolvency trustee to manage the process.
- ILAC pledged to minimize impacts on students, employees and partners and will provide further information.