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International Language Academy of Canada Shutters over Bankruptcy
The school said it lacked the financial resources to keep operating, and Languages Canada said 1,362 students may need new placements.
- On Friday, the International Language Academy of Canada filed for bankruptcy, ceasing operations immediately and leaving students across Vancouver and Toronto campuses in limbo.
- The school cited 'significant regulatory changes affecting the sector' as the cause for financial challenges over the past three years that forced closure.
- Gil, founder of Truly Canadian Education, reported that students in Vancouver were asked to leave the building on Friday, describing the scene as 'we were in shock.'
- Incoming student Jos Carlos Chavez faces uncertainty after paying nearly $14,000 in tuition, while KPMG Inc. was appointed as the licensed insolvency trustee.
- The closure comes five days after EC English ceased operations, with Languages Canada executive director Gonzalo Peralta calling it 'a shock to everyone' as the organization relocates students.
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23 Articles
23 Articles
Coverage Details
Total News Sources23
Leaning Left13Leaning Right0Center9Last UpdatedBias Distribution59% Left
Bias Distribution
- 59% of the sources lean Left
59% Left
L 59%
C 41%
Factuality
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