{"id":1487,"date":"2026-09-20T12:09:17","date_gmt":"2026-09-20T04:09:17","guid":{"rendered":"https:\/\/btbitcoin.net\/index.php\/2026\/09\/20\/international-language-academy-of-canada-shutters-over-bankruptcy\/"},"modified":"2026-09-20T12:09:17","modified_gmt":"2026-09-20T04:09:17","slug":"international-language-academy-of-canada-shutters-over-bankruptcy","status":"publish","type":"post","link":"https:\/\/btbitcoin.net\/index.php\/2026\/09\/20\/international-language-academy-of-canada-shutters-over-bankruptcy\/","title":{"rendered":"International Language Academy of Canada shutters over bankruptcy"},"content":{"rendered":"<figure data-testid=\"article-figure-image\" class=\"yf-750ceo\">\n<div class=\"image-container yf-1f8hkhu loader\">\n<div class=\"image-wrapper yf-1f8hkhu\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"\" height=\"959\" width=\"960\" class=\"yf-1f8hkhu loader\"\/><\/div>\n<\/div><figcaption class=\"yf-750ceo\"><!-- HTML_TAG_START -->The logo for the International Language Academy of Canada is shown in this handout photo. THE CANADIAN PRESS\/Handout &#8211; International Language Academy of Canada (Mandatory Credit) &#8211; The Canadian Press<!-- HTML_TAG_END -->  <\/figcaption><\/figure>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\"><!-- HTML_TAG_START -->The International Language Academy of Canada says it has filed for bankruptcy protection and cancelled all classes and programming.<!-- HTML_TAG_END -->  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\"><!-- HTML_TAG_START -->A notice posted on the private language school&#8217;s website, better known as ILAC, says it has faced growing financial challenges over the past three years due to what it calls significant regulatory challenges affecting the sector.<!-- HTML_TAG_END -->  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\"><!-- HTML_TAG_START -->The notice says the school had done &#8220;everything possible&#8221; to ensure it had the resources it needed to operate, but it could no longer continue to operate.<!-- HTML_TAG_END -->  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\"><!-- HTML_TAG_START -->It says the school, which had campuses in Vancouver and Toronto, was working to minimize impacts on students, employees and partners.<!-- HTML_TAG_END -->  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\"><!-- HTML_TAG_START -->The notice says KPMG Inc. has been appointed as the licensed insolvency trustee, and additional information about the process will be issued soon.<!-- HTML_TAG_END -->  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\"><!-- HTML_TAG_START -->It says the bankruptcy filing was made Friday.<!-- HTML_TAG_END -->  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\"><!-- HTML_TAG_START -->&#8220;We understand and deeply regret the challenges our community will face because of this news,&#8221; the statement says.<!-- HTML_TAG_END -->  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\"><!-- HTML_TAG_START -->A separate statement on the school&#8217;s website says ILAC had operated for more than 30 years, helping international students build community and careers.<!-- HTML_TAG_END -->  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\"><!-- HTML_TAG_START -->&#8220;Information regarding current programs, student services and next steps will be communicated directly to those affected and will be updated on this website as information becomes available,&#8221; it says.<!-- HTML_TAG_END -->  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\"><!-- HTML_TAG_START -->This report by The Canadian Press was first published Sept. 19, 2026.<!-- HTML_TAG_END -->  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\"><!-- HTML_TAG_START -->The Canadian Press<!-- HTML_TAG_END -->  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The logo for the International Language Academy of Canada is shown in this handout photo. THE CANADIAN PRESS\/Handout &#8211; International Language Academy of Canada (Mandatory Credit) &#8211; The Canadian Press The International Language Academy of Canada says it has filed for bankruptcy protection and cancelled all classes and programming. A notice posted on the private [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1487","post","type-post","status-publish","format-standard","hentry","category-us-stocks"],"_links":{"self":[{"href":"https:\/\/btbitcoin.net\/index.php\/wp-json\/wp\/v2\/posts\/1487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/btbitcoin.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/btbitcoin.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/btbitcoin.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/btbitcoin.net\/index.php\/wp-json\/wp\/v2\/comments?post=1487"}],"version-history":[{"count":0,"href":"https:\/\/btbitcoin.net\/index.php\/wp-json\/wp\/v2\/posts\/1487\/revisions"}],"wp:attachment":[{"href":"https:\/\/btbitcoin.net\/index.php\/wp-json\/wp\/v2\/media?parent=1487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/btbitcoin.net\/index.php\/wp-json\/wp\/v2\/categories?post=1487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/btbitcoin.net\/index.php\/wp-json\/wp\/v2\/tags?post=1487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}