Teterboro (pronounced TEETER-boro) is a borough in Bergen County, New Jersey, U.S. As of the United States 2000 census, the borough population was 18, making it the smallest municipality in New Jersey by population at the time of the census, ahead of Pine Valley (population 20) and Tavistock (with 24 residents). The 2000 census failed to count any of the residents of the Vincent Place housing units who had moved into the newly built homes in 1999. The uncounted residents, including the Mayor and all four Council members, would help make up a projected tripling of the population enumerated by the census. Previously, the Mayor and Council, as well as several other Vincent Place residents, had all been residents of Huyler Street, the only other street zoned as a residential area in the borough. In a March 2010 article, published in the Bergen Record, Teterboro's municipal manager noted that the actual population of the town is now 60. Teterboro was incorporated on March 26, 1917, from land taken from the boroughs of Moonachie and Little Ferry and from Lodi Township. The borough was enlarged on July 5, 1918, by the addition of area annexed from Hasbrouck Heights. The name Teterboro was changed on April 14, 1937, to Bendix Borough, and changed back to Teterboro Borough on June 1, 1943. The town was named for Walter C. Teter, a New York investment banker, who had purchased land to build a racetrack. In the past, neighboring municipalities, such as Hasbrouck Heights and South Hackensack, have attempted to absorb Teterboro, hoping to reap the financial benefits (and lower property taxes) of doing so. Others have reasoned that the population is too small for the borough to justify its own existence. However, all such attempts have met with failure, due to resistance from residents and municipal officials. Teterboro is best known as the home of Teterboro Airport (operated by the Port Authority of New York and New Jersey) which takes up most of the borough, along with portions of Hasbrouck Heights and Moonachie.

What is business bankruptcy law?

Business Bankruptcy involves the legal process that insolvent businesses take to insure fairness and equality upon creditors and to help the debtor company start anew with the property the company is allowed to keep without being hampered by their liabilities. Business Bankruptcy attorneys advise on debt relief options and guide companies through each phase of a federal bankruptcy filing -- including Chapter 7 bankruptcy debt discharge plans and Chapter 11 bankruptcy debt reorganization plans. Bankruptcy attorneys may also represent creditors seeking to have their rights enforced in connection with the bankruptcy reorganization of a debtor.

Personal Bankruptcy attorneys also advise on debt relief options and guide individuals through each phase of a federal bankruptcy filing.

Answers to business bankruptcy law issues in New Jersey

There are six basic types of bankruptcy cases provided for under the Bankruptcy Code, each of which is discussed...

Official Bankruptcy Forms must be used to file and take action in bankruptcy cases. Procedural Forms also may be...

Chapter 7 of the Bankruptcy Code provides for "liquidation," ( i.e., the sale of a debtor's nonexempt property and...

Chapter 9 of the Bankruptcy Code provides for reorganization of municipalities (which includes cities and towns, as...

Chapter 11 of the Bankruptcy Code provides (generally) for reorganization, usually involving a corporation or...

Chapter 12 of the Bankruptcy Code provides for adjustment of debts of a "family farmer," or a "family fisherman" as...

Chapter 15 is a new chapter added to the Bankruptcy Code by the Bankruptcy Abuse Prevention and Consumer Protection...

Although the Bankruptcy Code provides for a stockbroker liquidation proceeding (11 U.S.C. ยง 741 et seq.), it is far...

Most debtors who file a bankruptcy petition, and many of their creditors, know very little about the bankruptcy...

Laws prohibit debt collectors from using abusive or deceptive tactics to collect a debt. Unfortunately, many...