Exemptions are important in bankruptcy. If property is âexemptâ, it means the debtor. may keep the property and does not have to turn it over to the bankruptcy trustee. All property-. even property the debtor intends to keep -must be listed on the debtorâs bankruptcy schedules.
In 1803 Robert Fulton invented the steamboat In 1736, Jonathan Hulls took out a patent in England for a Newcomen engine-powered steamboat. (but James Watt's improvement to t â¦ he steam engine made it feasible).
Fitch later built a larger vessel that carried passengers and freight between Philadelphia and Burlington, New Jersey. 1  He was then granted is first United States patent for a steamboat on August 26, 1791 after a contentious battle with inventor James Rumsey over claims to the same invention.