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).
He later obtained a Watt steam engine, shipped to America where his first proper steamship was built in 1807, North River Steamboat (later known as Clermont), which carried passengers between New York City and Albany, New York. Clermont was able to make the 150-mile (240 km) trip in 32 hours.