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).
In 1787, John Fitch demonstrated the first steamboat, which had twelve paddles and was propelled by a steam engine. From 1787 to the 1830s, steamboats were improved. In 1787, James Rumsey created the world's first boat moved by jet propulsion. In 1804, John Stevens built a steamboat with a new high-pressure steam engine. Countless people attempted to improve steamboats so that they could carry passengers and cargo.