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).
Upon returning to the US, Fulton went back to work on his idea for the steamboat invention. He took a special English steam engine, made some improvements to it, and tested models to develop the ideal shape. Ultimately, Fulton's ship, the Clermont, made its debut in 1807 â steaming upriver from New York to Albany. After obtaining his patent in 1809, Robert Fulton was soon running steamboat services on six major rivers and the Chesapeake Bay.