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).
On Aug. 17, 1807, the steamboat started on its first successful trip 150 miles (241 kilometers) up the Hudson River from New York City to Albany, in about 30 hours, including an overnight stop. After extensive rebuilding, the boat began to provide regular passenger service on the Hudson. The Clermont was not the first steamboat to be built, but it was the first to become a practical, financial, and commercially successful steamboat.