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).
However, the first steamboat was built by John Fitch in 1787. It had many paddles. Fitch tried to make money from the steamboat, but could not do so. He died in 1798, and did not live long enough to see Robert Fulton become the first person to build a steamboat that could make money.