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).
The first person to combine a steam engine with an improved hull design to create a commercially-successful steamboat, however, was Robert Fulton. Fulton's Clermont was launched in 1807 and quickly became a success. It operated between New York City and Albany, carrying as many as 100 passengers at a time. Others soon followed Fulton's lead and the age of the steamboat had begun. The steam engines on steamboats burned coal to heat water in a large boiler to create steam. The steam was pumped into a cylinder, causing a piston to move upward to the top of the cylinder.