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 August 26, 1791, John Fitch was granted a United States patent for the steamboat. He went on to build a larger steamboat which carried passengers and freight between Philadelphia and Burlington, New Jersey. Fitch was granted his patent after a battle with James Rumsey over claims to the invention. Both men invented similiar inventions. John Fitch constructed four different steamboats between 1785 and 1796 that successfully plied rivers and lakes and demonstrated, in part, the feasibility of using steam for water locomotion.