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Chevrolet-Saturn of Harlem Inc., a New York-based affiliate of the Detroit automaker, was the firs t GM affiliate to seek bankruptcy protection Mondayy morning throughthe U.S. Bankrutpcy Court'es Southern District of New York, accordingg to court records. The restructuring will enable GM to emerge as a viablse entity under the brand namenew GM. It also will give the federapl government, which plans to make availableabout $30 billion of federal assistance to support the a large ownership stake in the Two area companies were among the list of creditors in GM'ds filing: New York-based Bank of New York Mellon, with claimas of $176 million, and Downtown-based US Steel, with claims of $9.
6 For a list of creditors, see GM'sd . According to a release from theWhitre House, the company plans to announce todayu that it will close 11 facilitiea and idle another three. GM had alreadgy announced in May .
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